MapmyIndia profit rises 90% on September-quarter growth

C. E. Info Systems Limited, known as MapmyIndia, reported consolidated net profit of Rs 35.25 crore for the quarter ended September 30, 2026, up 90% from Rs 18.52 crore a year earlier, while revenue from operations rose 16% to Rs 131.74 crore. Higher device sales supported the annual revenue increase, although revenue declined from the June quarter.

How did MapmyIndia perform in the September 2026 quarter?

MapmyIndia’s consolidated net profit after tax, including the share of associates and joint venture, was Rs 35.25 crore in the September 2026 quarter, compared with Rs 18.52 crore in the September 2025 quarter and Rs 49.74 crore in the June 2026 quarter. Profit before tax rose to Rs 51.65 crore from Rs 30.22 crore a year earlier, but was below Rs 66.44 crore in the preceding quarter.

Revenue from operations reached Rs 131.74 crore, against Rs 113.77 crore in the September 2025 quarter and Rs 139.72 crore in the June 2026 quarter. The reported revenue increase was Rs 17.97 crore year on year, while revenue was Rs 7.98 crore lower sequentially. Total income, including other income, was Rs 147.87 crore, compared with Rs 124.22 crore a year earlier and Rs 159.37 crore in June.

Total expenses were Rs 96.22 crore during the September quarter, versus Rs 94 crore a year earlier and Rs 92.93 crore in June. Expenses rose by Rs 2.22 crore year on year, compared with the Rs 17.97 crore increase in revenue from operations, but increased sequentially even as revenue declined. Tax expense was Rs 14.13 crore, compared with Rs 9.95 crore in the prior-year quarter and Rs 16.06 crore in June.

What drove MapmyIndia’s revenue change by product category?

MapmyIndia’s year-on-year revenue growth was led by sale of devices, which rose to Rs 33.06 crore in the September 2026 quarter from Rs 13.90 crore a year earlier. Device sales also increased from Rs 23.11 crore in the June 2026 quarter. The Rs 19.16 crore annual increase in devices more than offset a Rs 1.19 crore decline in map data and services revenue.

Map data and services, including royalty, annuity, subscription, software and projects, generated Rs 98.68 crore in the September quarter. This revenue stream was lower than Rs 99.87 crore in the September 2025 quarter and Rs 116.61 crore in June 2026. The filing describes these offerings as Map as a Service, Platform as a Service and Software as a Service, meaning the overall revenue gain was concentrated in devices.

Materials cost, including purchases of traded goods and inventory changes, was Rs 27.29 crore, compared with Rs 15.80 crore a year before and Rs 21.67 crore in June. Hardware material accounted for Rs 20.97 crore, up from Rs 8.60 crore a year earlier, while software material including subscriber identity module, or SIM, rental was Rs 6.32 crore, below Rs 7.20 crore. These cost changes coincided with the increase in device sales.

Technical-services outsourcing and project-software expense fell to Rs 14.53 crore from Rs 32.58 crore in the September 2025 quarter, although it increased from Rs 13.25 crore in June. Employee benefits expense was Rs 25.36 crore, against Rs 19.26 crore a year earlier and Rs 25.56 crore sequentially. Depreciation and amortisation rose to Rs 9.33 crore from Rs 7.94 crore.

What do MapmyIndia’s half-year results and cash flows show?

MapmyIndia reported consolidated revenue from operations of Rs 271.46 crore for the half year ended September 30, 2026, up from Rs 235.38 crore in the prior-year half. Net profit including associates and joint venture increased to Rs 84.99 crore from Rs 64.33 crore. Profit before tax was Rs 118.09 crore, compared with Rs 92.06 crore in the corresponding six-month period.

The half-year result included a Rs 2.91 crore combined loss from associates and the joint venture, compared with a Rs 3.32 crore loss a year earlier. The joint venture’s share of loss was Rs 2.35 crore, versus Rs 3.56 crore in the previous half year, while associates recorded a Rs 56 lakh loss after a Rs 24 lakh profit. The September-quarter joint-venture loss was Rs 2.08 crore.

Net cash generated from operating activities was Rs 78.09 crore in the six months to September 30, 2026, compared with Rs 45.11 crore a year earlier. Investing activities used Rs 73.81 crore, versus Rs 37.04 crore previously, including Rs 59.04 crore of net purchases of current investments and Rs 28.31 crore spent on property, plant, equipment and intangible assets.

Financing activities used Rs 22 crore in the half year, compared with Rs 49.90 crore in the previous corresponding period. Dividend paid was Rs 19.17 crore, while lease-liability payments were Rs 2.89 crore. Cash and cash equivalents at September 30, 2026 were Rs 39.86 crore, down from Rs 61.10 crore at the beginning of the financial year and above Rs 25.86 crore at September 30, 2025.

How did MapmyIndia’s balance sheet change by September 2026?

MapmyIndia’s consolidated total assets were Rs 1,114.85 crore at September 30, 2026, compared with Rs 1,036.04 crore at March 31, 2026. Current investments increased to Rs 397.36 crore from Rs 248.66 crore, while non-current investments declined to Rs 188.58 crore from Rs 268.28 crore. Trade receivables rose to Rs 186.55 crore from Rs 176.41 crore.

Total equity was Rs 970.12 crore at September 30, compared with Rs 905.23 crore at March 31. Current tax liabilities increased to Rs 27.84 crore from Rs 11.85 crore, and contract liabilities increased to Rs 23.73 crore from Rs 20.86 crore. Total liabilities were Rs 144.73 crore at September 30, against Rs 130.81 crore at the March year-end.

MapmyIndia classified its activities as one primary business segment: map data and related services and devices, including global positioning system, or GPS, navigation, location-based services and Internet of Things products. The Board approved the unaudited consolidated results on November 4, 2026, after the Audit Committee reviewed and recommended them on November 3, 2026. The statutory auditors issued an unmodified limited-review conclusion.

Conclusion

MapmyIndia’s September-quarter result combined a 90% year-on-year increase in consolidated net profit to Rs 35.25 crore with a 16% increase in revenue to Rs 131.74 crore. Device sales increased to Rs 33.06 crore from Rs 13.90 crore, offsetting the reduction in map data and services revenue to Rs 98.68 crore from Rs 99.87 crore.

What remains unresolved in the filing is whether map data and services revenue can recover after falling from Rs 116.61 crore in June to Rs 98.68 crore in September. The filing also leaves future outcomes from Rs 28.31 crore of half-year spending on property, plant, equipment and intangible assets, and the Rs 2.35 crore half-year joint-venture loss, to subsequent disclosures.