This IT company reported a 26% rise in Q4 net earnings
The company has reported robust results on a consolidated basis.
About the Q4 result
C.E. Info Systems has reported a rise of 26.04% in its net profit on a consolidated basis at Rs 28.46 crore for the fourth quarter that ended March 31, 2023, as compared to Rs 22.58 crore for the same quarter in the previous year. The total profit of the company for the entire year increased by 23.81% at Rs 107.81 crore for FY23 as compared to Rs 87.07 crore for FY22.
The company has reported a rise of 27.05% in its net sales at Rs 72.47 crore for Q4FY23 compared to Rs 57.04 crore for the same quarter in the previous year. Net sales of the company increased by 7.11% on a sequential basis as compared to Rs 67.66 crore for Q3FY23.
Share price movement
C.E. Info Systems is currently trading at Rs 996.65, down by 11.80 points or 1.17% from its previous closing of Rs 1009.90 on the BSE.
The scrip opened at Rs 996.70 and has touched a high and low of Rs 1028.95 and Rs 983.45 respectively. So far 10,030 shares were traded on the counter.
The BSE group 'A' stock of face value of Rs 2 has touched a 52-week high of Rs 1,632.75 and a 52-week low of Rs 983.45. The current market cap of the company is Rs 5,360.44 crore.
The promoters holding in the company stood at 53.31%, while Foreign Institutions and Domestic Institutions held 6.61% and 4.85%, respectively.
C E Info Systems Limited (“MapmyIndia”) was incorporated on February 17, 1995. The company is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”), and platform as a service (“PaaS”). They are India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.
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