MapMyIndia shares dropped sharply on Wednesday despite reporting healthy Q1 FY27 earnings, with revenue rising 15% and PAT growing 8.6% year-on-year. Strong growth in automotive and IoT businesses offset margin pressure from a one-time write-off and changes in product mix, while cash reserves continued to strengthen.

The revenue from operations of MapmyIndia grew by 14.9 per cent to ₹139.7 crore during the reported quarter from ₹121.6 crore in the year-ago period.

The revenue from operations of MapmyIndia grew by 14.9% to Rs 139.7 crore during the reported quarter from Rs 121.6 crore in the year-ago period.