IndiaMART InterMESH Ltd , India's leading B2B marketplace, has reported a solid performance for the second quarter of fiscal year 2026, with notable growth in revenue and key operational metrics.

Financial Highlights

The company delivered a consolidated revenue of Rs 391.00 crores in Q2 FY26, marking a 12% year-on-year growth. Collections from customers grew 14% to Rs 406.00 crores, while deferred revenue increased 18% to Rs 1,750.00 crores.

Operational Performance

IndiaMART added 2,800 net paying suppliers during the quarter, bringing the total number of paying suppliers to 2.22 lakh. This figure excludes a one-time benefit of approximately 1,200 net additions due to simplification of the onboarding process for new silver paying subscribers.

Unique business inquiries reached 31 million, up 12% year-on-year, indicating strong user engagement on the platform.

Profitability

The company maintained healthy profitability with consolidated EBITDA standing at Rs 130.00 crores, representing a 33% margin. Net profit for the quarter was Rs 83.00 crores.

Key Metrics

Subsidiary Performance

Busy Infotech, a subsidiary of IndiaMART, reported Rs 38.00 crores in billing with 57% normalized growth and sold 12,000 new licenses during the quarter.

Financial Position

IndiaMART's cash and treasury balance stood at Rs 2,874.00 crores as of September 30, 2025, reflecting a strong financial position.

Management Commentary

Dinesh Chandra Agarwal, CEO of IndiaMART, commented on the results: "We continue to focus on improving the platform by creating a better user experience for both buyers and suppliers, improving how users engage and converse, delivering better customer servicing, and building a trusted platform. We are implementing a growing range of AI use cases, which is strengthening our platform and product offering."

Outlook

While the company did not provide specific forward-looking guidance, management emphasized their commitment to enhancing overall product experience and continuing to build growth momentum in the business.

The company's focus on quality and customer service, coupled with its strong financial position, positions IndiaMART well for future growth in the B2B marketplace sector.

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.