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

MapmyIndia reported a 90.6% YoY jump in its consolidated net profit for the September quarter (Q2 FY27) to ₹35.3 Cr from ₹18.5 Cr in the year-ago period. Sequentially, the profit declined 29.1% from ₹49.7 Cr in the preceding quarter.

Operating revenue rose 15.8% to ₹131.7 Cr during the quarter from ₹113.8 Cr in Q2 FY26. The top line declined 5.7% sequentially from ₹139.7 Cr. 

Total income, including other income of ₹16.1 Cr, increased 19.1% to ₹147.9 Cr from ₹124.2 Cr in the year-ago period.

The company’s EBITDA increased 60.1% YoY to ₹45 Cr, while EBITDA margin expanded to 34.1% from 24.7% in Q2 FY26. PAT margin also improved to 23.8% from 14.9% in the corresponding quarter last year.

For the first half of FY27 (H1 FY27), operating revenue grew 18.4% YoY to ₹271.5 Cr, while EBITDA increased 20.4% to ₹101.1 Cr. Net profit rose 32.2% to ₹85 Cr from ₹64.3 Cr in H1 FY26. 

Automotive, Enterprise Businesses Drive Growth

Commenting on the performance, CMD Rakesh Verma said the company’s automotive business recorded 51.9% YoY growth in Q2 FY27, while its enterprise business grew 44.1%. For H1 FY27, the two verticals recorded growth of 40.4% and 16.5%, respectively.

The automotive business’ performance was driven by increasing adoption of the company’s integrated map-led and IoT-led mobility solutions, Verma said.

From a product perspective, map-led revenue grew 8.9% to ₹175.3 Cr in H1 FY27, while EBITDA margins for the business stood at 47.1%. IoT-led revenue increased 29.1% to ₹96.2 Cr during the period.

The IoT-led business also reported a significant improvement in profitability, with EBITDA increasing to ₹18.5 Cr in H1 FY27 from ₹7.9 Cr in the corresponding period last year. The company attributed this to higher-margin solutions and operating leverage.

MapmyIndia provides digital map data, geospatial software and location-based IoT products, platforms and solutions. Its offerings include mapping APIs, navigation and telematics solutions for automotive and enterprise customers.

MapmyIndia Rejigs Leadership 

Alongside its Q2 results, MapmyIndia announced a series of leadership changes across its technology, product and business teams as it looks to expand its AI capabilities and develop new products.

The company appointed Abhit Kalasotra as chief technology officer (CTO), software engineering, and Nitin Sagar as chief product technology officer (CPTO) for Mappls AI, effective November 4, 2026.

Kalasotra brings over 22 years of technical experience, including 12 years of building technology companies. He has previously worked with Microsoft, Nokia, Emuzed, LG and Motorola. He holds a bachelor’s degree in computer science from BITS Pilani.

Sagar, meanwhile, has over 17 years of experience across location intelligence, digital payments and global travel. He previously worked at MapmyIndia between 2009 and 2015, where he led product and platform development and integrations with automotive manufacturers. 

The company also re-designated Rashmi Verma, previously CTO and chief human resource officer (CHRO), as chief innovation officer (CIO). In her new role, she will focus on driving innovation and accelerating the adoption of AI and emerging technologies across the group.

Separately, CFO Anuj Kumar Jain has been assigned the additional responsibility of chief operating officer (COO) at Gtropy Systems Private Limited, a subsidiary of MapmyIndia. Vishal Pandey has also been appointed chief business officer (CBO) of Gtropy Systems, with both changes taking effect on November 4.

The leadership changes come as MapmyIndia looks to embed AI, machine learning and neural networks across its map-led and IoT-led platforms. These applications span intelligent mapping, navigation, in-vehicle intelligence, telematics, analytics and workflow automation.

Verma said the company sees long-term growth opportunities across its market and product segments, backed by its proprietary data, geospatial capabilities and IoT portfolio.

Shares of MapmyIndia ended today’s trading session 4.57% higher at ₹890.20 apiece on the BSE.

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