🟢 Revenue up 34% YoY in Q4, with EBITDA up 47% and PAT up 28%. 🟢 Declared ₹3.50 final dividend per share (175%). 🟢 Strong growth in Map-led business and strategic SaaS shift in IoT-led vertical. 🟢 Growing global presence via SE Asia JV (Terra Link) and enhanced digital transformation focus.
📊 Consolidated Financial Performance
Metric
Q4 FY25
Q4 FY24
YoY %
FY25
FY24
YoY %
Revenue from Operations
₹143.5 Cr
₹106.9 Cr
🟢 34%
₹463.3 Cr
₹379.4 Cr
🟢 22%
Total Income
₹166.7 Cr
₹119.3 Cr
🟢 40%
₹515.7 Cr
₹417.6 Cr
🟢 23%
EBITDA
₹58.0 Cr
₹39.5 Cr
🟢 47%
₹179.9 Cr
₹156.2 Cr
🟢 15%
EBITDA Margin
40%
37%
🟢 +343 bps
39%
41%
🔴 -216 bps
Profit After Tax (PAT)
₹49.0 Cr
₹38.2 Cr
🟢 28%
₹147.6 Cr
₹134.4 Cr
🟢 10%
PAT Margin
29%
32%
🔴 -263 bps
29%
32%
🔴 -338 bps
🗂️ Segmental Revenue Analysis
🗺️ By Product
Segment
Q4 FY25
Q4 FY24
YoY %
FY25
FY24
YoY %
Map-led
₹107.2 Cr
₹66.1 Cr
🟢 62%
₹345.6 Cr
₹267.0 Cr
🟢 29%
IoT-led
₹36.3 Cr
₹40.8 Cr
🔴 -11%
₹117.7 Cr
₹112.4 Cr
🟢 5%
EBITDA Margin – Map-led
48%
49%
🔴 -1%
47%
54%
🔴 -7%
EBITDA Margin – IoT-led
19%
17%
🟢 +2%
14%
12%
🟢 +2%
🌍 By Market
Segment
Q4 FY25
Q4 FY24
YoY %
FY25
FY24
YoY %
A&M (Automotive & Mobility)
₹55.4 Cr
₹51.7 Cr
🟢 7%
₹210.8 Cr
₹185.8 Cr
🟢 13%
C&E (Consumer Tech & Enterprise)
₹88.1 Cr
₹55.2 Cr
🟢 60%
₹252.5 Cr
₹193.6 Cr
🟢 30%
📑 Balance Sheet & Order Book
🟢 Cash & Equivalents: ₹660 Cr (🟢 +18% YoY)
🟢 Open Order Book: ₹1,500 Cr (🟢 +10% YoY)
🟢 Order Conversion Cycle: Estimated at 3–4 years
🔴 Receivables Days Increased due to higher Q4 revenue and govt. orders
👨💻 Customers & Employees
🟢 Total B2B/B2B2C Customers: 3,000+
🟢 Customers on MaaS/SaaS/PaaS: 1,000+ (vs 880+ in FY24)
🟢 Retention Ratio: 93%
🟢 Total Employees: 1,411 (🟢 from 1,292 last year)
🔴 Attrition rate: Slight uptick to 11.2% (from 9.8%)
📦 Key Investments in FY25
Company
Stake
Segment
Rationale
PT Terra Link (Indonesia)
40%
Map Tech – SE Asia
Expand presence in SE Asia (Hyundai JV)
Kaiinos Geo Spatial
19.8%
GIS Systems
Boost innovation & strategy
Simdaas Autonomy
9.4%
ADAS & Autonomous Tech
Build simulation-driven capabilities
📊 Shareholding Pattern (as of Mar 31, 2025)
🟢 Promoters: 52%
🔵 Corporates: 20%
🟡 MFs/AIFs: 7%
🔴 FPIs: 4%
🟢 Retail Individuals: 12%
🔘 Others: 5%
📌 Top Shareholders:
PhonePe Pvt Ltd: 18.7%
Zenrin Co. Ltd: 3.5%
Franklin India Opportunities: 2.3%
🎯 Strategic Outlook
Focus on B2B growth in Automotive and Enterprise tech
Rapid expansion in Southeast Asia via JV
SaaS and Digital Twin tech gaining traction
Targeting ₹1,000+ Cr revenue by FY28
📎 Disclaimer
This report is for educational purposes only and not a recommendation to buy or sell any security.