Remember when maps just told you how to reach a chai tapri and not how to run a drone corridor or plan a metaverse? Well, MapmyIndia just clocked a quarter where its margins hit 46% (Q1 FY26 earnings call), Zepto got ₹25 crore of their cash, and IoT got a “we’re fixing it” tag.
Why it matters now? Because in a world where EVs, quick commerce, and defense all need live 4D digital twins, the company’s growth map is looking more like an urban expressway than a pothole-ridden galli.
Stick around—things get spicier two scrolls down.
AT A GLANCE
• Revenue up 19.8% – Not just another turn-by-turn update.
• EBITDA margin at 46% – CFO’s Excel must be smiling.
• PAT margin 33.9% – Investors love this GPS route.
• ₹25 cr in Zepto – Quick commerce got a quick cheque.
• IoT flat – Calling it a “transition”, not a dead-end.
MANAGEMENT’S KEY COMMENTARY
Rakesh Verma (CMD): “We’ve started FY26 strong—revenue up 19.8%, EBITDA up 30.6%, PAT up 27.7%.”
Translation: We didn’t just draw the map; we sold the whole atlas.
Rohan Verma (MD): “IoT growth is flat due to transition; expect recovery
from next quarter.”
Translation: GPS signal lost temporarily—rerouting in progress.
Rakesh Verma: “Automotive revenue grew 24.4% even though industry growth was low.”
Translation: We’re the turbocharger in the auto slowdown.
Rohan Verma: “Strategic deal with Zepto plus ₹25 crore investment to deepen offerings.”
Translation: They deliver groceries in 10 minutes; we deliver APIs just as fast.
Rakesh Verma: “International revenues have started; JV with Hyundai AutoEver to kick in FY27.”
Translation: Global mode is ON, loading…
Rohan Verma: “Government & defense subsidiary for focus and management efficiency.”
Translation: Dedicated lane for babu-tech contracts.
NUMBERS DECODED
| Revenue – The Hero | EBITDA – The Sidekick | Margins – The Drama Queen |
|---|---|---|
| ₹121.6 cr (+19.8% YoY) | ₹55.9 cr (+30.6% YoY) | 46% EBITDA, 33.9% PAT |
Revenue: Map-led biz up 26%, automotive & mobility up 24.4%, C&E up 16.1%.
EBITDA: Map-led margins hit 54.8% vs 50.1% LY—premium GPS
