Q3 2026 CE Info Systems Ltd Earnings Call Transcript
Key Points
- The open order book increased significantly from 1,500 crores at the beginning of the year to 1,770 crores by December 31, indicating strong order booking.
- CE Info Systems Ltd (BOM:543425) is actively developing new-age products with AI elements, which are expected to be crucial for future growth.
- The company has successfully implemented the labor code, with no liabilities incurred, ensuring compliance and stability.
- The management remains confident in achieving a 35% EBITDA margin for FY26, with expectations of a strong Q4 performance.
- The IoT business is on a steady growth path, contributing significantly to the revenue mix and expected to continue its upward trajectory.
- Q3 was considered a weak quarter due to deferred deliveries and delays in government projects.
- There was a notable decline in the CNE business, primarily due to delayed government orders and changes in project scopes.
- The company faced challenges in billing due to changes in project scopes, particularly with AI integration, affecting revenue recognition.
- The revenue growth in Q3 did not match the industry growth, particularly in the automotive sector, due to a focus on connected vehicles.
- There is uncertainty about achieving the long-term revenue target of 1,000 crores by FY28, requiring a significant CAGR over the next two years.
Ladies and gentlemen, good day and welcome to the CE Info Systems Limited, also known as My My India Q3 FY26 earnings conference call hosted by Dam Capital.
As a reminder, all participant lines will be in the less-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing, then 0 on your restaurant phone.
Please note that this conference is being recorded. I now hand the conference over to Mr. Anmol Garg from Dam Capital.
Thank you and over to you, sir.
Thank you.
Good afternoon, everyone. On behalf of Dam Capital, we welcome you all to Q3 F5 26 conference call of MAPMA India. We have with us Mr. Rakesh Verma, co-founder and Chairman of the company, Mr. Rohan Verma, MD Maples DT Private Limited. Mr. Anu Jan, CFO of the company, Ms. Sapna, Chief Operating Officer, and Mr. Nikhil, President of the Government Business. I'll now hand over the call to Mr.
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