IndiaMART InterMesh , India's largest online B2B marketplace, has announced its financial results for the second quarter of fiscal year 2026, showcasing steady growth across key metrics.

Financial Highlights

For the quarter ended September 30, 2025, IndiaMART reported:

The company's consolidated revenue growth was primarily driven by its core web services and the expanding accounting software segment.

Operational Performance

IndiaMART's operational metrics demonstrated resilience:

• Registered Suppliers: 8.6 million, up 6% year-over-year
• Paying Suppliers: 222,000, a 2% increase from the previous year
• Unique Business Enquiries: 31 million, growing 12% year-over-year

Segment Performance

The company's web and related services segment, which includes its core B2B marketplace, generated revenue of ₹3,603.00 Crore for the quarter. The accounting software services segment, primarily driven by Busy Infotech, contributed ₹307.00 Crore to the total revenue.

Management Commentary

Dinesh Chandra Agarwal, Chief Executive Officer of IndiaMART, stated, "We are committed to sustaining our growth momentum, with a continued focus on strengthening the platform, improving user experience for both buyers and suppliers, driving better engagement and conversion, enhancing customer servicing, and building a trusted platform. With a sound business model and businesses embracing digital solutions, we remain focused on creating long-term value for all stakeholders."

Balance Sheet and Cash Position

As of September 30, 2025, IndiaMART maintained a strong balance sheet with cash and investments of ₹2,874.00 Crore. The company's total assets stood at ₹41,277.00 Crore, while total equity was reported at ₹21,377.00 Crore.

Conclusion

IndiaMART's Q2 FY2026 results reflect its ability to maintain growth in a dynamic business environment, leveraging its strong market position and diversified service offerings. The company's strategic investments in technology and customer engagement continue to drive its performance in the evolving digital B2B marketplace landscape.

IndiaMART InterMESH Limited , a leading B2B marketplace, has released its financial results for the second quarter ended September 30, 2025, showcasing a mixed performance with revenue growth but a decline in profitability.

Revenue Growth

The company reported a consolidated revenue from operations of Rs 3,910.00 million for Q2, marking a 12.5% increase from Rs 3,477.00 million in the same quarter last year. This growth was primarily driven by the company's main segment, Web and related services, which contributed Rs 3,603.00 million to the quarterly revenue.

Profit Decline

Despite the revenue growth, IndiaMART experienced a significant decrease in its consolidated net profit:

The decline in profitability can be attributed to increased expenses and a challenging market environment.

Segment Performance

IndiaMART operates in two main segments:

1. Web and related services: Generated revenue of Rs 3,603.00 million
2. Accounting Software services: Contributed Rs 307.00 million to the quarterly revenue

The Accounting Software services segment showed promising growth, nearly doubling its revenue compared to the same quarter last year.

Half-Year Performance

For the first half of FY2026:

• Revenue from operations reached Rs 7,631.00 million
• Net profit stood at Rs 2,362.00 million

Balance Sheet Highlights

As of September 30, 2025:

• Total assets: Rs 41,277.00 million
• Total equity: Rs 21,377.00 million
• Cash and cash equivalents: Rs 279.00 million

Employee Stock Options

During the first half of FY2026, the company granted 406,730 Stock Appreciation Rights (SAR) to eligible employees at a weighted average share price of Rs 2,245.00 per share, with an exercise price of Rs 10.00 each, vesting over a period of 5 years.

Management Commentary

While the company did not provide specific management comments in the released data, the financial results suggest that IndiaMART is focusing on revenue growth and diversification of its service offerings, particularly in the Accounting Software segment.

The decline in profitability amid revenue growth indicates potential challenges in cost management or increased investments for future growth. Investors and analysts will likely be keen to understand the company's strategies for improving bottom-line performance in the coming quarters.