IndiaMART Q4 EBITDA Rises to ₹1.32B, Co-CEO Highlights AI and Platform Quality
IndiaMART InterMESH delivered mixed Q4 FY26 results with EBITDA rising marginally to ₹1.32 billion but margin declining to 32.80%. The platform showed strong operational performance with 27 million unique business inquiries and 8.7 million supplier storefronts. Co-CEO emphasized AI implementation and platform quality improvements as strategic priorities.

*this image is generated using AI for illustrative purposes only.
IndiaMART InterMESH Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026, along with a significant dividend declaration and operational updates highlighting AI implementation and platform quality improvements. The Board of Directors, in its meeting held on April 30, 2026, approved the audited consolidated and standalone financial results and recommended a total dividend of ₹60 per equity share for FY2025-26.
Q4 EBITDA Performance
For the fourth quarter, the company reported EBITDA of ₹1.32 billion compared to ₹1.3 billion in the same period last year, marking a marginal increase. However, the EBITDA margin compressed to 32.80% from 36.72% year-on-year, indicating pressure on operational efficiency despite revenue growth.
| Q4 Metric: | Current Period | Previous Year | Change |
|---|---|---|---|
| EBITDA: | ₹1.32 billion | ₹1.3 billion | +1.54% |
| EBITDA Margin: | 32.80% | 36.72% | -392 bps |
Platform Performance and AI Implementation
The company demonstrated strong operational metrics during Q4 FY26, with the platform generating 27 million unique business inquiries. The supplier ecosystem continued to expand, with supplier storefronts reaching 8.7 million, representing a 5% year-over-year growth. The paying supplier base strengthened to 220K, reflecting the platform's value proposition.
| Operational Metric: | Q4 FY26 Performance |
|---|---|
| Unique Business Inquiries: | 27 million |
| Supplier Storefronts: | 8.7 million |
| YoY Growth (Storefronts): | 5% |
| Paying Suppliers: | 220K |
The Co-CEO emphasized the company's focus on AI utilization and platform quality improvements as key strategic initiatives to enhance user experience and operational efficiency.
Dividend Declaration
The Board recommended a final dividend of ₹30 per equity share of face value ₹10 each and a special dividend of ₹30 per equity share, aggregating to ₹60 per share. This is subject to shareholder approval at the 27th Annual General Meeting scheduled for June 29, 2026. The dividend will be paid within 30 days from the date of declaration and approval. Pursuant to Regulation 42 of Listing Regulations, the Board has fixed Friday, June 19, 2026 as the Record Date for determining eligible shareholders.
Financial Performance Summary
For the financial year ended March 31, 2026, the company reported comprehensive consolidated performance across key metrics:
| Parameter: | FY2026 (INR million) | FY2025 (INR million) |
|---|---|---|
| Revenue from operations: | 15,690 | 13,884 |
| Total income: | 17,731 | 16,608 |
| Total expenses: | 10,704 | 9,059 |
| Profit before tax: | 6,479 | 7,058 |
| Net profit: | 4,747 | 5,507 |
| Basic EPS (annualised): | 79.07 | 91.84 |
For the quarter ended March 31, 2026, revenue from operations stood at ₹4,043 million, with net profit of ₹502 million. The standalone results showed net profit of ₹5,252 million for FY26, with basic EPS of ₹87.49 (annualised).
Segment Performance and Compliance
The Group operates through two reportable business segments. Web and related services generated revenue of ₹14,429 million from external customers for FY26, while Accounting Software services contributed ₹1,261 million. The segment result for Web and related services was ₹5,328 million, while Accounting Software services reported a loss of ₹28 million.
B S R & Co. LLP, statutory auditors, have issued an unmodified audit opinion on both consolidated and standalone annual financial results. The auditors confirmed that the financial results give a true and fair view in conformity with Indian Accounting Standards.
Historical Stock Returns for IndiaMART InterMesh
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.75% | -6.43% | -7.13% | -20.19% | -14.33% | -42.53% |
How will IndiaMART's AI implementation strategy impact its competitive positioning against emerging B2B marketplace platforms in the next 12-18 months?
What factors could help IndiaMART reverse the 392 basis points EBITDA margin compression in the upcoming quarters?
Will the company's substantial ₹60 per share dividend payout affect its ability to invest in technology upgrades and market expansion initiatives?


































