MapmyIndia Reports 9.7% YoY Revenue Growth in Q2FY26

12 Nov 2025 CW Team

During the quarter, MapmyIndia reported a revenue from operations of Rs 1.13 billion, an increase of 9.7 per cent year-on-year compared to Rs 1.03 billion in Q2FY25. For the first half of FY26, revenue from operations grew 14.7 per cent year-on-year to Rs 2.35 billion as against Rs 2.05 billion in the same period last year. Total income stood at Rs 2.59 billion in H1FY26 compared to Rs 2.25 billion in H1FY25. EBITDA for the first half was Rs 840 million, registering a 4.7 per cent year-on-year growth despite one-off technical services outsourcing expenses related to a specific government project. Profit after tax (PAT) remained broadly stable at Rs 640.3 million for H1FY26, comparable to the same period last year.

Commenting on the performance, Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said, “Q2 FY26 was a quarter of focused investments as we accelerated innovation and development of our next-generation digital mapping and deep-tech platforms. We are delighted with the rapid growth of our Mappls app, which crossed 40 million downloads, reinforcing its position as India’s leading navigation platform.”

He further added, “We also made significant strides in strategic partnerships and large-scale contracts. Notably, we secured a Rs 1.10 billion contract with Indian Oil Corporation (IOCL) and were awarded a landmark project by the Survey of India to develop the nation’s first National Geo-Spatial Platform—a project of national importance that will unify geospatial data for government and public applications.”

MapmyIndia’s map-led business continued to deliver steady and resilient performance, with revenue growing to Rs 1.60 billion in H1FY26 from Rs 1.51 billion in H1FY25, and maintaining a healthy EBITDA margin of 47.3 per cent. The company’s IoT-led business exhibited strong momentum, with revenue rising to Rs 740.5 million in H1FY26 from Rs 540 million in the corresponding period last year, driven by the growing adoption of connected telematics and mobility solutions. The IoT segment’s EBITDA margin stood at 10.6 per cent, reflecting a one-time cost related to the completion of the acquisition of a 96 per cent stake in its IoT subsidiary, Gtropy.

Looking ahead, MapmyIndia continues to strengthen its core business with robust margins while strategically investing in emerging segments such as IoT, government digital infrastructure, and international joint ventures. Verma concluded, “Our core business remains strong and profitable, and our newer verticals are in the scale-up phase to capture large market opportunities. We remain focused on strategic growth, technological leadership, and delivering sustainable long-term value for all stakeholders.”

C.E. Info Systems (MapmyIndia), India’s leading provider of advanced digital maps and deep-tech products and platforms, today announced its financial results for the second quarter and first half of FY2026, ended September 30, 2025.During the quarter, MapmyIndia reported a revenue from operations of Rs 1.13 billion, an increase of 9.7 per cent year-on-year compared to Rs 1.03 billion in Q2FY25. For the first half of FY26, revenue from operations grew 14.7 per cent year-on-year to Rs 2.35 billion as against Rs 2.05 billion in the same period last year. Total income stood at Rs 2.59 billion in H1FY26 compared to Rs 2.25 billion in H1FY25. EBITDA for the first half was Rs 840 million, registering a 4.7 per cent year-on-year growth despite one-off technical services outsourcing expenses related to a specific government project. Profit after tax (PAT) remained broadly stable at Rs 640.3 million for H1FY26, comparable to the same period last year.Commenting on the performance, Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said, “Q2 FY26 was a quarter of focused investments as we accelerated innovation and development of our next-generation digital mapping and deep-tech platforms. We are delighted with the rapid growth of our Mappls app, which crossed 40 million downloads, reinforcing its position as India’s leading navigation platform.”He further added, “We also made significant strides in strategic partnerships and large-scale contracts. Notably, we secured a Rs 1.10 billion contract with Indian Oil Corporation (IOCL) and were awarded a landmark project by the Survey of India to develop the nation’s first National Geo-Spatial Platform—a project of national importance that will unify geospatial data for government and public applications.”MapmyIndia’s map-led business continued to deliver steady and resilient performance, with revenue growing to Rs 1.60 billion in H1FY26 from Rs 1.51 billion in H1FY25, and maintaining a healthy EBITDA margin of 47.3 per cent. The company’s IoT-led business exhibited strong momentum, with revenue rising to Rs 740.5 million in H1FY26 from Rs 540 million in the corresponding period last year, driven by the growing adoption of connected telematics and mobility solutions. The IoT segment’s EBITDA margin stood at 10.6 per cent, reflecting a one-time cost related to the completion of the acquisition of a 96 per cent stake in its IoT subsidiary, Gtropy.Looking ahead, MapmyIndia continues to strengthen its core business with robust margins while strategically investing in emerging segments such as IoT, government digital infrastructure, and international joint ventures. Verma concluded, “Our core business remains strong and profitable, and our newer verticals are in the scale-up phase to capture large market opportunities. We remain focused on strategic growth, technological leadership, and delivering sustainable long-term value for all stakeholders.”

Real Estate

05 May 2026

Dubai Real Estate Sales Reach AED48 Billion

Dubai’s real estate market recorded 13,977 sales transactions worth AED48 billion in April 2026, reflecting continued resilience across residential and commercial segments.According to a market update by fäm Properties, sales volume rose 3.5 per cent month-on-month compared to March, while total sales value increased by 10.7 per cent. The commercial sector, including offices and shops, recorded the strongest growth, with 561 transactions valued at AED4 billion, up 33.9 per cent year-on-year and 36.2 per cent month-on-month.Apartment sales rose 6.5 per cent month-on-month to 11,377 transacti..

Real Estate

05 May 2026

Casagrand Launches 35-Acre Hyderabad Project

Casagrand has launched Casagrand Vybe, its largest residential project in Hyderabad, spread across 35 acres in Rajendra Nagar. The launch marks the company’s fifth residential rollout in 2026 and strengthens its expansion momentum in the city.As part of its Hyderabad growth strategy, Casagrand is adding 3.98 million sq ft of residential space to its portfolio. Since entering the Hyderabad residential market in 2023, the company has scaled its presence with projects across key micro-markets. In 2025, it launched four projects — Casagrand Evon, Casagrand Windsor Court, Casagrand Belair and C..

Technology

05 May 2026

Bentley Event Spotlights AI Infrastructure

Bentley Systems recently hosted Illuminate Mumbai 2026, bringing together infrastructure leaders, policymakers, technology experts and academia to discuss how AI-driven engineering and digital twins can accelerate India’s journey towards Viksit Bharat 2047.The event focused on scaling intelligent and connected infrastructure ecosystems beyond digital adoption. Discussions covered the use of infrastructure AI, open data environments and digital twin technologies to improve project delivery, sustainability and long-term asset performance across key sectors.Kamalakannan Thiruvadi, Regional Exec..