MapmyIndia logs 35 pc PAT growth in FY24, new order bookings up 63 pc


New Delhi, May 13 (IANS): Homegrown geospatial software provider MapmyIndia on Monday reported operating revenue of Rs 379.4 crore in FY24, up 35 per cent (year-on-year).

The deep-tech digital map data platform clocked 47 per cent growth in operating revenue for the January-March period (Q4) to Rs 106.9 crore.

Annual new order bookings grew 63 per cent to Rs 834 crore in FY24.

“Our overall revenue growth during FY24 was broad-based, with consumer tech and enterprise digital transformation revenue up 49 per cent (YoY) to Rs 194 crore, and automotive and mobility tech revenue up 23 per cent to Rs 186 crore on the markets side,” informed Rohan Verma, CEO and Executive Director, MapmyIndia.

On the products side, the map and data revenue grew 23 per cent to Rs 138 crore and platform and IoT revenue surged 42 per cent to Rs 241 crore.

“Our profit after tax (PAT) grew 25 per cent to Rs 134.4 crore, with PAT margins at 32 per cent,” said Rakesh Verma, Chairman and Managing Director, MapmyIndia.

More than 20 million people have downloaded the company’s Mappls app.

“We continued to acquire new B2B and B2B2C customers -- including many businesses and enterprises across industry verticals, new-age consumer-tech companies and key government organisations,” said Rohan.

MapmyIndia has built India’s most comprehensive and feature-rich digital map, down to address and urban building level detail, covering all towns, villages, and the entire road network of the country.

 

  

Top Stories


Leave a Comment

Title: MapmyIndia logs 35 pc PAT growth in FY24, new order bookings up 63 pc



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.