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Key Points

MapMyIndia saw a 6.5% quarterly profit decline to ₹45.8 crore in Q1 FY26. Revenue slipped 15% sequentially but showed 21% annual growth. The company's core mapping business remained strong, contributing 93% of total income. Meanwhile, MapMyIndia made strategic investments in IoT and quick commerce to fuel future growth.

Key Points: MapMyIndia Q1 Profit Dips 6.5% as Revenue Falls 15% Sequentially

  • Q1 net profit fell to ₹45.8 crore from ₹49 crore in Q4 FY25
  • Revenue dropped 15% QoQ but grew 21% YoY
  • Core mapping business contributed 93% of total revenue
  • Company invested ₹50 crore in IoT subsidiary and Zepto
2 min read

MapMyIndia's Q1 profit falls 6.5 pc sequentially, revenue slips

MapMyIndia reports Q1 FY26 net profit of ₹45.8 crore, down 6.5% QoQ, with revenue declining 15% to ₹122 crore amid rising IoT investments.

"Despite quarterly dips, our core mapping business grew 23% YoY, reflecting strong fundamentals - MapMyIndia regulatory filing"

Mumbai, Aug 7

CE Info Systems, the parent company of digital mapping and location technology firm MapMyIndia, on Thursday reported a 6.5 per cent drop in net profit quarter-on-quarter (QoQ) for the first quarter (Q1) of FY26.

The company’s net profit declined to Rs 45.81 crore in Q1 FY26, down from Rs 49.02 crore in Q4 FY25, according to its stock exchange filing.

MapMyIndia’s revenue from operations also slipped 15 per cent on a sequential basis, falling to Rs 122 crore in Q1 from Rs 144 crore in the previous quarter.

However, compared to the same period previous year, the company showed a 21 per cent growth in revenue, which stood at Rs 101 crore in Q1 FY25.

Most of MapMyIndia’s income came from its core digital mapping and GPS services business, which includes digital map data, location-based services, and Internet of Things (IoT) solutions.

This segment contributed 93 per cent of the company’s revenue and grew 23 per cent year-on-year to Rs 114 crore.

Meanwhile, device sales brought in Rs 8 crore during the quarter, the company said in its regulatory filing.

The company’s total costs rose to Rs 73 crore in Q1 FY26, compared to Rs 64 crore in the same quarter previous year.

Increased spending on IoT hardware, employee benefits, and outsourced technical services contributed to the higher cost base.

Despite the dip in profit and revenue on a quarterly basis, MapMyIndia’s earnings before interest, tax, depreciation, and amortisation (EBITDA) for the quarter stood strong at Rs 68 crore.

During the quarter, the company also made key investments to strengthen its long-term growth.

It invested Rs 25 crore to increase its stake in its IoT subsidiary Gtropy Systems from 75.98 per cent to 96 per cent -- reaffirming its focus on fleet management and telematics.

Another Rs 25 crore was invested in Zepto, giving MapMyIndia a 0.049 per cent stake in the fast-growing quick commerce startup.

At market close on Thursday, MapMyIndia’s stock was priced at Rs 1,759.9 per share, with a total market capitalisation of Rs 10,040 crore, or approximately $1.09 billion.

- IANS

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Reader Comments

P
Priya S
The investments in IoT and Zepto show good long-term vision. Short-term dips happen, but I trust this company's management. Their maps are far better than Google Maps for Indian roads anyway!
A
Aman W
As a shareholder, I'm slightly concerned about the rising costs. Employee benefits and IoT hardware are important, but they need to control expenses better. Hope the management addresses this in the next earnings call.
S
Sarah B
Interesting to see them investing in Zepto! Quick commerce is booming in India. Smart move to diversify beyond just mapping services. The Indian startup ecosystem needs more strategic partnerships like this.
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Vikram M
Their core mapping business is still growing strong at 23% YoY. That's the key takeaway for me. The quarterly fluctuations will balance out. Make in India success story in the tech space 🇮🇳
K
Kavya N
The EBITDA numbers look healthy despite the profit drop. Shows the company has strong fundamentals. I use their Mappls app daily - much more accurate for Indian addresses than foreign alternatives!

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