CE Info Systems

CE Info Systems Ltd CEIF.NS:

• CE INFO SYSTEMS MARCH-QUARTER CONSOL NET PAT 507.7 MILLION RUPEES

• CE INFO SYSTEMS MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.45 BILLION RUPEES

• CE INFO SYSTEMS LTD DECLARES DIVIDEND OF 3.5 RUPEESPER SHARE

Source text: ID:nnAZN4SX705

Further company coverage: CEIF.NS

** CE Info Systems CEIF.NS falls 5.5% to 1,167 rupees, lowest since June 2023

** Co's December-quarter consol net profit slips 42% y/y; rev falls 18%

** Trading vols at 121,141, 1.2x the 30-day average

** Stock rated "buy" on avg; median PT is 2,130 rupees, per data compiled by LSEG

** CEIF down ~32% YTD

(Reporting by Brijesh Patel in Bengaluru)

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Feb 13 (Reuters) - CE Info Systems Ltd CEIF.NS:

• CE INFO SYSTEMS- TO MAKE 20 MILLION RUPEES INVESTMENT FOR BECOMING PARTNER OF 20% IN PRASHANT ADVANCED SURVEY

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Oct 31 (Reuters) - CE Info Systems Ltd CEIF.NS:

• DMRC SIGNS MOU WITH MAPPLS MAPMYINDIA FOR METRO DATA INTEGRATION

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By Arpan Chaturvedi

NEW DELHI, Oct 3 (Reuters) - Three cabinet colleagues of Indian Prime Minister Narendra Modi are promoting use of apps by domestic rivals to Google Maps, WhatsApp and Microsoft, in the strongest backing yet for "Made in India" products amid trade tension with the United States.

After the United States imposed a 50% tariff on Indian imports in August, Modi has pushed for use of "swadeshi" products, or those made in India.

While many industry executives have made public calls to support Indian products, Modi made a direct appeal last month for Indians to scrap daily use of foreign goods.

Information technology minister Ashwini Vaishnaw gave a media presentation on highway projects this week he said was put together employing Zoho, a domestic rival to Microsoft's PowerPoint, and without use of Google Maps.

"The map is from MapmyIndia, not Google Maps," the minister said with a smile, referring to an Indian provider. "It's looking nice, right? Swadeshi."

Last week, Vaishnaw made a video clip testing Zoho software and asked people to adopt indigenous products in a post on X that drew 6.2 million views.

ASPIRATIONAL UPGRADE

American brands are everywhere in India, and they are seen as an aspirational upgrade by millions.

While government and private offices use Microsoft MSFT.O products, many travellers rely on Google Maps to find their way about, and WhatsApp counts India as its biggest market, with more than 500 million users.

The three U.S. companies did not respond to Reuters requests for comment.

Zoho offers cheaper alternatives to cloud-based software tools made by Microsoft. The Indian firm's billionaire co-founder, Sridhar Vembu, is famed for an unconventional approach of locating business operations in rural villages.

The firm's messaging app, Arattai, or "chat" in India's southern Tamil language, has gained sudden popularity, thanks to the efforts of Commerce Minister Piyush Goyal and Education Minister Dharmendra Pradhan.

"So proud to be on @Arattai, a #MadeInIndia messaging platform that brings India closer," Goyal said in an X post this week.

There were more than 400,000 downloads of the app last month, compared to fewer than 10,000 in August, data from market intelligence firm Sensor Tower shows. Its daily active users crossed 100,000 on September 26, an increase of 100% on the day.

TOUGH TO REPLACE GLOBAL BRANDS

Indian companies find it difficult to replace global brands, since they often cannot match their financial clout and reach.

In 2021, Indian ministers promoted X-like social media platform Koo amid compliance-related disagreements with the American platform. But the Indian company shut last year for lack of funding.

"Only state patronage will not be enough," warned Dilip Cherian, a co-founder of Indian public relations firm Perfect Relations.

"What brands like Zoho need to succeed is a unique differentiating factor, deep pockets and strong protection against survelliance."

(Reporting by Arpan Chaturvedi; Editing by Aditya Kalra and Clarence Fernandez)

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March 25 (Reuters) - CE Info Systems Ltd CEIF.NS:

• CE INFO SYSTEMS - CLARITYX AI LAUNCHES 'PLACES PULSE' SEARCH ANALYTICS TOOL

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Jan 17 (Reuters) - CE Info Systems Ltd CEIF.NS:

• CE INFO SYSTEMS - QUALCOMM ENTERS STRATEGIC COLLABORATION WITH MAPMYINDIA

• CE INFO SYSTEMS - COLLABORATION TO OFFER CONNECTIVITY SOLUTIONS FOR 4W AND 2W SEGMENTS

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Jan 2 (Reuters) - CE Info Systems Ltd CEIF.NS:

• CE INFO SYSTEMS LTD - HOLDING IN INDRONES SOLUTIONS DILUTED TO 19.97%

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Dec 9 (Reuters) - Indian digital map provider CE Info Systems CEIF.NS on Monday said it has reversed its earlier decision of investing about 350 million rupees ($4.13 million) in a new company floated by its outgoing CEO, after receiving investor feedback.

