C.E. Info Systems, the parent company of MapMyIndia, has reported a drop in its profit for the second quarter (Q2) of the financial year 2025 (FY25). The company’s consolidated net profit fell by 8.20%, standing at Rs 30.33 crore compared to Rs 33.04 crore in Q2 FY24. This decline is despite an increase in revenue from operations.
Revenue Growth for MapMyIndia
On a positive note, the company’s revenue from operations grew by 13.82% year-on-year (YoY), reaching Rs 103.67 crore in Q2 FY25. This growth shows that while the profit dropped, MapMyIndia is still increasing its business income.
Profit before tax (PBT) stood at Rs 41.06 crore, which represents an 8.18% decrease from Rs 44.72 crore in Q2 FY24. The company also saw a decline in its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA), which fell by 7.49% to Rs 37.5 crore. As a result, the EBITDA margin decreased to 36.1%, compared to 44.5% in the same quarter last year.
Investments in Future Growth
MapMyIndia has attributed the profit drop to its ongoing investments in the consumer business, which the company believes will lead to future growth. These investments are currently being recorded as expenses, which have impacted the overall profit margin.
In an exciting development, MapMyIndia has announced a new joint venture with Hyundai AutoEver, a subsidiary of Hyundai Kia. The joint venture will be called PT Terra Link Technologies and will be based in Indonesia. MapMyIndia will own a 40% stake in this venture, with an initial investment of $4 million. The company expects this venture to generate significant revenue in the future, with the goal of delivering multimillion-dollar revenue within five years, starting from FY26.
Focus on Southeast Asia
The new venture will focus on the Southeast Asia region, offering map-based solutions to automotive original equipment manufacturers (OEMs) and other businesses. This move is expected to benefit existing customers while expanding the company’s market reach in the region.
Despite challenges in the sector, MapMyIndia reported growth in both its key business segments. Automotive & Mobility Tech (A&M) revenue increased by 19.3% year-on-year, while revenue from Consumer Tech & Enterprise Digital Transformation (C&E) rose by 8.2% for the first half (H1) of FY25.
MapMyIndia has faced some challenges in terms of profit but continues to show strong growth in revenue. The joint venture with Hyundai AutoEver is expected to play a key role in the company’s future growth, particularly in Southeast Asia. The company remains confident in its long-term prospects, with continued investments in its consumer business and new market opportunities.
