Listed geotech major MapmyIndia’s net profit plunged nearly 42% to ₹18.8 Cr in Q3 FY26 from ₹32.3 Cr in the year-ago quarter. On a sequential basis, the company’s profit rose a mere 1.3% from ₹18.5 Cr in the September quarter. The company’s bottom line took a hit as operating revenue tanked 18.2% to ₹93.7 Cr during the quarter under review from ₹114.5 Cr in Q3 FY25. Sequentially, too, the number fell 17.7% from ₹113.8 Cr in the preceding quarter. Including other income of ₹10.5 Cr, the listed company’s total income for the quarter under review stood at ₹104.2 Cr. The company attributed the narrowing profits and declining revenues to a seasonally weak Q3. Partly to blame for the tanking bottom line was also the worsening margins. While EBITDA declined 35.8% to ₹26.8 Cr in Q3 FY26 as against ₹41.7 Cr in the year ago quarter, EBITDA margins contracted to 28.6% from 36.4% in Q2 FY25. “From a financial perspective the quarter has been weak and this is due to the seasonality… There has (have) been major wins in all the sector(s) of our business and similarly several project implementation (are) in under pipeline and we see getting them completed in… Read MoreInc42 Media
