[ad_1]
CE Infosystems Ltd. (MapMyIndia) reported robust revenue growth driven by better than expected performance in the automotive and mobility segment.
Revenues were Rs 763.1 million (up 17.4% QoQ, up 34.6% YoY), up 9.6% above our estimates.
Ebitda margins for Q2 FY23 were 39.9% (Q1 FY23: 46.0%) and were impacted by increased investment in the internet of things business of Gtropy along with higher marketing expenses for MapMyIndia and Mappls.
Ex-Gtropy, MapMyindia’s H1 FY23 Ebitda margins were 49.9%.
Source link
rn
[ad_2]rn
Source link ","author":{"@type":"Person","name":"Index Investing News","url":"https://indexinvestingnews.com/author/projects666/","sameAs":["https://indexinvestingnews.com"]},"articleSection":["Financial"],"image":{"@type":"ImageObject","url":"https://gumlet.assettype.com/bloombergquint/2022-11/05ea240f-2bbd-4459-a47d-9de87168a5d7/Source_pxhere_com.jpg?rect=0,248,4000,2100&w=1200&auto=format,compress&ogImage=true","width":1920,"height":0},"publisher":{"@type":"Organization","name":"","url":"https://indexinvestingnews.com","logo":{"@type":"ImageObject","url":""},"sameAs":["https://www.facebook.com/Index-Investing-News-102075432474739","https://twitter.com/IndexInvesting_"]}}
[ad_2]
Source link