MapmyIndia Enterprise Revenue Rose 44.1% in Q2 FY27 on Wins

MapmyIndia’s enterprise revenue rose 44.1% year on year to Rs 33.0 crore in the second quarter of fiscal year 2027 (Q2 FY27), supported by disclosed wins and go-lives in parcel logistics, quick commerce, telecom network planning, banking and solar operations. Enterprise revenue also reached Rs 97.2 crore in the first half of fiscal year 2027 (H1 FY27).

How did MapmyIndia’s enterprise revenue change in Q2 FY27?

MapmyIndia’s enterprise revenue increased from Rs 22.9 crore in Q2 FY26 to Rs 33.0 crore in Q2 FY27, a 44.1% year-on-year increase. Enterprise was the second-largest reported market segment in the quarter, below automotive revenue of Rs 71.3 crore and above government revenue of Rs 27.5 crore.

Enterprise revenue for H1 FY27 was Rs 97.2 crore, compared with Rs 83.5 crore in H1 FY26, an increase of 16.5% according to MapmyIndia. The Q2 growth rate was therefore higher than the first-half rate, while automotive revenue increased 40.4% to Rs 130.1 crore in H1 FY27 and government revenue declined 25.6% to Rs 44.1 crore.

Enterprise accounted for 36% of MapmyIndia’s Rs 271.5 crore total market revenue in H1 FY27, compared with 35% of Rs 235.4 crore in H1 FY26. Its share rose by one percentage point as enterprise revenue increased Rs 13.7 crore, whereas automotive’s revenue mix increased from 39% to 48% and government’s fell from 25% to 16%.

Which enterprise wins and go-lives supported MapmyIndia’s Q2 growth?

MapmyIndia attributed Q2 FY27 enterprise growth to multiple wins and go-lives across sub-verticals. In mobility and logistics, it won a project with one of India’s largest parcel management companies, while an existing quick-commerce customer scaled parcel volumes fivefold and another leading player used location intelligence for dark-store expansion across the top 100 cities.

These disclosures cover a new parcel-management project and two separate quick-commerce developments: a fivefold volume expansion and dark-store planning. MapmyIndia did not disclose customer names, contract values, contract duration or the share of the Rs 33.0 crore Q2 FY27 enterprise revenue attributable to any individual logistics engagement.

MapmyIndia also secured an engagement with a large telecom operator for network planning, a major paints company for enterprise-wide location services and application programming interfaces (APIs), and a leading alcoholic beverages company for sales and market planning. The reported use cases span telecom infrastructure planning, organisation-wide location tools, and commercial planning rather than a single enterprise application.

The company describes its map-led portfolio as covering maps, navigation, analytics and business intelligence, geographic information systems (GIS), digital twins, and workflow and workforce automation. Its presentation does not assign the telecom, paints or alcoholic-beverages engagements to a specific map-led or Internet of Things (IoT)-led revenue line.

How are financial services and solar customers using MapmyIndia products?

MapmyIndia said a leading non-banking financial company (NBFC) adopted its Geo-Fi platform for underwriting, while a large bank went live with Geo-Verify for artificial-intelligence-led customer verification. These banking, financial services and insurance (BFSI) use cases add underwriting and verification applications to the logistics and telecom deployments reported for Q2 FY27.

The presentation identifies Geo-Fi and Geo-Verify by product name but does not provide commercial terms, rollout geography, user numbers or revenue contribution for either deployment. The reported Rs 33.0 crore enterprise revenue is consequently the available measure of segment performance, rather than a product-level breakdown for the financial-services wins.

A fast-growing solar energy company also adopted MapmyIndia’s platform to strengthen field operations and customer acquisition. This solar engagement extends the disclosed enterprise customer list beyond logistics, quick commerce, telecom, consumer companies and BFSI, although MapmyIndia did not disclose the product configuration or financial value of the solar deployment.

MapmyIndia reported enterprise revenue of Rs 97.2 crore for H1 FY27 while characterising Q2 growth as supported by multiple wins and go-lives. It did not quantify the split between revenue from new customers, such as the parcel-management project, and expanded activity from existing customers, including the quick-commerce account with fivefold parcel volumes.

What products can MapmyIndia supply to enterprise customers?

MapmyIndia says it can provide off-the-shelf products, modular platforms, APIs, software development kits, and end-to-end industry-specific solutions. Its map-led products include 2D and 3D maps, navigation, analytics, GIS and digital twins, while its IoT-led portfolio includes GPS telematics, dash cameras, infotainment systems, sensors, drones and software as a service.

That product range provides context for the Q2 FY27 customer applications. Network planning and dark-store expansion are disclosed location-intelligence uses, while Geo-Fi underwriting and Geo-Verify customer verification are named financial-services platforms; however, the source does not state whether each engagement generated map-led, IoT-led, subscription, hardware or service revenue.

Across MapmyIndia, map-led revenue was Rs 76.7 crore in Q2 FY27, up from Rs 62.7 crore in Q2 FY26, while IoT-led revenue rose to Rs 55.1 crore from Rs 51.1 crore. Map-led earnings before interest, tax, depreciation and amortisation margin was 41.6% in Q2 FY27 versus 35.5% a year earlier, and IoT-led margin was 23.8% versus 11.5%.

MapmyIndia said higher IoT hardware revenue in H1 FY27 primarily reflected a capital-expenditure-based sale under a line-fit programme with a new original equipment manufacturer entrant. It separately said lower H1 FY27 IoT services revenue reflected a large government IoT project moving from upfront technical-services revenue to a recurring subscription model, which is distinct from the enterprise contract disclosures.

Conclusion

MapmyIndia’s Q2 FY27 enterprise result combined 44.1% revenue growth to Rs 33.0 crore with deployments across logistics, quick commerce, telecom, financial services and solar. Enterprise represented 36% of H1 FY27 market revenue, and its quarterly growth outpaced its 16.5% H1 FY27 increase, even as automotive remained the largest market segment.

The next point to watch is whether MapmyIndia provides details on contract values, deployment scale, customer retention and revenue mix for the named enterprise wins. The presentation leaves unresolved how much of the Rs 33.0 crore Q2 FY27 enterprise revenue came from new projects, existing-customer expansions, map-led products or IoT-led products.