Every time a car's navigation system reroutes around traffic or a delivery app pins down an exact address, MapMyIndia's mapping data may be quietly doing the work behind the scenes. This quarter, that infrastructure business turned in results steady enough to barely raise an eyebrow, which for a mature deep-tech company is often exactly the point.
C.E. Info Systems, the parent company behind MapMyIndia, reported operating revenue of Rs 139.7 crore for the quarter ended June 2026, up 15% from Rs 121.6 crore in the same period last year, according to consolidated financial statements filed with the National Stock Exchange. Profit grew a more modest 6.3% to Rs 50.4 crore from Rs 47.4 crore, a gain that looks almost flat next to the revenue jump, hinting at thinner margins even as the top line expanded.
The Delhi-based company builds its business on digital maps, geospatial software, location-based APIs, IoT solutions, and mapping platforms sold to automakers, enterprises, government agencies, and developers. Map data and related services, spanning royalties, subscriptions, software, and project work, remained its largest revenue stream at Rs 114 crore, though that segment stayed largely flat year-on-year. The real growth surprise came from hardware device sales, which more than tripled to Rs 23.1 crore from just Rs 7.6 crore a year earlier, suggesting demand for MapMyIndia's physical devices is scaling faster than its software business right now.
Costs stayed fairly disciplined. Employee benefit expenses remained the largest line item at just over 27% of total expenditure, holding flat at Rs 25.6 crore, while material costs came in at Rs 21.7 crore and outsourced technical services at Rs 13.3 crore. With Rs 19.65 crore in non-operating income added in, total income reached Rs 159.4 crore, though that figure slipped 2% from the previous quarter's Rs 162.8 crore.
EBITDA landed at Rs 56 crore, a healthy 40.2% margin. MapMyIndia shares closed at Rs 1,109, valuing the company at Rs 6,073 crore, a steady number for a business whose growth this quarter came less from its core mapping software and more from the hardware sitting on top of it.
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