MapmyIndia’s H1FY26 revenue increased by 14.7% year-on-year to ₹235.4 crore. EBITDA for the half-year was ₹84.0 crore, up 4.7% year-on-year. The Mappls app user base surpassed 40 million downloads. The company secured a ₹110 crore contract with Indian Oil Corporation Limited (IOCL) and a landmark contract with the Survey of India. PAT was broadly stable at ₹64.3 crore.
Financial Performance
In H1FY26, MapmyIndia’s revenue from operations grew by 14.7% year-on-year, reaching ₹235.4 crore. EBITDA increased to ₹84.0 crore, with a margin of 35.7%. The Profit After Tax (PAT) remained broadly stable at ₹64.3 crore.
Segment Highlights
The map-led business saw revenues grow to ₹160.9 crore in H1FY26. This segment maintained a healthy EBITDA margin of 47.3%. The IoT-led business experienced strong revenue growth, rising to ₹74.5 crore. The EBITDA margin for the IoT segment was 10.6%, impacted by a one-off cost.
Key Business Updates
MapmyIndia’s Mappls app user base has surpassed 40 million downloads. The company won a ₹110 crore contract with Indian Oil Corporation Limited (IOCL). A significant contract was also awarded by the Survey of India for developing a National Geo-Spatial Platform.
Revenue Breakdown by Product (H1FY26)
Map-led revenue stood at ₹160.9 crore. Revenue from IoT-led products totaled ₹74.5 crore. Breaking down IoT revenue, sale of hardware contributed ₹20.5 crore and sale of map data & services contributed ₹54.0 crore.
Market Segment Performance
The Automotive & Mobility Tech (A&M) business grew by 10% in H1Y26. Consumer Tech & Enterprise Digital Transformation (C&E) grew steadily at 19% during H1FY26.
Cash Position
Cash and cash equivalents stood at ₹639.1 crore as of September 30, 2025.
Source: BSE
