CE Info Systems stock rises nearly 4% after excellent September quarter results

CE Info Systems Share Price: Shares of CE Info systems banked on excellent September quarter results in the early morning session on BSE on Wednesday as they rose nearly 4 per cent.

The shares were trading higher by 3.96 per cent, or Rs 82.55, or Rs 2,167.80 each, at 10:23 am on Wednesday.   

CE Info Systems Q2 Results

In its second-quarter results announced on Tuesday, the company's consolidated profit after tax skyrocketed by 30 per cent, while its revenues were up by 19 per cent Year-on-Year.

The company reported excellent results on all parameters as it clocked an all-time high revenue, EBIDTA and profit after tax (PAT).

CE Info Systems' margin in the quarter under review were up by 44.93 per cent against 39.9 per cent in the same quarter last year.

It has shown strong margins and growth in profits in the second quarter.

The company's management is quite excited about the second half of the year, especially the fourth quarter.

Its B2C Mappls app has drawn tremendous response in the last few months.

At the same time, CE Info Systems continues to see healthy growth in both Map-led and IoT-led business for the first half of the year.

What does CE Info Systems do?

It is India's first digital mapping firm which was started in 1995.

Its main businesses are services such as Map Service (MaaS), Software Service (SaaS) and Platform Service (PaaS).

While its MaaS offerings are used in maps and data, its SaaS and PaaS offerings provide platforms and IoT.

It serves two segments- Automotive & Mobility Tech and Consumer & Enterprise Digital Transformation.