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.”

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Infrastructure Transport

30 May 2026

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Infrastructure Urban

30 May 2026

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..