MapmyIndia Q2: Profit Rises 90% YoY To ₹35 Cr, Revenue Up 16%

MapmyIndia announced a 90.6% year-over-year increase in profit for the September quarter of fiscal 2027, reaching ₹35.3 crore. Sequentially, profit fell 29.1% from ₹49.7 crore in the previous quarter. Operating revenue climbed 15.8% to ₹131.7 crore from ₹113.8 crore in the same quarter last year. Overall revenue, including other income, grew 19.1% to ₹147.9 crore from ₹124.2 crore.

EBITDA rose 60.1% year-over-year to ₹45 crore, with the EBITDA margin expanding to 34.1% from 24.7% in Q2 FY26. The PAT margin improved to 23.8% from 14.9% in the same period last year. For H1 FY27, operating revenue grew 18.4% year-over-year to ₹271.5 crore, while EBITDA increased 20.4% to ₹101.1 crore. Net profit rose 32.2% to ₹85 crore from ₹64.3 crore in the same period.

The company's automotive and enterprise segments drove growth, with automotive business up 51.9% YoY and enterprise business up 44.1% in Q2 FY27. Automotive business growth was attributed to increasing adoption of map-led and IoT-led mobility solutions, while IoT-led revenue grew 29.1% to ₹96.2 crore, with EBITDA increasing to ₹18.5 crore in H1 FY27.

MapmyIndia's leadership changes include the appointment of Abhit Kalasotra as CTO, software engineering, and Nitin Sagar as CPTO for Mappls AI, as well as redesignating Rashmi Verma as CIO and assigning Anuj Kumar Jain as COO of Gtropy Systems Private Limited.