Results · Professional & Local Services

MapmyIndia Q1 net profit rises 6.3% YoY to ₹50.4 Cr

By Startup Enthusiast · 4 August 2026

What they do

Q1 FY27 net profit rose 6.3% YoY to ₹50.4 Cr, while operating revenue grew 14.9% to ₹139.7 Cr

IoT-led revenue surged 75% YoY, and the company secured defence and electric-vehicle contracts

EBITDA margin fell to 40.2% due to product mix change and a one-time ₹4 Cr write-off

MapmyIndia announced its Q1 FY27 results on 4 August 2026.
Consolidated net profit was ₹50.4 Cr, up 6.3% year-on-year from ₹47.4 Cr.
Profit fell 3.4% quarter-on-quarter from ₹52.2 Cr.
Operating revenue was ₹139.7 Cr, up 14.9% year-on-year from ₹121.6 Cr.
Operating revenue dropped 3.6% quarter-on-quarter from ₹145 Cr.
Total income including other income of ₹19.7 Cr was ₹159.4 Cr.
Total expenses rose 26.6% year-on-year to ₹92.9 Cr.
EBITDA was ₹56.1 Cr, nearly flat year-on-year, and EBITDA margin fell to 40.2% from 45.9%.

The margin drop was due to a product mix change and a one-time ₹4 Cr write-off from a government customer.
MapmyIndia's IoT-led business revenue surged 75% year-on-year to ₹41.1 Cr, while map-led business revenue was broadly unchanged at ₹98.7 Cr.
Automotive revenue grew 29% year-on-year to ₹58.8 Cr, driven by new EV and two-wheeler contracts.
In Q1 the company won a contract to build an AI-powered battlefield awareness platform for the defence sector.

MapmyIndia is a geospatial technology company that provides digital maps, geospatial software, and location-based IoT technologies.
Its products include map data, APIs/SDKs, GIS/analytics/AI, IoT/automation, navigation/mobility, and drone services.
It serves enterprise, automotive, government, and consumer verticals.
Its brands include MapmyIndia, Mappls, Navimaps, Intouch, Workmate, NCASE, RealView, eLoc, and Mappls Pin.
Enterprise revenue was ₹64.2 Cr, up 6% year-on-year, helped by new projects in mobility, logistics, banking, manufacturing, telecom, and renewable energy.
Government customer revenue was ₹16.7 Cr, about 12% of quarterly revenue, up 11% year-on-year.