Financial Report: MapMyIndia Director Talks About Becoming a Rs 1,000-Cr Business

MayMyIndia Q3 Reports: Geotech startup MapmyIndia’s consolidated profit after tax (PAT) increased by about 5% to Rs. 31.1 Cr in the December quarter (Q3) of fiscal year 2023-24 (FY24), up from Rs. 29.7 Cr in the previous year’s quarter. The company’s revenue increased 36% YoY from Rs. 67.7 Cr in Q3 FY23. In this insightful video, Rohan Verma, CEO and Executive Director of MapMyIndia, shared information regarding the company’s Q3 results, and plans for future opportunities. 

Revenue From Every Sector

The company’s EBITDA grew from 38% to 42%. The revenue growth was broad-based, from automotive and mobility tech to consumer tech and enterprise digital transformation. MapmyIndia’s revenue is divided into two segments based on product- map and data and platform, and IoT. On a year-over-year basis, revenue for both segments increased significantly. While the revenue from maps, data, and platforms increased to Rs. 27.4 crore, the IoT sector increased to Rs. 64.6 crore. The company saw a revenue increase of Rs 68 Cr from the operation of Rs 92 Cr.