• Financial performance & targets: MapmyIndia delivered 14% year-on-year revenue growth in Q1 with EBITDA margins at 40%, impacted by a one-time ₹4 crore receivable write-off. Management refrained from giving hard quantitative guidance but affirmed it is working toward its ₹1,000 crore revenue target by FY28, backed by an open order book of ₹1,750 crore.
• Cash and expansion: The company's cash reserves increased to ₹745 crore from ₹685 crore in the prior quarter, providing financial optionality for organic growth initiatives as well as potential inorganic acquisitions.
• Segment revenue mix: Automotive and enterprise accounted for 42% and 46% of Q1 revenue respectively, while the government sector contributed 12% due to seasonal slowness. Government business typically averages 18% to 20% annually, led by breakout opportunities and wins in defense and oil and gas.
• Receivables risk management: Management noted that receivables remain controlled with better collection days than industry peers, and the ₹4 crore write-off was proactively taken on a specific government client rather than postponing the loss.