MapmyIndia (CE Info Systems) shares saw a decline of over 7% after the company reported mixed Q2 FY25 results. Despite a 13.8% increase in revenue, reaching ₹103.67 crore from ₹91.08 crore in Q2 FY24, profitability took a hit.
Total income grew to ₹113.59 crore from ₹99.3 crore, but expenses surged to ₹72.53 crore, up from ₹54.58 crore last year.
Profit before tax (PBT) fell slightly to ₹40.7 crore from ₹44.2 crore, while net profit (PAT) dropped by 8.3%, settling at ₹30.35 crore, down from ₹33.09 crore in Q2 FY24.
As of 11:14 am, MapmyIndia (CE Info Systems) shares were trading 7.07% lower at Rs 1,913.00 on the NSE.
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