MapmyIndia Q2 FY27: Net Profit Rises 91% to ₹35.3 Crore
- Consolidated net profit increased 90.6% YoY to ₹35.3 crore, while revenue from operations grew 15.8% to ₹131.7 crore.
- Automotive revenue growth was 51.9% and enterprise business growth was 44.1% during the quarter.
- Revenue from operations reached ₹271.5 crore, while net profit rose 32.2% to ₹85 crore.
C.E. Info Systems Limited, which operates under the MapmyIndia and Mappls brands, reported a 90.6% year-on-year (YoY) increase in consolidated net profit to ₹35.3 crore in Q2 FY27, compared with ₹18.5 crore in the corresponding quarter of the previous financial year.
Revenue from operations grew 15.8% YoY to ₹131.7 crore from ₹113.8 crore in Q2 FY26. However, on a quarter-on-quarter (QoQ) basis, revenue declined 5.7% from ₹139.7 crore in Q1 FY27. Net profit also fell 29.1% sequentially from ₹49.7 crore.
The company’s EBITDA increased 60.1% YoY to ₹45 crore from ₹28.1 crore. EBITDA margin expanded to 34.1% from 24.7% in the year-ago quarter, while the profit after tax (PAT) margin improved to 23.8% from 14.9%.
Including other income of ₹16.1 crore, total income stood at ₹147.9 crore, up 19.1% from ₹124.2 crore in Q2 FY26.
For the first half of FY27, revenue from operations increased 15.3% YoY to ₹271.5 crore, compared with ₹235.4 crore in H1 FY26. EBITDA grew 20.4% to ₹101.1 crore, while net profit rose 32.2% to ₹85 crore from ₹64.3 crore. The company reported cash and cash equivalents, including financial investments, of ₹730.3 crore at the end of September 2026.
Automotive and Enterprise Businesses Lead Growth
MapmyIndia’s automotive business recorded 51.9% YoY growth in Q2 FY27, while its enterprise business grew 44.1%, according to chairman and managing director Rakesh Verma. For H1 FY27, the two businesses registered growth of 40.4% and 16.5%, respectively.
The company attributed automotive growth to increased adoption of its integrated map-led and IoT-led mobility solutions.
At the product level, map-led revenue grew 8.9% to ₹175.3 crore in H1 FY27, with an EBITDA margin of 47.1%. IoT-led revenue increased 29.1% to ₹96.2 crore. EBITDA from the IoT-led business rose to ₹18.5 crore from ₹7.9 crore in the corresponding period last year.
The company attributed the improvement in IoT profitability to higher-margin solutions and operating leverage.
MapmyIndia Reshuffles Leadership to Strengthen AI Capabilities
Alongside its financial results, MapmyIndia announced changes across its technology, product and business leadership teams as it looks to expand the use of artificial intelligence (AI), machine learning and neural networks across its platforms.
The company appointed Abhit Kalasotra as Chief Technology Officer (CTO), Software Engineering, and Nitin Sagar as Chief Product Technology Officer (CPTO) for Mappls AI. Both appointments took effect on November 4, 2026.
The company also redesignated Rashmi Verma, previously CTO and Chief Human Resource Officer (CHRO), as Chief Innovation Officer (CIO). She will focus on innovation and the adoption of AI and other emerging technologies across the group.
MapmyIndia plans to integrate AI, machine learning and neural networks across its map-led and IoT-led platforms. The areas include intelligent mapping, navigation, in-vehicle intelligence, telematics, analytics and workflow automation.
Founded in 1995, C.E. Info Systems provides digital map data, geospatial software and location-based IoT products and solutions. Its offerings include mapping APIs, navigation platforms, telematics and location intelligence solutions for automotive, enterprise and government customers.
Shares of C.E. Info Systems closed at ₹890.20 on the BSE on November 4, 2026, up 4.57% from the previous close.
