Consolidated Financial Performance (Q1FY27)

  • Total Income: ₹159.4 crore, up 17.8% YoY from ₹135.3 crore in Q1FY26
  • Revenue from Operations: ₹139.7 crore, up 14.9% YoY from ₹121.6 crore in Q1FY26
  • EBITDA: ₹56.1 crore, marginally up 0.4% YoY from ₹55.9 crore in Q1FY26
  • EBITDA Margin: 40.2%, down from 45.9% in Q1FY26
  • PAT: ₹49.7 crore, up 8.6% YoY from ₹45.8 crore in Q1FY26
  • PAT Margin: 31.2%, down from 33.9% in Q1FY26
  • Cash & Cash Equivalents: ₹745.3 crore (including financial instruments), up from ₹676.9 crore in Q1FY26 and ₹685.0 crore in FY26

Financial Impact Notes

  • EBITDA margin was impacted by change in product mix during the quarter and a one-time ₹4 crore write-off for a specific government customer
  • Q1FY27 revenue contribution by customer verticals: Automotive 42%, Enterprise 46%, Government 12%

Business Segments Performance

Product-wise Segments:

  • Map-led Business: Revenue ₹98.7 crore with EBITDA margin impacted by ~4% due to the ₹4 crore one-time write-off
  • IoT-led Business: Revenue ₹41.1 crore, up 75% YoY, with EBITDA margin improving to 13.1% from 8.7% in Q1FY26 (440 bps improvement)

Market-wise Segments (New Reporting Framework):

  • Automotive: Revenue ₹58.8 crore (42.1% of total), grew 29% YoY
  • Enterprise: Revenue ₹64.2 crore (46.0% of total), grew 6% YoY
  • Government: Revenue ₹16.7 crore (11.9% of total), grew 11% YoY

Management Changes

Rohan Verma appointed as Joint Managing Director, subject to shareholder approval, effective July 1, 2026.

Business Updates

  • Automotive: Tata Sierra EV launched with EV trip-planning solution; new vehicle models integrated with Suzuki Motorcycle, Vespa, Ultraviolette and Ampere; expanded IoT deployments with VinFast
  • Enterprise: Won leading online bus booking platform for Video Telematics; expanded API deployments with major logistics player; BFSI clients adopted Field Force Automation platform
  • Government: Won AI-enabled sovereign battlefield situational awareness platform; won integrated GIS-enabled enterprise digital operations platform for State PSU

Shareholding Pattern

Top non-promoter shareholders:

  • Phonepe Private Limited: 13.7%
  • Tata Mutual Fund – Tata Small Cap Fund: 5.1%
  • Zenrin Co. Ltd: 3.4%
  • ICICI Prudential: 3.2%
  • Franklin India Opportunities Fund: 1.2%
  • Motilal Oswal Large Cap Fund: 0.5%