C.E. Info System Q1 FY27 Results (NSE: MAPMYINDIA)
Signal: Margin expansion
The read
The key inflection is the rebound in consolidated EBITDA margin to 54.2%, up 240bps YoY and 1020bps QoQ after the recent Q1FY27 margin of 40.0%; however, revenue growth was 14.9% YoY and PAT growth only 8.6%, while other income of ₹1965 lakh represented 29.6% of PBT and the standalone-to-consolidated gap shows subsidiaries are still dilutive.
| Metric | Value | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹139.72 Cr | +14.9% | -3.6% |
| EBIT | ₹66.62 Cr | N/A | |
| Net profit | ₹49.77 Cr | +8.6% | |
| EPS | ₹9.09 | +7.3% | |
| EBIT margin | 54.2% |
P&L walk
Consolidated revenue of ₹13972 lakh grew 14.9% YoY, while EBITDA of ₹7577 lakh rose faster and lifted margin to 54.2%; PAT of ₹4977 lakh grew 8.6%, restrained by the ₹1965 lakh non-operating other-income component and higher tax.
Segments
No segment table is disclosed, but standalone PAT of ₹5542 lakh exceeded consolidated PAT of ₹4977 lakh by ₹565 lakh and standalone EBITDA margin of 63.2% exceeded consolidated margin of 54.2%, indicating subsidiary drag on group profitability.
Key positives
- Consolidated revenue reached ₹13972 lakh, up 14.9% YoY, with the filing context identifying device-led growth as a key contributor.
- EBITDA margin expanded to 54.2%, up 240bps YoY and 1020bps QoQ, reversing the recent margin contraction visible in the prior-results series.
- Standalone EBITDA margin was 63.2% versus consolidated 54.2%, demonstrating strong parent-level operating economics.
Key concerns
- PAT growth of 8.6% YoY lagged revenue growth of 14.9% and EBITDA margin expansion, limiting conversion of operating momentum into bottom-line growth.
- Consolidated other income of ₹1965 lakh was 29.6% of PBT, so reported PAT is materially exposed to non-operating income.
- Standalone PAT of ₹5542 lakh exceeded consolidated PAT of ₹4977 lakh by ₹565 lakh, while standalone margin exceeded consolidated margin by 900bps, indicating subsidiary drag.
Earnings quality: includes non-operating other income
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