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MapmyIndia (C.E. Info Systems Ltd.), a New Delhi-based provider of advanced digital mapping and deeptech platforms, posted robust financial results for the fourth quarter and full year of FY2025, showing growth across key metrics and divisions.
For the quarter ending March 31, 2025, the company reported a 34% year-on-year jump in revenue from operations, reaching Rs 143.5 crore, while total income rose 40% to Rs 166.7 crore.
Profit after tax (PAT) for the quarter stood at Rs 49 crore, marking a 28% increase, and EBITDA grew 47% to Rs 58 crore. EBITDA margin improved to 40%, with a PAT margin of 29%.
Rise in annual revenue
On an annual basis, revenue grew 22% to Rs 463.3 crore, and total income reached Rs 515.7 crore, up 23% from FY24. Full-year EBITDA came in at Rs 179.9 crore, an increase of 15%, while PAT rose 10% to Rs 147.6 crore. Margins remained strong with EBITDA at 39% and PAT at 29%.
The company’s cash and cash equivalents, including financial investments, rose 18% to Rs 659.9 crore, and its open order book expanded to Rs 1,500 crore.
Rakesh Verma, chairman and managing director of MapmyIndia, attributed the company’s strong results to accelerating traction in both map-led and SaaS offerings. “We are happy to report the strong growth in Q4FY25 and a good fiscal year overall,” he said.
The board declared a final dividend of Rs 3.50 per equity share, translating to a 175% payout for FY25. Verma emphasised the company’s strategic momentum in the latter half of the year, noting, “Momentum picked up in Q3 and Q4 of FY25.”
Segmental performance
Verma also detailed the segmental performance, highlighting that map-led revenue grew 29% to Rs 345.6 crore, supported by healthy 47% margins. IoT-led revenue increased 5% to Rs 117.7 crore, with EBITDA margins improving from 12% to 14%. Consumer tech and enterprise digital transformation revenue rose 30% to Rs 252.5 crore, while the automotive and mobility tech segment grew 13% to Rs 210.8 crore.
The company also expanded its footprint in the automotive sector, with over 3 million new licenses across vehicles, up from 2.5 million in FY24. IoT device installations were at 2.1 lakh, slightly lower than last year due to a shift toward SaaS revenues. Verma noted that their consumer app Mappls surpassed 30 million downloads, achieved with controlled marketing spend.
To sharpen strategic execution, MapmyIndia restructured its subsidiaries. Its government-facing business has been carved out into a wholly owned subsidiary now called Mappls DT (formerly Vidteq), focusing on digital transformation, digital twins and defense tech. IoT and logistics SaaS will continue under Gtropy, in which the company holds a 76% stake. Rohan Verma has been appointed managing director of both subsidiaries effective April 1, 2025.
Rakesh Verma concluded, “Our Order Book achievements give us further confidence that we are on track to our stated milestone of crossing Rs 1,000 crore revenue by FY28.”
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