($1 = 84.6780 Indian rupees)

(Reporting by Sethuraman NR; Editing by Sonia Cheema)

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** Shares of CE Info systems CEIF.NS slide 7.6%, top loser in the Nifty 500 index .NIFTY500

** Digital maps and geospatial software provider is down for the second session, losing 11%

** Co said last week CEO Rohan Verma will step down and start a new company in which CEIF will take 10% stake, investing 350 million rupees ($4.13 million)

** The only grudge investors could have is departure of Rohan from CEO position, JM Financial said in a note

** Relatively unexposed leadership cadre could unnerve investors, brokerage added

** CEIF down 20% YTD vs an 18% gain in Nifty 500 YTD

($1 = 84.7450 Indian rupees)

(Reporting by Sethuraman NR in Bengaluru)

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Nov 29 (Reuters) - CE Info Systems Ltd CEIF.NS:

• TO INVEST 30 MILLION RUPEES TO BUY 9.37% STAKE IN SIMDAAS AUTONOMY

• TO INVEST 20 MILLION RUPEES TO BUY 19.84% STAKE IN KAIINOS GEO SPATIAL TECH

• BOARD APPROVED PROPOSAL OF SEPARATE B2C BUSINESS CO

• ROHAN VERMA TO DISCONTINUE AS CEO FROM MARCH 31, 2025

Source text: ID:nBSEbvhk34

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** Shares of CE Info Systems CEIF.NS fall 7% to 1,914.90 rupees, set for worst day since May 2022

** Digital maps and geospatial software provider reports an 8% fall in Sept-qtr consol net profit at 303.3 mln rupees ($3.6 mln), hurt by higher expenses

** Q2 rev from ops rose ~14%

** More than 163,000 shares change, about 2x the 30-day average

** At least three out of seven analysts covering CEIF have cut PT post results while one has raised; Avg rating at "buy"; median PT is 2,600 rupees - LSEG data

** Stock down ~2% so far this year vs a ~3% fall in peer Infobeans Technologies IFOB.NS

($1 = 84.3800 Indian rupees)

(Reporting by Dimpal Gulwani in Bengaluru)

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Nov 8 (Reuters) - CE Info Systems Ltd CEIF.NS:

• SEPT-QUARTER CONSOL NET PROFIT 303.3 MILLION RUPEES

• SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 1.04 BILLION RUPEES

• APPROVED INCORPORATION OF JV IN INDONESIA BETWEEN CO AND HYUNDAI AUTOEVER

• APPROVED INVESTMENT OF $4 MILLION FOR ACQUIRING 40% STAKE IN PROPOSED JV

• APPROVED TO FURTHER INVEST $0.5 MILLION IN SUBSIDIARY C.E. INTERNATIONAL INC., USA

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Sept 12 (Reuters) - CE Info Systems Ltd CEIF.NS:

• MAPPLS MAPMYINDIA PARTNERS WITH ZOOMCAR

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** Shares of CE Info Systems CEIF.NS rise 5.1% to 2,338.30 rupees

** Digital maps and geospatial software provider posts 11.2% rise in June-qtr consol net profit; rev from ops rose 13.5%

** CEIF on track for second straight session of gains

** Avg rating of six analysts covering the stock at "buy"; median PT is at 2,152 rupees - LSEG data

** Stock up ~19% YTD; it jumped 87% in 2023

(Reporting by Dimpal Gulwani in Bengaluru)

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Aug 9 (Reuters) - CE Info Systems Ltd CEIF.NS:

• JUNE-QUARTER CONSOL NET PROFIT 358.2 MILLION RUPEES

• JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 1.01 BILLION RUPEES

Source text for Eikon: ID:nBSE4zFC8T

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** Shares of CE Info Systems Ltd CEIF.NS down 3.9% at 2,319 rupees

** More than 107,000 shares change hands in two block deals, both at a discount to last close - National Stock Exchange of India data

** Overall, around 400,000 shares traded, roughly close to 30-day avg volume

** Local media reports say mapping services' founder and top shareholder Rakesh Kumar Verma will sell 0.9% stake on Wednesday at base price of 2,293.20 rupees/shr - discount of 5% to previous close

** Analysts rate CEIF "buy" on avg; median PT is 2,034 rupees - LSEG data

** Stock trims YTD gains to 20%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

** Shares of CE Info Systems Ltd CEIF.NS up 20% at record 2,409.65 rupees

** Stock set for best day on record

** Goldman Sachs begins coverage of digital mapping firm with "buy" and street-high PT of 2,800 rupees

** Brokerage says CEIF poised to benefit from rise in connected vehicles that could see higher growth for its more profitable internet of things (IoT) business

