Results · Professional & Local Services

MapmyIndia Q3 net profit falls 42% to ₹18.8 Cr

By Startup Enthusiast · 13 February 2026

What they do

MapmyIndia makes digital maps and location-based tools for businesses and government

It reported Q3 FY26 net profit of ₹18.8 Cr, down 42% from a year ago, with operating revenue at ₹93.7 Cr

The company expects stronger Q4 growth and maintains its full-year EBITDA margin guidance of 35%

MapmyIndia reported its Q3 FY26 results on 13 February 2026.
Net profit fell to ₹19 Cr, down about 42% from ₹32 Cr in the same quarter last year.
Operating revenue dropped 18% to ₹94 Cr from ₹114.5 Cr a year ago.
EBITDA was ₹26.8 Cr, down 36% from ₹41.7 Cr, with margin contracting to 28.6% from 36.4%.
Total expenses fell 6% to ₹75 Cr, but employee costs rose 13% to ₹23.7 Cr.
Income from digital map data and services was ₹78 Cr, down 23.5%, making up 83% of total revenue.
The board approved acquiring a 20% stake in Prashant Advanced Survey LLP for ₹2 Cr to build next-gen HD maps.
The company attributed the weak quarter to seasonality and expects stronger Q4 FY26 revenue growth.

The profit decline comes despite a 6% drop in total expenses, showing revenue fell faster than costs.
Employee costs rose 13% even as the company cut technical outsourcing by 38%, indicating a shift in strategy.
The 9-month operating revenue of ₹329 Cr is still up 3% year-on-year, suggesting a temporary slowdown.
The company maintained its full-year EBITDA margin guidance of 35%, signalling confidence in recovery.

MapmyIndia makes detailed digital maps and location-based software for businesses and government.
Its products include Map Data, APIs, GIS/Analytics/AI, IoT, Navigation, and Drone Services.
It serves automotive companies, government departments including the Indian Army, and enterprises.
It operates the Mappls consumer navigation app with features like eLoc digital addresses and RealView 360° street images.
The company was founded in 1995 and is the parent company CE Info Systems.
It is expanding globally with Mappls Explore.

Expects stronger Q4 FY26 revenue growth compared to Q4 FY25.
Maintains full-year EBITDA margin guidance of 35%.
Acquiring 20% stake in Prashant Advanced Survey LLP to build next-gen HD maps for the entire country.