MapmyIndia’s operating revenue jumped 19.4% to INR 91.1 Cr in Q2 FY24 from INR 76.3 Cr a year ago
The geotech startup attributed the performance to strong growth across verticals during the quarter under review
Total expenditure rose 13% to INR 54.6 Cr in Q2 FY24 from INR 48.3 Cr in last year’s quarter
Geotech startup MapmyIndia on Monday (October 31) reported a 30.4% year-on-year (YoY) rise in its profit after tax (PAT) to INR 33.1 Cr in the September quarter (Q2) of the financial year 2023-24 (FY24), helped by positive momentum across business verticals.
MapmyIndia’s PAT stood at INR 25.4 Cr in the corresponding quarter last year.
On a quarter-on-quarter (QoQ) basis, the company’s profit grew a muted 3.4%.
Operating revenue jumped 19.4% to INR 91.1 Cr in Q2 FY24 from INR 76.3 Cr reported in the corresponding quarter of the previous fiscal.
Sequentially, operating revenue grew a mere 1.9%.
Speaking on the financials, Rakesh…