MapMyIndia Reports Strong Financial Performance in Q1 FY27

C.E. Info Systems, the parent entity of MapMyIndia, announced its financial results for Q1 FY27 today. The firm experienced a 15% increase in operating revenue compared to the previous year, although profit levels remained stable at Rs 50.4 crore. As per the consolidated financial statements submitted to the National Stock Exchange (NSE), operational revenue grew from Rs 121.6 crore in the same quarter last year to Rs 139.7 crore in Q1 FY27.

Overview of MapMyIndia’s Offerings

MapMyIndia operates as a deep-tech firm, delivering digital maps, geospatial software, location-based APIs, IoT solutions, and mapping platforms for various sectors including enterprises, automotive, government agencies, developers, and individual consumers. The company caters to a diverse range of clients, providing innovative mapping and geospatial solutions tailored for automakers, businesses, and public sector organisations.

Revenue Breakdown

Revenue generated from map data and associated services, covering royalties, subscriptions, software, and projects, remained the top income source for the company, amounting to Rs 114 crore, a figure that remained relatively unchanged year-on-year. Conversely, revenue from sales of hardware devices experienced remarkable growth, surpassing three times, rising to Rs 23.1 crore in Q1 FY27 from Rs 7.6 crore in the corresponding period last year.

Additional Income Sources

MapMyIndia also accrued Rs 19.65 crore from non-operational aspects, contributing to a total income of Rs 159.4 crore for the quarter. However, there was a slight sequential drop of 2% from the total income of Rs 162.8 crore recorded in Q4 FY26.

Expenditure Insights

The company’s largest expense stemmed from employee benefits, accounting for over 27% of total costs, remaining stable at Rs 25.6 crore. Following this, material costs were recorded at Rs 21.7 crore, and expenses related to outsourced technical services reached Rs 13.3 crore.

Profit Margins

With regard to profit, the Delhi-based company saw a 6.3% year-on-year increase to Rs 50.4 crore in Q1 FY27, up from Rs 47.4 crore recorded in the same quarter last year. EBITDA was reported at Rs 56 crore, with an EBITDA margin standing at 40.2%.

Market Performance

At the conclusion of today’s trading session, shares of MapMyIndia closed at Rs 1,109, with a market capitalization of Rs 6,073 crore.