New Delhi, Jan 28 (PTI) CE Info Systems, the parent company of MapmyIndia, on Tuesday reported a 4 per cent rise in consolidated net profit to Rs 32.3 crore for the quarter ended December 2024.

Its revenue from operations rose 24.5 per cent year-on-year to Rs 114.5 crore in Q3 FY25.

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MapmyIndia Chairman and Managing Director Rakesh Verma said: "In Q3 FY25, we successfully operationalised the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint".

As part of the company's long-term strategy, both the Mappls App and brand will continue to be an integral part of the organisation, Verma added.

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In terms of profitability, its EBITDA for Q3 FY25 was about Rs 42 crore compared to Rs 36 crore in Q3 FY24.

"We will continue to prioritise the Mappls App as a key strategic asset while we will calibrate the costs associated from Q4 onwards," the company said in its earnings release.

In Q3 FY25, Consumer Tech and Enterprise Digital Transformation (C&E) revenue surged by 39 per cent to Rs 65 crore, while Automotive and Mobility Tech (A&M) revenue demonstrated a growth of 9 per cent to Rs 49 crore.

"Our Map-led business delivered a very strong 33 per cent growth to Rs 87 crore in Q3 FY25, while the IoT-led business had a growth of 4 per cent during the quarter due to delays in some anticipated business," the release said.

The subscription services, however, grew 31 per cent year-on-year in the quarter.

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