However, operating revenue for the second quarter of FY2015 increased by 13.8% year-on-year (YoY) to Rs 136.7 billion. Profit before tax for Q2 FY25 stood at Rs 41.06 billion, down 8.18% from Rs 44.7 billion recorded in the corresponding quarter of the previous financial year.
EBITDA decreased by 7.49% to Rs 37.5 million in Q2 FY25 compared to Rs 40.5 million in the year-ago period. EBITDA margin decreased to 36.1% in the second quarter of 2025 compared to 44.5% in the second quarter of 2024.
Sapna Ahuja, COO, MapmyIndia said: “The entire market we serve faced challenges in the second quarter of 2025, but thanks to open orders and strong teamwork, we managed to perform well. In the first half, our Automotive and Mobility Technology (A&M) revenue increased 19.3% year-over-year, and our Consumer Technology and Enterprise Digital Transformation (C&E) revenue increased 8.2% in the second quarter of 2025. A&M revenue rose 27% YoY to Rs 60.9 million, while C&E revenue remained stable at Rs 427 billion.”
Rakesh Verma, Chairman and MD of MapmyIndia, said, “MapmyIndia has received formal board approval to form a joint venture with Hyundai Autoever, a wholly-owned subsidiary of Hyundai Kia. MapmyIndia will hold a 40% stake with a capital investment of $4 million.
“The joint venture, called PT Terra Link Technologies, will be based in Indonesia and will focus on providing map-based solutions to automotive OEMs and other companies across Southeast Asia.The joint venture’s estimated revenue will increase compared to 2018. The joint venture will also benefit MapmyIndia’s current customers for the next five years with order bookings and revenues from FY2026 onwards. ”Economic Times)
