• Financial track record: Despite 1% year-on-year revenue growth in the recent quarter, the company highlighted a strong order book for execution in FY26 and beyond. Over the five years since its IPO, the company achieved a 24% CAGR in revenue, 19% in EBITDA, and 11% in PAT.
• IoT segment growth: IoT margins rose to 33% in Q4 alongside SaaS margins at 66%, with IoT expected to expand further through operating leverage in software services and subscription models. The management expects the company to soon become a leader in the fast-growing IoT market.
• Automotive segment outlook: Management attributed the muted revenue growth in the automotive and mobility vertical to temporary technology delays that have since been resolved. Performance in this segment is anticipated to improve in the coming quarters.
• Government subsidiary profitability: The government-focused subsidiary, MapmyIndia's DT, is fully operational and attained standalone profitability last year. To achieve meaningful operating leverage, its revenue needs to increase by approximately 50% from current levels.