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MapmyIndia FY22 revenue surges 31% YoY to 200 crore

MapmyIndia FY22 revenue surges 31% YoY to 200 crore


MapmyIndia FY22 revenue surges 31% YoY to 200 crore

C.E. Info Systems Ltd. (“MapmyIndia”), India’s leading digital mapping, geospatial software, IoT, APIs and location-based automotive and digital transformation deep-tech company, announced today its financial results for the Fourth Quarter and Full Year of FY2022 ended on 31st March 2022.

Commenting on the Q4 and Full Year FY22 results, Rakesh Verma, Chairman & Managing Director, MapmyIndia, said “We ended FY 2022 with a good revenue and profit growth, and healthy margins that further expanded. Revenue from operations grew 32% YoY to Rs 200 Cr and PAT grew 45% to Rs 87 Cr. EBITDA margin for FY22 was 43%, expanding from 35% in FY21. PAT margin in FY22 was 36%, expanding from 31% in FY21.

The acquisition of 75.98% in Gtropy Systems Pvt Ltd, an IoT and Logistics SaaS company, was completed during this quarter. We are grateful to the continued long-term trust of our shareholders, customers, employees, and partners in our company.”

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Rohan Verma, CEO & Executive Director, MapmyIndia, said “The momentum of customer wins continued across all our customer segments – Automotive OEMs, Corporates and Government – resulting in total Annual New Order Bookings of Rs 523 Cr in FY22. This enabled us to end FY22 with an Open Order Book of Rs 699 Cr, growing substantially from Rs 377 Cr at the end of FY21. We continue to relentlessly innovate on our map data and technology products and platforms, which will further cement our leadership position in the digital mapping, automotive technologies, geospatial and IoT space.”

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