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MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY - The Economic Times Benchmarks

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News›Markets›Stocks›News›MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8%

YoY C.E. Info Systems Share PriceThe Economic Times daily newspaper is available online now. Read Today's Paper

MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoYSECTIONSMapMyIndia shares drop 8% despite strong

Q1 earnings; PAT jumps 8% YoYBy Surbhi Khanna, ET OnlineLast Updated: Aug 05, 2026, 12:24:00 PM ISTRate StoryFollow

usShareFont SizeAbcSmallAbcMediumAbcLargeSavePrintCommentSynopsisMapMyIndia shares dropped sharply on Wednesday despite

reporting healthy Q1 FY27 earnings, with revenue rising 15% and PAT growing 8.6% year-on-year. Strong growth in

automotive and IoT businesses offset margin pressure from a one-time write-off and changes in product mix, while cash

reserves continued to strengthen.ET OnlineShares of MapMyIndia (C.E. Info Systems) fell nearly 8% on Wednesday, hitting

a low of Rs 1,048 against the previous close of Rs 1,139, despite the company reporting strong Q1 earnings on Tuesday,

with revenue rising 15% and profit after tax (PAT) increasing 8%.According to a filing with the exchange, India’s

leading deeptech digital map data, geospatial software and location-based IoT products, platforms, APIs and solutions

company announced a year-on-year jump of 14.9% in its revenue from operations to Rs 139.7 crore in Q1FY27 against Rs

121.6 crore in Q1FY26.The profit after tax (PAT) was recorded at Rs 49.7 crore in Q1FY27 against Rs 45.8 crore in the

same quarter a year ago.Also Read | Bharti Airtel shares jump 4% after Q1 results. Here’s what Jefferies, CLSA, others

are sayingIn the first quarter of FY2027 ended June 30, 2026, the total income was recorded at Rs 159 crore indicating a

growth of 17.8% on yearly basis. EBITDA was reported at Rs 56.1 crore whereas the EBITDA margin was recorded at 40.2%.

EBITDA margin impacted due to change in product mix during this quarter and one-time Rs 4 crore write off for a specific

government customer.Live EventsCash and cash equivalents grew to Rs 745 crore from Rs 685 crore in this quarter. Q1F2Y27

Contribution of Automotive, Enterprise, Government is 42%, 46%, 12% respectively, of the total revenue.The company said

that their two product category pillars - Map-led and IoT-led - continue to complement each other in addressing a broad

range of customer requirements and use cases across our Automotive, Enterprise and Government verticals. While the

Map-led business continues to deliver strong profitability, the IoT-led business is scaling rapidly with increasing

adoption of IoT-led solutions.IoT-led business revenue grew 75% YoY to ₹41.1 crore, reflecting strong adoption of

connected mobility and logistics solutions; and the EBITDA margin improved to 13.1% in Q1 FY27 from 8.7% in Q1 FY26,

representing a 440 bps year-on-year improvement.Market segment – AutomotiveAutomotive business grew at 29% during

Q1FY27 on a YoY basis from Rs 45.7 crore in Q1FY26 to Rs 59 crore in Q1FY27. This growth was driven by continued

momentum across map-led connected mobility solutions.The product strategy continued to prioritise building innovations

around AI-powered cockpit, in-vehicle intelligence, SDV platforms, and EV charging network integration and range

optimisation.Market segment – EnterpriseIn Q1FY27, the Enterprise business grew at 6% on a YoY basis, with multiple

wins and go-lives across sub-verticals. Mobility & Logistics won a leading online bus booking platform for Video

Telematics and expanded API deployments with a major logistics player to improve routing and delivery efficiency.Market

segment – GovernmentIn Q1FY27, the Government business grew at 11% on a YoY basis, with multiple wins and go-lives

across sub-verticals. The company also said that Q1 is seasonally weakest quarter for Government business.Also Read |

Experts advise caution as CAS fuels arbitrage fund NAV volatility“We began FY2027 with another quarter of profitable

growth while continuing our evolution into India's leading AI-powered deep-tech digital map data, geospatial software,

and location-based IoT company. Revenue from Operations grew 15% year-on-year to Rs 139.7 crore, while EBITDA remained

strong at ₹Rs 56.1 crore with EBITDA margin at 40.2%, and PAT increased 8.6% YoY to Rs 49.7 crore with PAT margin at

31.2%. Our performance reflects the continued strength and moat of our products, platforms, APIs and solutions,

alongside disciplined execution and continuously growing trust of customers across Automotive, Enterprise and Government

segments,” said Rakesh Verma, Chairman & Managing Director, MapmyIndia.“As our business evolves, to help investors

and analysts understand our business better, we are refining the way we present our segmental revenue. Beginning this

quarter, we are reporting our market-wise segmental revenues across three customer-focused verticals - Automotive,

Enterprise and Government - instead of the previously reported A&M and C&E market segments. This clearly reflects our

revenue from these specific customer segments, and also how we organise our operations and pursue growth opportunities.

We continue to report product-wise segmental revenue and profitability under the Map-led and IoT-led categories, as

these remain the core pillars of our offerings across all our customer verticals,” Verma said.In the last one month,

the MapMyIndia stock rallied 1.79% whereas in the last one year it went up 4.03%. In the last three years, the stock

went up 40.42%, and in the last five years, the stock went up 69.64%.(Disclaimer: Recommendations, suggestions, views

and opinions given by the experts are their own. These do not represent the views of The Economic Times)Add as a

Reliable and Trusted News Source Add Now! (You can now subscribe to our ETMarkets WhatsApp channel)Read More News onc.e.

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