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

02 Dec 2025

BMC Begins Rs 660-Mn Project to Revive Powai Lake Ecosystem

The Brihanmumbai Municipal Corporation (BMC) has launched a Rs 660-million restoration initiative aimed at improving the ecological health of Powai Lake. The project focuses on diverting sewage inflow, establishing a modern sewage treatment plant (STP), and expanding the removal of water hyacinth, which has increasingly overwhelmed the lake’s surface in recent months. The civic body has set an 18-month deadline for completing the works.According to officials, the rapid spread of hyacinth is directly linked to untreated sewage entering the lake, providing a nutrient-rich environment for the i..

Infrastructure Transport

02 Dec 2025

Foundation Laid for Rs 500 Mn Four-lane Road Project in Nalgonda

Roads & Buildings Minister Komatireddy Venkat Reddy inaugurated a major infrastructure initiative in Nalgonda by laying the foundation stone for a Rs 500 million four-lane road project within the town’s municipal limits. The project aims to enhance mobility and ease congestion along a key stretch of the Mahbubnagar–Nalgonda corridor.The new four-lane road will run from the Nagarjunasagar ‘X’ Roads to the Darveshipuram Yellamma Temple, featuring a central median and integrated central lighting to improve road safety and night-time visibility. According to the minister, construction ..

Infrastructure Transport

02 Dec 2025

Maharashtra Clears DPR for 55 Km Uttan–Virar Sea Link Project

The Maharashtra government has approved the Detailed Project Report (DPR) for the Uttan–Virar Sea Link (UVSL), a major infrastructure project that will extend Mumbai’s coastal mobility network and complete the city’s envisioned ring road. Designed as an eight-lane, high-speed corridor, the project will span a total length of 55.12 km, including a 24.35 km sea bridge between Uttan and Virar and close to 31 km of approach roads.According to the DPR, the approach road network will include a 9.32 km connecting stretch at Uttan, a 2.5 km link at Vasai, and an 18.95 km road at Virar. The proje..