MapmyIndia posts a 40.17% margin despite a Rs 4 crore one-off hit
The company remains well above the IT peer median, but non-operating income contributed materially to pre-tax profit.
Filed 04 Aug 2026, 15:24 IST · C.E. Info Systems Ltd (MAPMYINDIA)
Key takeaways
- Consolidated operating margin was 40.17%, 22.42 percentage points above the 17.75% median for 27 reported IT peers.
- Management said a Rs 4 crore one-time government-customer write-off cut Map-led EBITDA margin by about 4% in Q1FY27.
- Other income of Rs 19.01 crore made a notable contribution alongside Rs 65.8 crore of pre-tax profit, tempering reported earnings quality.
Price around the results
Operating margin remains far above IT peers
C.E. Info Systems reported consolidated operating margin of 40.17%, placing it 22.42 percentage points above the 17.75% median among 27 IT peers that have reported. The quarter also included Rs 19.01 crore of other income against Rs 65.8 crore of pre-tax profit, so reported earnings received meaningful support outside operations. Net profit after Rs 16.06 crore of tax was Rs 49.74 crore, with EPS at Rs 9.09.
A government write-off weighed on Map-led profitability
Management said Map-led EBITDA margin was affected by about 4% because of a Rs 4 crore one-time write-off for a government customer. The company also told analysts that Q1 is seasonally the weakest quarter for its Government business, providing context for the quarter's operating performance. The one-off charge and seasonal mix are the clearest disclosed pressures on margins.
AI push and OEM wins broaden the business pipeline
Management said it is accelerating AI-native product development, AI-native offerings and related organisational work. The presentation said Tata Sierra EV went live with the company's EV trip-planning solution during the quarter. It also reported a contract renewal from a leading two-wheeler OEM and an export maps programme for an existing passenger-vehicle OEM.
Q1FY27 at a glance
Consolidated figures as filed with NSE — cross-checked against an independent source.
| Line item | Q1FY27 |
|---|---|
| Revenue | ₹140 cr |
| Other income | ₹19 cr |
| Expenses | ₹84 cr |
| Operating profit | ₹56 cr |
| Operating margin (%) | 40.17% |
| Interest | ₹0 cr |
| Depreciation | ₹9 cr |
| Profit before tax | ₹66 cr |
| Tax | ₹16 cr |
| Net profit | ₹50 cr |
| EPS (₹) | ₹9.09 |
Operating margin of 40.17% compares with a Information Technology sector median of 17.75% across 27 peers that have reported Q1FY27.
What management said
From the company’s own investor presentation. Each point is checked against the source document before it appears here.
This quarter
- Tata Sierra EV went live with the company's EV trip-planning solution.
New orders
- The company secured a contract renewal from a leading two-wheeler OEM and won an export maps programme from an existing passenger vehicle OEM.
New initiatives
- The company is accelerating AI-native product development, offerings and organisational work.
Problems & risks
- Map-led EBITDA margin was impacted by about 4% because of a Rs 4 crore one-time write-off for a government customer.
- The first quarter is seasonally the weakest quarter for the Government business.
What to watch
- Whether operating margin holds above 40.17% after the one-time write-off.
- Whether the Rs 4 crore government-customer charge remains absent in the next quarter.
- Whether other income stays near Rs 19.01 crore or becomes a smaller contributor to pre-tax profit.