Investor Presentaiton
Management Commentary
Q1FY23 Performance
MapmyIndia's Q1 FY23 results demonstrated
extremely strong revenue growth of 50% and high
profitability margins of 46% EBITDA and 34% PAT in
the past quarter.
What sets MapmyIndia apart as a unique company to
our customers and shareholders, is our combination of
being a new-age deep-tech digital products and
platforms company, which has extremely sound
business and financial fundamentals.
Being a highly differentiated and unique advanced
digital maps, SaaS Products and API platforms
company gives us tremendous operating leverage,
which is reflected in our growing margins and
profitability as revenue grows.
Our open order book of Rs 699 Cr at the beginning of
FY23, up 85% from Rs 377 at the beginning of previous
year FY22, points towards strong long-term future
revenue growth from existing orders in hand itself.
- Rakesh Verma, CMD
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Our strong YoY revenue growth in Q1 was broad-
based with A&M (Automotive & Mobility Tech) up 65%
and C&E (Consumer Tech & Enterprise Digital
Transformation) up 37% on the market side. On the
products side, Map & Data was up 53% and Platform &
IoT was up 47%.
Integration of the Gtropy acquisition and scale-up of
our loT business is well underway, to address the
extremely large market opportunity of selling loT &
SaaS to 20 crore+ existing vehicles on road ahead of us,
complementing our core automotive OEM business
where we sell factory-embedded solutions to Auto
OEMs to their 2 crore+ new vehicles produced per year.
We continue to launch new and enhanced versions of
our existing market-leading, world-class advanced
maps, SaaS products, API platforms and loT devices
and innovatively address more and more use cases,
allowing us to become even more relevant to even
more industries, customers and users."
-
-Rohan Verma, CEO & ED
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