MapmyIndia Q1FY26 Revenue Up 19.8% YoY

C.E. Info Systems Ltd., commonly known as MapmyIndia and operating under the Mappls brand, has released its consolidated financial results for the first quarter of fiscal year 2026, ending June 30, 2025.

The company reported a 19.8% year-on-year increase in revenue from operations, which reached ₹121.6 crore, up from ₹101.5 crore in the same period last year. Total income for the quarter stood at ₹135.3 crore, reflecting a 21.2% growth compared to ₹111.6 crore in Q1FY25.

Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter were ₹55.9 crore, a 30.6% rise from ₹42.8 crore in Q1FY25, resulting in an EBITDA margin of 46.0%, up from 42.1% the previous year. Profit after tax (PAT) was recorded at ₹45.8 crore, marking a 27.7% increase from ₹35.9 crore in the corresponding quarter of the prior fiscal year. The PAT margin improved to 33.9% from 32.1%.

As of the end of the quarter, the company held ₹676.9 crore in cash and cash equivalents, including financial investments, compared to ₹552.3 crore in the previous year.

MapmyIndia attributed much of its growth to its map-led business, which saw a 26% year-on-year increase in revenue and delivered an EBITDA margin of 54.8%, up from 50.1% in Q1FY25. The company also announced an increase in its stake in its IoT subsidiary, GTropy Systems Private Limited, from 75.98% to 96.00%, signaling continued commitment to expanding its IoT capabilities.

The company’s wholly owned subsidiary, Mappls DT Private Limited, has been fully operationalized to support digital transformation and digital twin initiatives for government and defense sector clients.

In sector-specific performance, the Automotive & Mobility Tech (A&M) segment recorded a 24.4% year-on-year revenue increase, driven by demand for advanced automotive solutions. The Consumer Tech & Enterprise Digital Transformation (C&E) segment grew by 16.1% compared to the same quarter last year. The company reported progress in acquiring new clients and expanding engagements with existing customers across industries, including automotive OEMs, fleet operators, startups, enterprises, and government departments.

MapmyIndia has been advancing its development of live high-definition (HD) maps, moving beyond standard 2D and 3D maps to support use cases in autonomous driving and lane-level navigation. In August 2025, the company entered a strategic business agreement with Zepto, a quick commerce platform, to integrate MapmyIndia’s SDKs and APIs to enhance delivery logistics and customer experience. On the same date, MapmyIndia’s board approved a ₹25 crore strategic investment in Zepto, aimed at strengthening its footprint in the rapidly growing quick commerce sector.

The company continues to serve a wide range of clients across B2B and B2B2C segments, with over 2,000 customers since inception. Its offerings include digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS), supported by proprietary map data, IoT solutions, and geospatial platforms. Mappls provides services across navigation, logistics optimization, fleet management, connected vehicles, and enterprise digital transformation.

MapmyIndia’s consumer offerings include the Mappls app—available via web and mobile platforms—and Mappls Gadgets, which offers IoT-enabled devices such as vehicle trackers, dashcams, and navigation systems for cars and two-wheelers.

Looking ahead, the company expressed confidence in its long-term growth trajectory, citing its scalable business model and strategic focus. While acknowledging the strong performance in the first quarter, the company emphasized that its business is best evaluated on an annual basis due to inherent quarterly variability.