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