Geotech startup MapmyIndia net profit grows 32% in Q1, revenue up 38%

MapmyIndia, a digital maps and deep-tech products platform, reported a 32.2% on-year rise in profit after tax to Rs 32 crore in the first quarter of the fiscal year on the back of strong growth across segments.

The platform’s revenue from operations for the quarter ended June rose 37.5% on year to Rs 89.4 crore.

The company’s earnings before interest, taxes, depreciation and amortisation (Ebitda) grew 25.2% to Rs 37.4 crore, with an overall margin of 41.9%, a company release said.