MapMyIndia’s revenue declines to Rs 94 Cr in Q3 FY26, profit falls 41%

CE Info Systems, the parent company of MapMyIndia, has announced its financial results for the third quarter of FY26. The company’s revenue fell 18% year-on-year compared to Q3 FY25.

MapMyIndia’s revenue from operations decreased to Rs 94 crore in Q3 FY26 from Rs 114.5 crore in Q3 FY25, according to its consolidated quarterly report sourced from the National Stock Exchange (NSE).

On a nine-months basis, MapMyIndia’s operating revenue increased 3% to Rs 329 crore from Rs 320 crore, a year earlier.

Income from digital map data, GPS navigation, location-based services, and IoT was the primary source of revenue for MapMyIndia, accounting for 83% of the total collection. This revenue source decreased by 23.5% to Rs 78 crore in Q3 FY26. However, income from the sale of its devices generated Rs 15 crore in the quarter ending December 2025.

The cost of IoT devices, employee benefits, and outsourced technical services were the major cost elements. Notably the cost of technical service outsourcing spiked more than 3X to Rs 33 crore in Q3 FY26 from Rs 10 crore in Q3 FY25. Overall, total cost of the firm decreased to Rs 75 crore in Q3 FY26 from Rs 79 crore in Q3 FY25.

MapMyIndia’s profit fell 41% to Rs 19 crore during Q3 FY26, compared to Rs 32 crore in the third quarter of the previous fiscal year. On a sequential basis, the company’s profit increased 3% from Rs 18.5 crore in Q2 FY26.

At the end of the day, MapMyIndia closed at Rs 1,223.70 per share, with a market capitalization of Rs 6,696 crore ($739 million).