CE Info Systems Ltd, the parent company of MapMyIndia, reported its financial results for the quarter ended September 30, 2025 (Q2 FY26), posting a 10% year-on-year rise in revenue but a significant decline in profitability due to increased operating costs.
The company’s revenue from operations grew to Rs 114 crore in Q2 FY26, up from Rs 104 crore in Q2 FY25, according to the consolidated quarterly filing on the National Stock Exchange (NSE). On a half-yearly basis, MapMyIndia’s operating revenue rose 15% to Rs 235 crore in H1 FY26 from Rs 205 crore in H2 FY25.
Digital map data, GPS navigation, location-based services, and IoT continued to be the company’s dominant revenue streams, contributing 88% of total revenue. Income from these services increased 16% year-on-year to Rs 100 crore, while revenue from device sales stood at Rs 14 crore during the quarter.
However, rising operational expenses weighed heavily on margins. The cost of technical service outsourcing surged more than threefold to Rs 32.6 crore in Q2 FY26 from Rs 10 crore a year earlier. Employee costs and IoT hardware expenses also increased, pushing the firm’s total expenses to Rs 94 crore, up from Rs 72.5 crore in Q2 FY25.
As a result, net profit declined 38% year-on-year to Rs 18.5 crore, compared to Rs 30 crore in the same period last year. For the half-year ended September 2025, profit remained largely flat at Rs 64 crore, versus Rs 66 crore in H1 FY25.
On the market front, shares of MapMyIndia fell over 5%, closing at Rs 1,730 apiece on Tuesday, down from Rs 1,825 in the previous session. The company’s market capitalization stood at Rs 9,470 crore, reflecting investor concern over cost escalation despite steady revenue growth.
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