MapMyIndia share price rises as Q3 net profit grows 4% to ₹32.3 crore

In the early trade, the stock was trading at ₹1,625.80 apiece, reflecting an increase of 0.58% on the National Stock Exchange.

The company's consolidated profit after tax increased 4% to ₹32.3 crore for the three-month period ended December 2024, compared to ₹31.1 crore in the year-ago period.

Revenue from operations grew 24.5% to ₹114.5 crore in the quarter under review as against ₹92 crore in the corresponding period last fiscal.

Earnings before interest, taxes, depreciation, and amortisation (EBITDA) rose 15.7% to ₹41.7 crore, compared to ₹36 crore. The EBITDA margin was 36.4% vs 39% in Q3 FY24.

In the latest December quarter, consumer tech and enterprise digital transformation revenue climbed 39% to ₹65 crore, while automotive and mobility tech saw a steady growth of 9% to ₹49 crore.

The map-bed business recorded a "very strong" growth of 33% to ₹87 crore in the reporting quarter, while the LoT-led segment grew 4%, the company said in an exchange filing.

The subscription services expanded 31% year-on-year (YoY) in the quarter.

The company's total income stood at ₹123.9 crore in Q3 FY25, up from ₹103.6 crore in the same period last year.

MapMyIndia Chairman and Managing Director (MD) Rakesh Verma said, "In Q3 FY25, we successfully operationalised the joint venture with Hyundai Autoever in Indonesia, marking an important step in expanding our global footprint".

He said that the Mappls App and the Mappls brand will continue to be key parts of the organisation's long-term strategy.

"Our efforts in the previous quarters culminated in securing a major deal with one of the largest global social media networks across all their app platforms in India, as well as significant wins in the burgeoning quick commerce space and BFSI vertical, which had a strong positive impact on our C&E business," Verma said.