** IoT business will help maintain high EBITDA margins in range of 38%-41%, drive revenue CAGR of 38% between FY24-27 - Goldman

** Four of five analysts tracking CEIF rate it "buy" or higher, one rates it "sell" - LSEG data

** Over 3.2 mln shares traded in stock's busiest session since January 2022 vs 30-day avg volume of 90,000 shares

** Stock extends YTD gains to ~24%

(Reporting by Nandan Mandayam in Bengaluru)

(([email protected]; Mobile: +91 9591011727;))

May 13 (Reuters) - CE Info Systems Ltd CEIF.NS:

• DIVIDEND 3.50 RUPEES PER SHARE

• MARCH-QUARTER CONSOL NET PROFIT 379.4 MILLION RUPEES VERSUS PROFIT 280.2 MILLION RUPEES

• MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 1.07 BILLION RUPEES VERSUS 724.7 MILLION RUPEES

Source text for Eikon: ID:nBSE1QDsNk

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** Shares of CE Info Systems CEIF.NS rise as much as 5.6% to 2,078 rupees, biggest pct gain since Nov. 23

** Map data services provider said on Friday it got order worth 4 bln rupees ($48.12 million) from Hyundai and Kia Cars original equipment manufacturer business in India

** More than 222,000 shares change hands, 1.5x its 30-day avg

** CEIF trading above its 200-day simple moving average since July

** Stock gained ~87% in 2023, its best yearly gain since listing in Dec. 2021

($1 = 83.1320 Indian rupees)

(Reporting by Ashna Teresa Britto in Bengaluru)

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Nov 27 (Reuters) - CE Info Systems Ltd CEIF.NS:

• RAISING OF FUNDS VIA ISSUANCE OF SHARES WORTH UPTO 5 BILLION RUPEES

Source text for Eikon: ID:nBSE6h9GrZ

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Nov 22 (Reuters) - CE Info Systems Ltd CEIF.NS:

• TO CONSIDER PROPOSAL OF RAISING FUNDS

• TO CONSIDER RAISING FUNDS VIA ISSUANCE OF SHARES

Source text for Eikon: ID:nBSE8VYV66

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** Shares of map data services provider CE Info Systems CEIF.NS rise as much as 6.2% to 2,211 rupees

** CEIF on Tuesday said its consolidated net PAT rose 30% to 330.4 million rupees ($3.97 million) in September quarter

** More than 650,000 shares change hands by 11:26 a.m. IST, 2x the 30-day avg

** Stock up ~107% YTD, including day's gains so far

($1 = 83.2770 Indian rupees)

(Reporting by Anisha Ajith in Bengaluru)

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Oct 31 (Reuters) - CE Info Systems Ltd CEIF.NS:

• INDIA'S CE INFO SYSTEMS LTD SEPT-QUARTER CONSOL NET PAT 330.4 MILLION RUPEES VERSUS PROFIT 254.1 MILLION RUPEES

• CE INFO SYSTEMS LTD SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 910.8 MILLION RUPEES VERSUS 763.1 MILLION RUPEES

Source text for Eikon: ID:nBSE9QXXzc

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Sept 1 (Reuters) - CE Info Systems Ltd CEIF.NS:

• APPROVED FURTHER ACQUISITION OF 35,000 CCPS AT RUPEES 2571 PER CCPS OF KOGO TECH LABS FOR 90 MILLION RUPEES

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** Shares of CE Info Systems CEIF.NS rise as much as 6.85% to a 15-month high of 1,642.50 rupees

** Digital maps and geospatial technology services provider posts 33.2% YoY rise in consolidated net profit after tax in June quarter

** Revenue jumps 37.53% to 894.1 mln rupees

** Stock's relative strength index has been above 70 since July 12, suggesting it may be overbought - Refinitiv data

** Trading volume is over 230,000 shares as of 10:39 a.m. IST, 1.2x the 30-day avg - Refinitiv data

** Including session's gains, CEIF up 54% in 2023 so far, compared to 8.11% rise in Nifty 50 .NSEI

(Reporting by Bharath Rajeswaran in Bengaluru)

(([email protected]; +91 9769003463))

Aug 4 (Reuters) - CE Info Systems Ltd CEIF.NS:

• INDIA'S CE INFO SYSTEMS LTD JUNE-QUARTER CONSOL NET PAT 322.2 MILLION RUPEES VERSUS PROFIT 241.9 MILLION RUPEES

• CE INFO SYSTEMS LTD JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 894.1 MILLION RUPEES VERSUS 650.1 MILLION RUPEES

Source text for Eikon: [ID:]

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