HomeBusinessMapmyIndia logs 35 pc PAT growth in FY24, new order bookings up...

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.

–IANS

na/uk

Go to Source

Disclaimer

The information contained in this website is for general information purposes only. The information is provided by TodayIndia.news and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this website.

Through this website you are able to link to other websites which are not under the control of TodayIndia.news We have no control over the nature, content and availability of those sites. The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.

Every effort is made to keep the website up and running smoothly. However, TodayIndia.news takes no responsibility for, and will not be liable for, the website being temporarily unavailable due to technical issues beyond our control.

For any legal details or query please visit original source link given with news or click on Go to Source.

Our translation service aims to offer the most accurate translation possible and we rarely experience any issues with news post. However, as the translation is carried out by third part tool there is a possibility for error to cause the occasional inaccuracy. We therefore require you to accept this disclaimer before confirming any translation news with us.

If you are not willing to accept this disclaimer then we recommend reading news post in its original language.

RELATED ARTICLES
- Advertisment -

Most Popular