MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

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.

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