MapMyIndia posts Rs 122 Cr revenue in Q1 FY26, profit grows 28%

CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the first quarter of FY26. The company reported a year-on-year revenue growth of over 21% compared to Q1 FY25.

MapMyIndia’s revenue from operations increased to Rs 122 crore in Q1 FY26 from Rs 101 crore in Q1 FY25, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE).

On a quarter-on-quarter basis, MapMyIndia’s operating revenue fell 15% to Rs 122 crore in Q1 FY26 from Rs 144 crore in Q4 FY25.

Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 93% of the total collection. This revenue source increased by 23% to Rs 114 crore in Q1 FY26. However, income from the sale of its devices generated Rs 8 crore in the quarter ending June 2025.

The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements, pushing the total cost of the firm to Rs 73 crore in Q1 FY26, up from Rs 64 crore in Q1 FY25.

With the increase in scale, MapMyIndia recorded a 28% increase in its profit to Rs 46 crore during Q1 FY26, compared to Rs 36 crore in the first quarter of the previous fiscal year. The company’s EBITDA stood at Rs 68 crore for the quarter.

In Q1 FY26, MapMyIndia invested Rs 25 crore to raise its stake in IoT subsidiary Gtropy Systems from 75.98% to 96%, reinforcing its focus on fleet tech and telematics. It also invested Rs 25 crore in Zepto, acquiring a 0.049% stake to strengthen its presence in the fast-growing quick commerce space.

At the end of the day on 7th Aug 2025, MapMyIndia closed at Rs 1,759.9 per share, with a market capitalization of Rs 10,040 crore ($1.09 billion).