MapMyIndia Reports Q2 FY26 Financial Results

MapMyIndia has revealed its financial performance for the second quarter of FY26. The company, under the aegis of CE Info Systems, showcased a notable revenue growth of 10% year-on-year when compared to Q2 FY25. The revenue from operations for MapMyIndia reached Rs 114 crore in Q2 FY26, an increase from Rs 104 crore in Q2 FY25, as outlined in the consolidated quarterly report obtained from the National Stock Exchange (NSE).

Revenue Breakdown

On a semi-annual basis, MapMyIndia’s operating revenue saw a rise of 15%, hitting Rs 235 crore in Q2 FY26 compared to Rs 205 crore in Q4 FY25. The core revenue streams consisted of income generated from digital map data, GPS navigation, location-based services, and IoT, contributing to 88% of all collections. This segment experienced a 16% surge, reaching Rs 100 crore in Q2 FY26. In contrast, income derived from device sales stood at Rs 14 crore for the quarter ending September 2025.

Cost Analysis

Significant cost factors included expenses related to IoT devices, employee benefits, and outsourced technical services. Notably, the expenditure on technical service outsourcing escalated more than threefold, jumping to Rs 32.6 crore in Q2 FY26 from Rs 10 crore in Q2 FY25. Ultimately, the overall costs for the company increased to Rs 94 crore in Q2 FY26, up from Rs 72.5 crore in Q2 FY25.

Profitability Overview

As expenses outstripped revenue growth, MapMyIndia’s profit witnessed a decline of 38%, dropping to Rs 18.5 crore during Q2 FY26, down from Rs 30 crore in the first quarter of the previous fiscal year. For the six months concluding in September 2025, the company’s profit remained relatively consistent at Rs 64 crore in H1 FY26, compared to Rs 66 crore in H1 FY25.

Market Positioning

As the trading day concluded, MapMyIndia’s shares were priced at Rs 1,818 each, leading to a market capitalization of Rs 9,948 crore (approximately $1.1 billion).