MapMyIndia Reports Growth in Revenue and Profit
MapMyIndia, part of C.E. Info Systems, announced a notable 15.8% increase in operating revenue for Q2 FY27 compared to the previous year. The net profit of the company has seen an impressive jump of 85%, reaching Rs 37.52 crore during this quarter.
According to the consolidated financial statements submitted to the National Stock Exchange (NSE), the revenue from operations has risen to Rs 132 crore in Q2 FY27, up from Rs 114 crore in the same period last year. As a cutting-edge technology provider, MapMyIndia specialises in digital mapping, geospatial software, and location-based APIs, catering to enterprises, automotive manufacturers, government entities, developers, and consumers in both the automotive and government domains.
Key Revenue Streams for MapMyIndia
The revenue generated from map data and related services, which includes royalties, subscriptions, software, and project work, continued to be the largest source of income for the company, amounting to Rs 99 crore in Q2 FY27, slightly down from Rs 100 crore in the previous year. In contrast, revenue from hardware device sales has experienced significant growth, more than doubling to Rs 33 crore, up from Rs 14 crore in Q2 FY26.
Additionally, MapMyIndia showcased Rs 16 crore in income from alternative sources, bringing the total income for Q2 FY27 to Rs 148 crore, compared to Rs 124 crore in the same quarter last year.
Expense Overview
On the expenditure front, the cost of materials consumed soared by 71% to Rs 27 crore in Q2 FY27, up from Rs 15.8 crore in Q2 FY26. Employee benefit expenses increased by 31.7%, hitting Rs 25.36 crore compared to Rs 19.26 crore. Meanwhile, the expenses related to outsourced technical services fell by 55.4% to Rs 14.53 crore from Rs 32.58 crore. Other expenses also saw a slight decline of 4.9% to Rs 27 crore.
Overall, MapMyIndia’s total expenses only saw a minor rise of 2.1%, increasing to Rs 96 crore in Q2 FY27, up from Rs 94 crore in the year-ago quarter.
Net Profit Trends
In terms of net profit, the Delhi-based firm reported an 85% year-on-year increase, resulting in Rs 37.52 crore for Q2 FY27, up from Rs 20.27 crore in Q2 FY26.
For the first half of FY27, MapMyIndia realised a 15.5% increase in operating revenue, amounting to Rs 271.5 crore, up from Rs 235 crore in H1 FY26. The net profit surged by 30.1% to Rs 88 crore, compared to Rs 67.65 crore during the same period last year.
As of Wednesday, MapMyIndia’s shares closed at Rs 890.20 each, elevating its market capitalisation to Rs 4,666 crore.