MapmyIndia has submitted the transcript for its Q2 & H1FY2026 earnings call held on November 11, 2025. The call discussed the company’s financial results for the quarter and half-year ended September 30, 2025. The transcript is available on the company website.
Q2 & H1FY26 Earnings Highlights
During the earnings call for Q2 & H1FY26, MapmyIndia addressed key aspects of its performance and future strategies. Key discussion points included:
- The consumer app, Mappls, has reached over 40 million users.
- A new contract with IOCL for INR 110 crores over 5 years, largely IoT-led.
- Collaboration with Survey of India for building a national geospatial platform.
- DMRC has signed an MoU with MapmyIndia for data sharing and commercial expansion.
Financial Performance
The financial results revealed:
- Revenue growth of 14.7% in H1 FY’26 compared to FY’25 H1.
- EBITDA of INR 84 crores for H1.
- Stable PAT at INR 64 crores for H1.
- Map-led business provided a 47.3% EBITDA margin, similar to the previous year.
- IoT revenue grew to INR 74.5 crores from INR 54 crores, a 50% increase.
Strategic Investments and Future Outlook
MapmyIndia is focusing on strategic investments in technology and product development. These investments include:
- Taking products and platforms to the next generation, especially in the Mappls consumer app.
- Building the government’s national geospatial platform.
- International business expansion through a joint venture with Hyundai Autoever in Jakarta.
The company is also investing in road safety and traffic management, anticipating a potential few hundred crores opportunity in the next 3-7 years. Despite a decrease in EBITDA margin from 36.1% to 24.7% due to one-off expenses, the company maintains a strong cash position. The target of reaching INR 1,000 crores in revenue by FY’28 remains unchanged.
Automotive & Enterprise Updates
The company reported new OEM wins with a leading EV OEM in Southeast Asia and integrations with Maruti Victoris and TVS Ntorq ISO. New contracts include a multiyear deal with a large quick delivery company, using MapmyIndia’s APIs.
Source: BSE