C.E. Info Systems LimitedQ1 FY27 Results & Financial Update
C.E. Info Systems Limited: Q1 FY27 consolidated results and company financials – revenue ₹139.72 Cr, PAT ₹49.74 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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C.E. Info Systems price & chart
Quarter overview
Quarterly earnings analysis
Profit before tax was ₹66.44 Cr for the reported quarter. EPS was ₹9.05 for the reported quarter.
Q1 FY27 revenue grew by 14.9% year-on-year to INR 139.7 crores. EBITDA stood at INR 56.1 crores with an EBITDA margin of 40.2%, and PAT increased by 8.6% year-on-year to INR 49.7 crores with a 31.2% PAT margin.
The company transitioned its market reporting segments from A&M and C&E to three simplified segments: Automotive, Enterprise, and Government.
Rohan Verma was appointed as Joint Managing Director effective June 30, 2026.
Profit after tax was ₹49.74 Cr for the reported quarter. EPS was ₹9.05 for the reported quarter.
Info Systems Limited financial figures for Q1 FY27 (Consolidated).
01 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹139.72 Cr |
| Total income | ₹159.37 Cr |
| Profit before tax | ₹66.44 Cr |
| Profit after tax | ₹49.74 Cr |
| EPS | ₹9.05 |
02 · Why it moved
Why the quarter looked the way it did
What drove margins
Management noted that the 40.2% EBITDA margin in Q1 FY27 was impacted by approximately 4% due to the government client write-off, which flowed through other expenses while payable offsets were recorded under other income.
Blended margins in the quarter were influenced by a higher proportion of IoT hardware sales relative to services mix.
03 · Demand, customers & order book
Where demand is coming from
Q1 is historically the weakest quarter for government business due to seasonal execution patterns.
Open order book stands at INR 1,750 crores, tracked internally across fixed pricing and volume-based categories as well as specific sub-verticals and customer funnels.
Recent customer deployments and wins include Tata Sierra EV for EV trip planning, export maps for an existing passenger vehicle OEM, and two-wheeler launches with Suzuki, Vespa, Ultraviolette, and Ampere, alongside IoT deployments with VinFast.
04 · Segments, products & geography
Which parts of the business are doing the work
Geography and market mix
International operations, including joint ventures in Southeast Asia, are focusing on full-stack sales of Map-led and IoT-led solutions with ongoing course corrections, though current contributions to P&L revenue remain immaterial.
05 · Capacity, projects & execution
What is being built, commissioned or delivered
Capacity, production and utilisation
The company is accelerating its push into AI-native product development and offerings, leveraging AI capabilities that have been utilized for map updates over the past 6 to 8 years.
IoT-led revenue growth initially reflects higher hardware sales at lower margins (growing from INR 23.4 crores to INR 41 crores overall, with hardware moving from INR 7 crores to INR 23 crores), which subsequently triggers recurring SaaS revenue streams.
06 · Reported developments
What changed operationally
Automotive segmental revenue expanded from INR 45.7 crores in Q1 FY26 to INR 58.8 crores in Q1 FY27, representing a 29% jump.
The company closed FY26 with an open order book of INR 1,750 crores, up from INR 1,500 crores at the end of the previous year, providing strong revenue visibility.
Enterprise segment revenue grew by 6% year-on-year from INR 60.6 crores to INR 64 crores, backed by wins across mobility, logistics, BFSI, manufacturing, telecom, and renewable energy.
07 · Pressure points & risks
What is not going smoothly
The company executed a one-time receivable write-off for a specific government client of approximately INR 4 crores, which netted out to an INR 80 lakh impact on the P&L due to a back-to-back payable adjustment.
Government business involves longer collection cycles compared to Automotive and Enterprise, requiring careful tracking and risk management.
08 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Total receivables at the end of FY26 stood at INR 176 crores, with a majority originating from government contracts.
09 · Management guidance & targets
What management is targeting from here
Management maintains a full-year EBITDA margin target of 35% plus.
10 · Management call deep dive
What management said on the conference call
Operating takeaways
10 key pointsInternational operations, including joint ventures in Southeast Asia, are focusing on full-stack sales of Map-led and IoT-led solutions with ongoing course corrections, though current contributions to P&L revenue remain immaterial.
Q1 is historically the weakest quarter for government business due to seasonal execution patterns.
Open order book stands at INR 1,750 crores, tracked internally across fixed pricing and volume-based categories as well as specific sub-verticals and customer funnels.
Recent customer deployments and wins include Tata Sierra EV for EV trip planning, export maps for an existing passenger vehicle OEM, and two-wheeler launches with Suzuki, Vespa, Ultraviolette, and Ampere, alongside IoT deployments with VinFast.
The company is accelerating its push into AI-native product development and offerings, leveraging AI capabilities that have been utilized for map updates over the past 6 to 8 years.
IoT-led revenue growth initially reflects higher hardware sales at lower margins (growing from INR 23.4 crores to INR 41 crores overall, with hardware moving from INR 7 crores to INR 23 crores), which subsequently triggers recurring SaaS revenue streams.
Management noted that the 40.2% EBITDA margin in Q1 FY27 was impacted by approximately 4% due to the government client write-off, which flowed through other expenses while payable offsets were recorded under other income.
Blended margins in the quarter were influenced by a higher proportion of IoT hardware sales relative to services mix.
Total receivables at the end of FY26 stood at INR 176 crores, with a majority originating from government contracts.
Management maintains a full-year EBITDA margin target of 35% plus.
Important analyst Q&A
2 key pointsManagement clarified that a reduction in a large auto OEM contract noted last year was due to the customer omitting certain vehicle technology features rather than a contract loss; the contract may extend or incorporate more vehicles over time.
The company is well-positioned with geospatial, IoT, and process twin capabilities for digital twin city opportunities and the Maharashtra government's NAKSHA scheme, but intends to approach the space with calibrated caution regarding receivables.
11 · Key Q&A
The quarter, answered directly
What is the clearest takeaway from Q1 FY27?
Profit before tax was ₹66.44 Cr for the reported quarter. EPS was ₹9.05 for the reported quarter.
What drove revenue or demand?
Q1 is historically the weakest quarter for government business due to seasonal execution patterns.
What mattered most for margins or profitability?
Management noted that the 40.2% EBITDA margin in Q1 FY27 was impacted by approximately 4% due to the government client write-off, which flowed through other expenses while payable offsets were recorded under other income.
What changed operationally beyond the headline numbers?
The company is accelerating its push into AI-native product development and offerings, leveraging AI capabilities that have been utilized for map updates over the past 6 to 8 years.
What is management guiding or targeting from here?
Management maintains a full-year EBITDA margin target of 35% plus.
What are the main pressure points disclosed for the quarter?
The company executed a one-time receivable write-off for a specific government client of approximately INR 4 crores, which netted out to an INR 80 lakh impact on the P&L due to a back-to-back payable adjustment.
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Earnings sensitivity: what if growth and margins change?
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