MapmyIndia's Mappls To Partner Indian Railways, Shares Surge Over 10%

Shares of MapmyIndia parent CE Info Systems surged over 10% to INR 1,885.70 during the intraday trading on the BSE today after Union minister Ashwini Vaishnaw said Indian Railways is partnering with the geotech company for its homegrown navigation app Mappls.

Mappls will soon sign a Memorandum of Understanding (MoU) for this and will support railways in various applications.

Vaishnaw, on Saturday (October 11), highlighted the app’s capability to offer three-dimensional junction views, including previews of flyovers, underpasses, and roundabouts, along with real-time driving alerts for speed limits, accident-prone zones, sharp turns, speed breakers, traffic signals, and camera locations.

With the surge in its stock price, MapmyIndia’s market capitalisation zoomed to INR 9,839.23 Cr (about $1.1 Bn), with more than 32 Lakh shares trading hands by 13:00 IST. However, at the time of writing, the stock had given up some of the gains and was trading 5.9% higher at INR 1,803.80.

MapmyIndia’s shares have zoomed about 7.7% over the past week and are up 10.5% year to date.

The company provides geospatial data and analysis support to nearly 10 government departments, including DIGIPIN, police forces across the country, and tax bodies such as the Goods and Services Tax Network (GSTN) and the Central Board of Direct Taxes (CBDT).

In the first quarter of the current fiscal year (Q1 FY26), MapmyIndia’s net profit rose 28% to INR 45.8 Cr from INR 35.9 Cr in the year-ago quarter. However, profit declined 7% sequentially from INR 49 Cr.

The company’s operating revenue rose 20% to INR 121.6 Cr during the quarter under review from INR 101.5 Cr in Q1 FY25. The top line dipped 15% from INR 143.6 Cr in Q4 FY25.

In August, MapmyIndia also announced an investment of INR 25 Cr in quick commerce unicorn Zepto. The company said that the investment was part of its strategic initiative to enhance the capabilities and adoption of its solutions for the rapidly growing quick commerce industry.

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