![MapmyIndia Shares Jump 3% On Strong Q3 Results](https://inc42.com/cdn-cgi/image/quality=75/https://asset.inc42.com/2025/01/Mapmyindia-1-ftr-760x570.png)
Shares of MapmyIndia jumped nearly 3% in early trade after the geotech company reported a 4% YoY increase in its consolidated net profit to INR 32.32 Cr in Q3 FY25
EBITDA jumped 15.7% to INR 41.7 Cr in Q3 FY25 from INR 36 Cr in the corresponding quarter last year
Revenue from operations zoomed 24% to INR 114.54 Cr from INR 92.02 Cr in the year-ago quarter
Shares of MapmyIndia
Notably, the company reported a profit of INR 31.04 Cr in the year-ago quarter and INR 30.35 Cr in the September quarter of FY25.
EBITDA jumped 15.7% to INR 41.7 Cr in Q3 FY25 from INR 36 Cr in the corresponding quarter last year. However, EBITDA margin declined to 36.4% during the quarter under review from 39% in Q3 FY24.
Meanwhile, revenue from operations zoomed 24% to INR 114.54 Cr from INR 92.02 Cr in the year-ago quarter. On a quarter-on-quarter basis, the top line grew 10% from INR 103.67 Cr.
Total expenses grew 32% to INR 79.40 Cr in Q3 FY25 from INR 60.52 Cr it spent in the year-ago quarter.
In its investor presentation, MapmyIndia said it is eyeing to surpass the revenue milestone of INR 1,000 Cr by FY27/FY28, growing its top line at a CAGR of 35-40%. The company said that it will look to invest in its tech capabilities, build a broader stack of software products, and expand its relationship with active customers.
The company further said that it intends to increase its presence in “B2C segments through Mappls app and gadgets”.
It is pertinent to note that MapmyIndia came under heavy scrutiny from investors last year after it announced plans to hive off its B2C business into a “separate” company. The company also informed the bourses that founder and CEO Rohan Verma would step down to lead this new venture.
At the time, MapmyIndia said the proposed B2C business would operate as an independent entity and bear all expenses related to its business, be it people cost, marketing cost, or cloud cost. But, the company took a U-turn on its decision within days after facing backlash from investors.
Recently, MapmyIndia acquired a 9.37% stake in Kanpur-based AI startup SimDaaS Autonomy for about INR 3 Cr to expand its capabilities.
Earlier this month, it also joined hands with Bengaluru-based startup KOGO AI to launch India’s ‘first’ universal voice assistant for the automotive industry.