MapmyIndia Reports 9.7% YoY Revenue Growth in Q2FY26

C.E. Info Systems (MapmyIndia), India’s leading provider of advanced digital maps and deep-tech products and platforms, today announced its financial results for the second quarter and first half of FY2026, ended September 30, 2025.

During the quarter, MapmyIndia reported a revenue from operations of Rs 1.13 billion, an increase of 9.7 per cent year-on-year compared to Rs 1.03 billion in Q2FY25. For the first half of FY26, revenue from operations grew 14.7 per cent year-on-year to Rs 2.35 billion as against Rs 2.05 billion in the same period last year. Total income stood at Rs 2.59 billion in H1FY26 compared to Rs 2.25 billion in H1FY25. EBITDA for the first half was Rs 840 million, registering a 4.7 per cent year-on-year growth despite one-off technical services outsourcing expenses related to a specific government project. Profit after tax (PAT) remained broadly stable at Rs 640.3 million for H1FY26, comparable to the same period last year.

Commenting on the performance, Rakesh Verma, Group Chairman & Managing Director, MapmyIndia, said, “Q2 FY26 was a quarter of focused investments as we accelerated innovation and development of our next-generation digital mapping and deep-tech platforms. We are delighted with the rapid growth of our Mappls app, which crossed 40 million downloads, reinforcing its position as India’s leading navigation platform.”

He further added, “We also made significant strides in strategic partnerships and large-scale contracts. Notably, we secured a Rs 1.10 billion contract with Indian Oil Corporation (IOCL) and were awarded a landmark project by the Survey of India to develop the nation’s first National Geo-Spatial Platform—a project of national importance that will unify geospatial data for government and public applications.”

MapmyIndia’s map-led business continued to deliver steady and resilient performance, with revenue growing to Rs 1.60 billion in H1FY26 from Rs 1.51 billion in H1FY25, and maintaining a healthy EBITDA margin of 47.3 per cent. The company’s IoT-led business exhibited strong momentum, with revenue rising to Rs 740.5 million in H1FY26 from Rs 540 million in the corresponding period last year, driven by the growing adoption of connected telematics and mobility solutions. The IoT segment’s EBITDA margin stood at 10.6 per cent, reflecting a one-time cost related to the completion of the acquisition of a 96 per cent stake in its IoT subsidiary, Gtropy.

Looking ahead, MapmyIndia continues to strengthen its core business with robust margins while strategically investing in emerging segments such as IoT, government digital infrastructure, and international joint ventures. Verma concluded, “Our core business remains strong and profitable, and our newer verticals are in the scale-up phase to capture large market opportunities. We remain focused on strategic growth, technological leadership, and delivering sustainable long-term value for all stakeholders.”