MapMyIndia Posts Rs 35.8 Cr Gains in Q1 FY25

CE Info Systems, the parent firm of MapMyIndia, released its financial performance for Q1 FY25, painting a mixed picture of the financial health of the company.

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There is a slight fall in revenues, but the profit margins are strong—reflecting the strength of the company in the competitive digital mapping and navigation services market.

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MapMyIndia recorded revenue from operations of Rs 101.5 crore in Q1 FY25, down 5.1 per cent from Rs 107 crore in Q4 FY24.

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Digital map data, GPS navigation, location-based services, and IoT solutions continued to be the top lines of revenues for MapMyIndia this quarter.

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These businesses have been integral to its business model and, therefore, acted more as catalysts that further pushed innovation and market penetration.

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On the cost front, the company managed to bring its total cost down to Rs. 63.9 crores in Q1 FY25, from Rs. 72 crores in Q4 FY24.

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