Net profit of C.E. Info Systems rose 5.50% to Rs 32.44 crore in the quarter ended December 2024 as against Rs 30.75 crore during the previous quarter ended December 2023. Sales rose 24.47% to Rs 114.54 crore in the quarter ended December 2024 as against Rs 92.02 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales114.5492.02 24 OPM %36.1538.10 - PBDT49.7445.84 9 PBT44.2942.09 5 NP32.4430.75 5 Powered by Capital Market - Live News

C.E. Info Systems will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live News

Qualcomm Technologies, Inc., a global leader in wireless technology innovation, and MapmyIndia announced a technology collaboration aimed at supporting the `Make in India` initiative for the automotive sector. Combining Qualcomm Technologies` Snapdragon� Digital Chassis� solutions with MapmyIndia`s expertise, the companies will deliver cutting -edge automotive connectivity solutions and connected services for the four-wheel (4W) and two-wheeler (2W) segments domestically and for global automakers.As part of the companies` work, MapmyIndia will utilize Qualcomm Technologies` Snapdragon� Auto Connectivity Platform to develop telematics solutions tailored to the needs of Indian automakers. MapmyIndia solutions will enable OEMs to offer high-quality yet affordable connectivity in mid-tier and low-tier vehicles, prioritizing safety and convenience for the mass market.Furthermore, MapmyIndia will integrate Snapdragon� Car-to-Cloud Services with its MAPPLS automotive services to create a software-defined vehicle framework, driving device and cloud services for 2W, 4W and commercial vehicles that utilize Snapdragon Digital Chassis solutions. The single platform and common interface is aimed at helping manage device, data, maps, navigation and services. With this integrated solution, MapmyIndia will scale, customize and bring the necessary applications and application programming interfaces (APIs) to enhance the end-to-end services experience, ensuring that each user benefits from a personalized and intuitive interaction tailored to their specific needs and preferences. Powered by Capital Market - Live News

The Board and Management believe that the focus of the Company should remain on the B2B and B2B2C sectors which constitute over 99% of revenues and continues to represent a significant growth opportunity for the foreseeable future. MapmyIndia is a market leader in these segments with a strong track record of growth and profitability and will continue to invest in these segments for future growth. MapmyIndia`s retail brand, Mappls, and the associated apps continues to be held by the Company. MapmyIndia`s Board has reversed its decision to make any equity or debt investment in a proposed new company. The Board will continue to explore and evaluate various opportunities in respect to B2C, while re-calibrating its investments in B2C segment.Rakesh Verma, CMD, MapmyIndia, and Rohan Verma, CEO & Executive Director, MapmyIndia, said �We believe that the decisions taken by the Board on 29th November 2024 and today, 9th December 2024 both are taken in the best interest of the Company and all its shareholders including minority shareholders. The Company and the Board believes it is important to ensure that the Company goes above and beyond to allay any apprehensions. MapmyIndia has always been run with the best of intent and Corporate Governance and will always be run like this. We execute well on our goals as can been seen from our track records of growth, profitability, capital allocation and innovation. We keep looking at future optionalities across the spectrum and proposals for value creation with careful consideration of all facts and contexts to arrive at decisions which are in the best long term interest of all shareholders and stakeholders. We remain on track to achieve our stated goals as articulated in our Investor Day in June, 2023.�Powered by Capital Market - Live News

Net profit of C.E. Info Systems declined 8.20% to Rs 30.33 crore in the quarter ended September 2024 as against Rs 33.04 crore during the previous quarter ended September 2023. Sales rose 13.82% to Rs 103.67 crore in the quarter ended September 2024 as against Rs 91.08 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales103.6791.08 14 OPM %35.7944.41 - PBDT46.2747.93 -3 PBT40.7044.20 -8 NP30.3333.04 -8 Powered by Capital Market - Live News