MapMyIndia Shares Slump 8% During Intraday

MapmyIndia’s Mappls To Partner Indian Railways, Shares Surge Over 10%

SUMMARY

The stock later at 1:55 PM recouped some of its losses and was trading 5.17% lower at INR 1597.25 with its market capitalisation dropped to INR 8,692 Cr

In the past one year, the stock has lost over 12% and in the last one month over 8%

In January, the geotech company reported a 4% year-on-year increase in its consolidated net profit to INR 32.32 Cr in Q3 FY25

Shares of MapmyIndia parent CE Info Systems nosedivied more than 8% to INR 1,542 during the intraday trading sessions on the BSE today (March 3).

The stock later at 1:55 PM recouped some of its losses and was trading 5.17% lower at INR 1597.25 with its market capitalisation dropped to INR 8,692 Cr.

In the past one year, the stock has lost over 12% and in the last one month over 8%. In three out of the last seven sessions, the stock has ended in red, closing the last trading session at INR 1684.30 on the BSE.

The geotech company reported a 4% year-on-year increase in its consolidated net profit to INR 32.32 Cr in the December quarter of the fiscal year 2024-25 (Q3 FY25). Sequentially, net profit spiked 6% from INR 30.35 Cr.

MapmyIndia’s operating revenue zoomed 24% to INR 114.54 Cr from INR 92.02 Cr in the year-ago quarter. On a quarter-on-quarter basis, this number increased 10% from INR 103.67 Cr.

Including other income of INR 9.39 Cr, the company recorded a total income of INR 123.93 Cr in the fiscal quarter.

In January, MapmyIndia partnered with US-based original equipment manufacturer Qualcomm Technologies to offer automotive connectivity solutions in India and overseas. The company also allotted 16,612 equity shares to eligible employees under its employee stock option plan (ESOP) in the same month.

The company informed the bourses in December last year that its CEO and executive director Rohan Verma will be parting ways from the executive duties to fully focus on building a B2C business as a “a dedicated separate” company.

In the same month, MapmyIndia infused $4 Mn (around INR 33.8 Cr) to pick up 40% stake in its joint venture (JV) with Hyundai AutoEver, a wholly-owned subsidiary of Hyundai Motor.