MapmyIndia Q1 PAT Surges 28% YoY TO INR 45.8 Cr

Geotech company MapmyIndia’s net profit rose 28% to INR 45.8 Cr in Q1 FY26 from INR 35.9 Cr in the year-ago quarter. However, profit declined 7% sequentially from INR 49 Cr.

The company’s operating revenue rose 20% to INR 121.6 Cr during the quarter under review from INR 101.5 Cr in Q1 FY25. The top line dipped 15% from INR 143.6 Cr in Q4 FY25.

Including other income component of INR 13.7 Cr, the company’s total income for the quarter rose 21% YoY to INR 135.3 Cr. 

EBITDA grew 31% YoY to INR 55.9 Cr, while EBITDA margin expanded to 46% from 42.1% in the year-ago period.

Along with reporting the financial performance for the quarter, the company also announced investment of INR 25 Cr in quick commerce major Zepto. MapmyIndia said it entered into a strategic business agreement with Zepto in August to provide the latter its SDK & API services.

The company also announced an investment of about INR 25 Cr in subsidiary Gtropy Systems to increase its stake to 96%. It also has a right to purchase the remaining 4% stake in the subsidiary at the same valuation in the coming four years. 

Notably, MapmyIndia’s former CEO Rohan Verma was recently appointed the MD of the subsidiary which provides GPS vehicle tracking solutions to logistics businesses. 

Besides, Verma took charge of another wholly owned defence tech-focussed subsidiary Vidteq, now rebranded to Mappls DT. While there were no updates on either of these businesses, the company said that Mappls DT has now become fully operationalised to serve the “large & fast growing digital transformation and digital twin needs of the government and defence sector”.

The PhonePe-backed company’s mapping business continued to be the star of the show, contributing slightly over INR 114 Cr to MapmyIndia’s top line. The segment, which includes sale of map data, software and projects like MaaS, PaaS and SaaS, saw its operating revenue zoom about 23% from INR 92.6 Cr in the year-ago period.

The geotech company divides its mapping business across two sub-segments – automotive and mobility (A&M) and consumer services and enterprisetech segments (C&E). The C&E segment’s operating revenue grew 16.1% YoY to INR 65.6 Cr in Q1 FY26 as its clientele expanded. The smaller segment, A&M, saw its revenue surge 24.4% YoY to INR 56 Cr. 

With the stable performance in the quarter, MapmyIndia CMD Rakesh Verma asserted confidence in the company’s bid to achieve a revenue goal of INR 1,000 Cr in FY28.

“We made meaningful progress in both new customer acquisitions and deepening engagements with existing clients through up-sell and cross-sell of innovative solutions. Notable wins and go-lives spanned across automotive OEMs, fleet operators, technology startups, traditional enterprises, and various government departments, including defence,” he added.

Shares of MapmyIndia ended today’s session 0.08% higher at INR 1,752.25 on the BSE.