C.E. Info Systems Ltd — Q1 FY27 earnings call
Summary generated by AI from the official transcript C.E. Info Systems Ltd filed with BSE on 08 Aug 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
C.E. Info Systems reported Q1 FY27 revenue up 14.9% year-on-year to INR139.7 crores, with EBITDA of INR56.1 crores at a 40.2% margin and PAT up 8.6% to INR49.7 crores. Management attributed part of the EBITDA margin impact to a onetime INR4 crores write-off related to a government client. The company also announced a change in its market segment reporting framework to Automotive, Enterprise and Government, and confirmed Rohan Verma's appointment as Joint Managing Director.
Numbers mentioned
Revenue: INR139.7 crores (Q1 FY27)
p. 3
“we had Q1 FY27 revenue is up by 14.9% year-on-year to INR139.7 crores”
Rakesh Kumar Verma, page 3 of the filed PDF · View the filing
EBITDA: INR56.1 crores (Q1 FY27)
p. 3
“EBITDA at INR 56.1 crores, with EBITDA margin at 40.2%”
Rakesh Kumar Verma, page 3 of the filed PDF · View the filing
PAT: INR49.7 crores (Q1 FY27)
p. 3
“PAT is up 8.6% to INR49.7 crores, with PAT margin at 31.2%”
Rakesh Kumar Verma, page 3 of the filed PDF · View the filing
Automotive segment revenue: INR59 crores (Q1 FY27)
p. 5
“from INR26 crores in Q1 FY25 to INR46 crores in Q1 FY26 to INR59 crores in Q1 FY27”
Rohan Verma, page 5 of the filed PDF · View the filing
Automotive segment revenue: INR190 crores (FY26)
p. 6
“it was INR182 crores in FY25, became INR190 crores in FY26”
Rohan Verma, page 6 of the filed PDF · View the filing
Map-led revenue: INR98.7 crores (Q1 FY27)
p. 6
“Map-led went from INR98.2 crores to INR98.7 crores, and IoT-led went from INR23.4 crores to INR41 crores”
Rohan Verma, page 6 of the filed PDF · View the filing
Enterprise segment revenue: INR64 crores (Q1 FY27)
p. 7
“Enterprise has grown from INR60.6 crores to INR64 crores, which is a 6% jump”
Rohan Verma, page 7 of the filed PDF · View the filing
Open order book: INR1,750 crores (FY26 end)
p. 7
“what we had disclosed at end of Q4 or FY26 was an open order book of INR1,750 crores”
Rohan Verma, page 7 of the filed PDF · View the filing
Total receivables: INR176 crores (FY26 end)
p. 9
“INR176 crores was the total at the end of FY26”
Rohan Verma, page 9 of the filed PDF · View the filing
One-time write-off: INR4 crores gross, INR80 lakhs net (Q1 FY27)
p. 6
“the impact has been almost like an INR4 crores. But the net effect of that is only INR80 lakhs as far as the P&L is concerned”
Rakesh Kumar Verma, page 6 of the filed PDF · View the filing
EBITDA margin excluding write-off: 43% plus (Q1 FY27)
p. 6
“Had that not happened, our EBITDA would have been, instead of 40.2%, it would have been 43% plus”
Rakesh Kumar Verma, page 6 of the filed PDF · View the filing
IoT-led hardware revenue: INR23 crores (Q1 FY27)
p. 10
“you're seeing that reflected in the hardware, which is INR7 crores to INR23 crores”
Rohan Verma, page 10 of the filed PDF · View the filing
IoT services revenue: INR18 crores (Q1 FY27)
p. 11
“Q1 to Q1 is INR16.3 crores to INR18 crores”
Rohan Verma, page 11 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
EBITDA margin — 35% plus · full year
stated firmly by Rakesh Kumar Verma
p. 6
“we have kept a target for us to do a 35% plus for the whole year”
Rakesh Kumar Verma, page 6 of the filed PDF · View the filing
International business — medium-term
stated as an aspiration by Rohan Verma
p. 12
“it is interesting, exciting market from a medium-term point of view”
Rohan Verma, page 12 of the filed PDF · View the filing
Automotive segment growth — FY27
stated as an aspiration by Rohan Verma
p. 13
“the objective is to keep winning more orders and to execute on the orders”
Rohan Verma, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the business is diversified across products and segments and that looking at any single vertical would not give a true picture.
Answered by Rakesh Kumar Verma
Asked by Amar Maurya: Why is core Map-led business growth flat while IoT is driving growth, impacting profitability?
p. 7
“we are so welldiversified that our risk gets minimized”
Rakesh Kumar Verma, page 7 of the filed PDF · View the filing
Management explained the write-off hit other expenses while the corresponding payment saved appeared as other income below EBITDA.
Answered by Rakesh Kumar Verma
Asked by Gautam Rathi: Why does the write-off show an 80 lakh net P&L impact but a 4% EBITDA margin impact in the presentation?
p. 10
“that write-off that happened has gone into the other expense and that -- the payback, what we don't have to make the payment has gone as an other income”
Rakesh Kumar Verma, page 10 of the filed PDF · View the filing
Management said it is not seasonality but a function of varying billing cycles across customers.
Answered by Rohan Verma
Asked by Gautam Rathi: Is there a quarterly seasonality in IoT services revenue?
p. 11
“our billing cycles for services varies. It might be yearly also, it might be 2 yearly also, or it might be monthly, or it might be quarterly, or it might be 6 monthly”
Rohan Verma, page 11 of the filed PDF · View the filing
Management said government receivables cycles are longer and they are carefully tracking and course-correcting.
Answered by Rohan Verma
Asked by Amit Chandra: What portion of receivables comes from government contracts and is there further write-off risk?
p. 9
“we also have to be careful and I think that's some of the things that we are looking at very carefully -- continuing to look carefully and we do course corrections as part of that”
Rohan Verma, page 9 of the filed PDF · View the filing
Management confirmed the mix for the quarter was different, reflected in hardware versus services split.
Answered by Rohan Verma
Asked by Doshi: Is the lower EBITDA margin due to a shift in product mix toward IoT hardware?
p. 15
“the mix is different. Yes, you are right. The mix for this particular quarter was different”
Rohan Verma, page 15 of the filed PDF · View the filing
Risks flagged
OEM decisions to delay or not include full technology in vehicles, time-shifting Automotive revenue
p. 5
“the OEM has decided not to have the entire technology, not just ours, but the technology all related to that, not to put into the vehicle at last year”
Rakesh Kumar Verma, page 5 of the filed PDF · View the filing
Longer receivables cycle and collection risk in government contracts
p. 9
“It is a longer cycle on Government than on the Automotive and Enterprise”
Rohan Verma, page 9 of the filed PDF · View the filing
One-time write-off of government client receivable due to certainty of non-recovery
p. 9
“when we were 100% sure that it won't -- it will never be able to get that revenue, we decided that it's better to do the write-off”
Rakesh Kumar Verma, page 9 of the filed PDF · View the filing
Risk of bad receivables in digital twin/government opportunities as seen in peer companies
p. 15
“We have seen that issue play out in the peer companies, and we want to be careful there”
Rohan Verma, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.