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MapmyIndia, a leading digital maps and deep-tech solutions provider, announced its financial results for the third quarter and first nine months of FY25, showing significant revenue and profitability growth. The company's revenue for Q3 FY25 reached INR 115 crore, marking a 24.5% year-on-year increase, while EBITDA stood at INR 42 crore, reflecting a 15.7% rise. Profit After Tax (PAT) for the nine-month period reached INR 99 crore, up from INR 96 crore in the previous year. Consumer Tech & Enterprise Digital Transformation (C&E) revenue surged by 39%, while Automotive & Mobility Tech (A&M) revenue grew by 9%. Strategic expansions, including a joint venture with Hyundai Autoever in Indonesia, and major deals with global social media networks, contributed to the company's strong performance.
MapmyIndia, formally known as C.E. Info Systems Ltd., reported its financial performance for the third quarter and the nine-month period of FY25, ending on 31st December 2024. The company experienced a robust 24.5% year-on-year increase in revenue, reaching INR 114.5 crore in Q3 FY25, compared to INR 92 crore in Q3 FY24. Over the first nine months of FY25, revenue expanded by 17.3% to INR 319.7 crore from INR 272.5 crore in the corresponding period last year. Advertisement
Total income for Q3 FY25 amounted to INR 123.9 crore, reflecting a 19.6% rise from INR 103.6 crore in Q3 FY24. Similarly, for the first nine months of the financial year, total income grew by 16.9% to INR 348.8 crore. EBITDA for Q3 FY25 was INR 41.7 crore, marking a 15.7% increase compared to INR 36 crore in Q3 FY24. However, the EBITDA margin declined slightly to 36.4% from 39% in the previous year. For the nine-month period, EBITDA stood at INR 122 crore, with a margin of 38.2%.
Profit After Tax (PAT) for Q3 FY25 reached INR 32.3 crore, showing a modest 4% growth from INR 31.1 crore in the previous year. Over the nine months of FY25, PAT rose to INR 98.6 crore from INR 96.2 crore in the same period last year, reflecting a 2.5% increase. The PAT margin also saw a decline from 30% in Q3 FY24 to 26.1% in Q3 FY25.
The company?s Consumer Tech & Enterprise Digital Transformation (C&E) segment recorded a 39% year-on-year growth, generating INR 65 crore in Q3 FY25. Meanwhile, the Automotive & Mobility Tech (A&M) segment saw a 9% increase, reaching INR 49 crore. Over the first nine months of FY25, A&M revenue rose by 16%, while C&E revenue expanded by 19%.
MapmyIndia?s map-led business delivered an impressive 33% year-on-year growth in Q3 FY25, generating INR 87 crore in revenue. However, the IoT-led business experienced a marginal 4% growth due to delays in expected contracts. Subscription-based services, on the other hand, demonstrated a strong performance with a 31% year-on-year increase. The company's strategy to enhance the profitability of its IoT-led business resulted in an improved EBITDA margin for this segment, increasing from 8% in 9M FY24 to 12% in 9M FY25.
In addition to financial growth, MapmyIndia achieved significant milestones in strategic partnerships and market expansion. The company successfully launched a joint venture with Hyundai Autoever in Indonesia, reinforcing its international presence. It also secured a major contract with a global social media platform, along with substantial deals in the quick commerce and BFSI sectors. Furthermore, the company deepened its engagement with existing clients through upselling and cross-selling initiatives, leading to notable project wins across various industries, including automotive, fleet management, technology startups, government, and defence.
MapmyIndia?s financial performance in Q3 and the first nine months of FY25 reflects its steady growth, strategic expansions, and strong market positioning. The company?s revenue and profitability have shown consistent improvement, driven by strong performances across segments. By focusing on its high-margin subscription services and optimising operational costs, the company is well-positioned for sustained growth in the coming quarters. Moving forward, MapmyIndia aims to enhance its digital mapping capabilities and drive innovation across multiple sectors.
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