MapmyIndia's Q4 Profit Zooms 28% YoY To INR 49 Cr

Geotech company MapmyIndia posted a consolidated net profit of INR 49 Cr in the fourth quarter of FY25, marking a near 28% jump from INR 38.3 Cr in the year-ago quarter. On a quarter-on-quarter (QoQ) basis, the company’s profit zoomed 52% from INR 32.3 Cr.

The company’s EBITDA for the quarter zoomed 47% year-on-year (YoY) to INR 58 Cr. Meanwhile, EBITDA margin expanded to 40% from 37% in the year-ago quarter.

However, PAT margin dipped 263 basis points to 29% in Q4 FY25 from 32% a year ago. The company said that this margin dip was because of a INR 2.8 Cr loss from its South East Asia joint venture, Terra Link Technologies.

“The international market opportunity is large & business development is in growth phase,” the company said.

The rise in the bottom line came on the back of a healthy uptick in revenue. The company’s operating revenue surged 34% to INR 143.6 Cr during the quarter under review from INR 106.9 Cr in the corresponding quarter a year ago. Sequentially, it rose 25% from INR 114.5 Cr.

Including other income of INR 23.2 Cr, total income for the quarter stood at INR 166.8 Cr. This marked a 40% jump from INR 119.3 Cr in the previous year’s quarter.

Corresponding to the growth in revenue, the company’s expenses during the quarter grew 25% YoY and 14% QoQ to INR 90.3 Cr.

For the full fiscal year FY25, MapmyIndia’s consolidated net profit rose 10% to INR 147.6 Cr from INR 134.4 Cr. Operating revenue grew 22% YoY to INR 463.3 Cr.

Rohan Verma Takes Charge Of Mappls DT & Gtropy

Moving forward, the company announced that its wholly owned subsidiary, Vidteq, will now handle all of its government business. Acquired by MapmyIndia in 2017, Vidteq specialises in providing “Video Maps” for navigation and location-based services. Its core technology involves capturing video footage of streets and roads, geo-tagging it, and integrating it into a digital map to offer a visual and interactive navigation experience.

The company is now renaming the subsidiary to Mappls DT and it will helm MapmyIndia’s digital transformation, digital twin and defence technologies business.

This entity is being led by its former CEO Rohan Verma. Besides, Verma has also taken over the company’s GPS-based fleet management and data analytics solutions subsidiary Gtropy.

“To ramp up these high growth opportunities, Rohan Verma has been appointed as Managing Director of both these subsidiaries w.e.f 1st April, 2025. The parent company will focus on automotive and corporate business. Mappls Brand and App will continue within the parent company,” MapmyIndia chairman and managing director Rakesh Verma said.

It is pertinent to mention that Rohan ceased to be the company’s CEO on April 1. In an exchange filing on March 28, MapmyIndia announced that he will take over the role of president and executive director of Mappls DT starting April 1.

In his new role, Rohan will be responsible for expanding the scope of the company’s geospatial and government business to capture the growth opportunities in the two subsidiaries.

MapmyIndia is yet to appoint a CEO. As of now, Rakesh Verma continues to hold the position of the CMD.

Notably, Rohan was earlier scheduled to quit the CEO role to set up a new entity. The move would have seen the company hive off its B2C business Mappls. However, following an investor uproar, the company to hive off the B2C business.

MapmyIndia’s Revenue Pie

MapmyIndia earns its revenue through subscription services, licensing, and the sale of hardware and map data to enterprise customers. It has two main revenue segments – Automotive and Mobility Technology (A&M) and Consumer Technology and Enterprise Digital Transformation (C&E).

The C&E segment’s revenue increased 60% to INR 88.1 Cr in Q4 FY25 from INR 55.2 Cr in the same quarter previous year. MapmyIndia said that it won deals from players in the BFSI, defence, drone mapping, ecommerce, and more segments.

For the quarter, A&M segment’s revenue grew 7% YoY to INR 55.4 Cr. The company said that it achieved a major milestone in Q4 FY25 by releasing its navigation solution to a customer in the SouthEast Asian market.

“Our new licenses in automotive increased to 3+ Mn in new vehicles (4-wheelers, 2-wheelers and CVs, across ICE and EV segments), as against 2.5 Mn during FY24. Further, the number of new IoT devices installed (rented and sold additionally) during the year were 2.1+ Lakh as against 2.9+ Lakh in FY24, due to strategic shift in focus towards SaaS revenue over hardware sales,” Rakesh said.

Shares of the company ended today’s session 1.54% higher at INR 1,843.75 on the BSE. MapmyIndia also announced a final dividend of INR 3.50 per share for FY25.

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