IndiaMART InterMESH reported its audited consolidated and standalone financial results for Q1 FY27 (quarter ended June 30, 2026), posting a consolidated net profit of ₹1,722 million, a 12.2% increase from ₹1,535 million in the same period last year. Revenue from operations for the quarter stood at ₹4,144 million, compared to ₹3,721 million in Q1 FY26, driven by growth across its web and related services segment. The company's cash and investments balance stood at ₹3,553 crore as on June 30, 2026, while deferred revenue increased to ₹2,014 crore.

Q1 FY27 Financial Highlights

The company's consolidated EBITDA for the quarter was ₹1,465 million, rising from ₹1,334 million in the corresponding period of the previous year. The EBITDA margin came in at 35.4% versus 35.9% year-on-year. Basic earnings per share (EPS) for the quarter were reported at ₹28.66 (not annualised). The statutory auditors, B S R & Co. LLP, expressed an unmodified opinion on the results.

Standalone Performance

On a standalone basis, IndiaMART InterMESH reported a net profit of ₹1,761 million for Q1 FY27, up from ₹1,660 million in the prior year. Revenue from operations stood at ₹3,759 million, compared to ₹3,463 million in Q1 FY26. Total income for the quarter increased to ₹4,640 million. The standalone results were also reviewed and recommended by the Audit Committee on July 20, 2026, and approved by the Board on July 21, 2026.

Operational Highlights

IndiaMART registered unique business enquiries of 26 million in Q1 FY27. Supplier Storefronts grew to 8.8 million, an increase of 5% year-on-year, and paying suppliers at the end of the quarter were 218,000. Collections from customers grew to ₹463 crore for the quarter, representing a year-on-year growth of 8%.

Management Guidance: Concall Highlights

Following the quarterly results, management shared its strategic outlook across key business segments during the earnings concall. On the Busy Infotech front, management expects continued ARPU (Average Revenue Per User) expansion over the next three to five years, driven by price increases and value-added services — including a new product offering access across desktop, cloud, and mobile platforms. Management also aims to accelerate new license growth for Busy to 15-20% in the immediate one to two years, up from the current 10% growth rate, with an aspiration to achieve a 35-40% CAGR for Busy Infotech, building on its existing 27-30% CAGR trajectory.

On the advertising and inquiry side, management expects unique business inquiries to increase as advertising efforts expand beyond Google to platforms such as Facebook, Meta, Instagram, and YouTube. Regarding its investment portfolio, management clarified it does not intend to become a venture investing firm but will continue to evaluate new opportunities and conduct follow-on investments in existing portfolio companies, including Bizom, Fleetx, SuperProcure, and Aerchain.

Board Approves Wholly Owned Subsidiary

The Board of Directors approved the proposal for incorporation of a wholly owned subsidiary in India under the name "IndiaMART Finance Limited", subject to necessary approvals. The primary objective of the subsidiary is to strengthen trust, engagement, and retention of users on the platform by enabling business users to meet their short-term working capital requirements and financial needs. The initial paid-up share capital will be 50,000 equity shares of ₹10 each, amounting to ₹5,00,000, fully subscribed by IndiaMART InterMESH Limited.

Analyst View: Jefferies Maintains Underperform

Despite the profit beat, global brokerage Jefferies has maintained its Underperform rating on IndiaMART InterMESH with a target price of Rs 1,650. The brokerage acknowledged that the better-than-expected profit was driven by lower acquisition costs, but flagged the continued decline in paid subscribers as a key structural concern. Jefferies noted that the persistent drop in paying suppliers threatens the company's long-term network effects — a critical pillar of its business model — and has consequently revised its EPS estimates downward.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE933S01016/e0ef4408-9098-400f-bdca-c657cfe997ee.pdf

IndiaMART InterMESH held a meeting with Eternity Capital on June 30, 2026, as part of its investor engagement activities. The interaction was a one-on-one session conducted via video conference at 03:30 P.M. The company confirmed that no unpublished price sensitive information (UPSI) was shared during the meet.

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited in accordance with Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The filing was made by Vasudha Bagri, Compliance Officer.

Meeting Details

The following table outlines the specifics of the interaction:

The company stated that its latest Investor Presentation is available on its official website for shareholder reference.