MapmyIndia reported a revenue of Rs 113.8 crore in the second quarter of the financial year 2026 (Q2FY26) ending September 2025. This marks a 9.7% year-on-year (YoY) increase in the company’s revenue compared to the same quarter last year, when it stood at Rs 103.7 crore.
Profit after tax (PAT) for the company stood at Rs 18.5 crore, indicating a 39.2% decline compared to Q2FY25, where profits after tax were Rs 30.4 crore.
Discussing the company’s financial performance, Rakesh Verma, Group Chairman & Managing Director, explained that Q2 was a quarter of focused investment for the company to build and enhance its products and business offerings.
He mentioned that the profit after tax for the half year ending in September 2025 remained fairly stable at Rs 64.3 crore as compared to Rs 66.2 crore in the half year ending FY25, considering the expenses the company has incurred.
MapmyIndia’s map-led business saw a YoY decline of 14.3% at Rs 62.7 crore this quarter, compared to Rs 73.2 crore in Q2FY25. Meanwhile, the Internet of Things (IoT) business had a revenue of Rs 51.1 crore, increasing by 67.5% compared to the same period last year, when it stood at Rs 30.5 crore.
MapmyIndia’s government deals:
During the company’s earnings call for the quarter, Rakesh Verma elaborated on the government projects the company has secured in the quarter, including the provision of IoT solutions to Indian Oil Corporation Limited (IOCL) through a Rs 110 crore contract, and a Survey of India contract to deploy the National Geo-Spatial Platform.
Rohan Verma, Chief Executive Officer (CEO) of MapmyIndia, elaborated on the latter contract, stating that the company’s involvement in the National Geo-Spatial Platform will help in the democratisation of the Survey of India’s data: making it usable to various government organisations.
“We see a large opportunity for MapmyIndia to provide a similar platform at a different scale to different government organisations, and then, of course, to other large data repository providers in the public and private sector,” he explained. Similarly, on the Indian Oil front, he said that MapmyIndia can provide IOCL fleet management services that it is providing to other players in the public and private sector as well.
Further, Rakesh Verma mentioned that as part of the company’s planned memorandum of understanding (MoU) with the Indian Railways, the Delhi Metro Rail Corporation (DMRC) has already signed an MoU. “The Delhi Metro Rail Corporation has already signed an MOU, which is not only just the data sharing between Metro and MapmyIndia, but also gives full scope to the commercial exploitation and doing things for DMRC,” he pointed out.
Road safety management and related expenses:
MapmyIndia mentions that its Earnings before interest, taxes, depreciation and amortisation (EBITDA) for the half year stood at Rs 84 crore, acknowledging that this figure was…
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