India's C.E. Info Systems drops on sequential profit fall

CE Info Systems

05/08/2026 07:01

** C.E. Info Systems CEIF.NS falls 5.8% to 1,073.1 rupees
** Digital maps provider's Q1 consol net profit falls 2% Q/Q; rev down 3.7%
** Y/Y, PAT up 8.6%, rev up 14.9%
** Ambit Capital says lower government revenue and one-time 40 million rupee (around $420,600) government client write-off weighed on earnings
** Centrum says co's near-term growth moderation keeps it cautious despite favourable structural tailwinds from government digitisation, AI, IoT, connected mobility
** Stock rated "buy" on avg; median PT 1,240 rupees - data compiled by LSEG
** Stock down 37.9% YTD
     

($1 = 95.0900 Indian rupees)


 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com))