MapmyIndia Reports Strong Q1 Growth and Strategic Investment in Zepto

MapmyIndia delivered robust financial performance in Q1 FY2026, with revenue climbing 19.8% year-on-year to ₹121.6 crore. The digital mapping specialist saw EBITDA surge 30.6% to ₹55.9 crore, while net profit jumped 27.7% to ₹45.8 crore. Margin expansion was notable, with EBITDA margins reaching 46.0% and PAT margins improving to 33.9%.

The company's Core map-led business grew 26% with exceptional 54.8% EBITDA margins. Automotive and mobility tech revenue increased 24.4%, while consumer tech and enterprise digital transformation rose 16.1%. MapmyIndia shares traded 1.4% higher at ₹1,776.40 on the NSE following the August 7 results announcement.

Strategic moves included a ₹25 crore investment in quick commerce platform Zepto, with MapmyIndia's mapping SDK and APIs set to enhance delivery experiences. Chairman Rakesh Verma reaffirmed confidence in achieving the ₹1,000 crore revenue target by FY2028. The company also increased its stake in IoT subsidiary Gtropy Systems.