MAPMYINDIA Q4 FY23 Result Update:
- Open Order Book grew from 699 cr at the end of FY22 to 918 cr at the end of FY23. Out of which 700 cr is of Map led business. This has been possible due to increased use cases and cross-selling and up selling. Added 250+ customers (B2B & B2B2C). Customers who are subscription based or transaction based where contractual value is not available are not included in the open order book.
- Planning to focus on the B2C Mappls maps and Mappls Gadgets and develop a full stack drone capabilities in organic and inorganic way. Drone solutions market is growing.
- Open Order book to Revenue Conversion Ratio has been 3-5 years usually.
- Expects to maintain 40% margins in the next year.
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