C.E. Info Systems · Material risks, their source context, and severity in the latest available quarter.
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A one-time 4 crore write-off (net 80 lakh P&L impact) from a government client was taken. Management acknowledged government receivables represent the majority of the 176 crore total receivables and emphasized careful tracking due to longer collection cycles.
An analyst (Amar Moria) questioned why the mapled business grew only 6% in Q1 while IoT drove overall growth. Management attributed this to the need to view consolidated results and government seasonality, but acknowledged core business growth should be higher.
IoT services revenue showed sequential decline from 37 crore (Q2 FY26) to 18 crore (Q1 FY27), creating uncertainty on the timing and magnitude of SaaS revenue ramp-up from new hardware deployments. Management attributed this to billing cycle variability rather than business deterioration.
Management explained a previously disclosed large auto OEM issue was not contract reduction but vehicle-level technology decisions causing time shifts, with potential resolution in second half of FY27. The exact timing and vehicle count impact remains uncertain.
