MapmyIndia profit rises 8.6% to Rs 49.7 Cr in June quarter
The revenue from operations of MapmyIndia grew by 14.9% to Rs 139.7 crore during the reported quarter from Rs 121.6 crore in the year-ago period.
MapmyIndia, a navigation technology firm, reported an 8.6% rise in profits for the first quarter of 2026, with consolidated earnings reaching Rs 49.7 crore. This marks an improvement from the same period last year when the company earned Rs 45.8 crore. Revenue from operations expanded by 14.9% to Rs 139.7 crore, up from Rs 121.6 crore in the previous year.
MapmyIndia's Chairman and Managing Director, Rakesh Verma, expressed optimism about the new year, stating that FY27 began with another quarter of profitable growth as the company continued its transformation into a leading AI-powered digital map data, geospatial software, and location-based IoT provider. Verma highlighted the enduring strength of the company's products, platforms, APIs, and solutions, coupled with disciplined execution and growing customer trust in various sectors such as automotive, enterprise, and government.
Additionally, MapmyIndia announced the appointment of Rohan Verma as Joint Managing Director, effective July 1, 2026, pending shareholder approval.
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