B2B ecommerce platform IndiaMART InterMESH’s net profit for the September quarter (Q2 FY27) rose 9.8% YoY to ₹90.7 Cr from ₹82.6 Cr in the year ago quarter. Sequentially, profit tanked by 47.3% from ₹172.2 Cr.
IndiaMART’s operating revenue grew 10% YoY and 3.4% QoQ to ₹428.6 Cr in the quarter. However, negative other income of ₹7.6 Cr pulled total income down to ₹421 Cr. The company said interest income on financial assets measured at amortised cost is recognised under other income using the effective interest rate method.
Meanwhile, total expenses for the quarter rose 2.7% YoY to ₹276.3 Cr. The company’s share of losses from associates widened to ₹15.3 Cr from ₹13.4 Cr a year earlier. The company’s tax expense for the quarter stood at ₹38.6 Cr.
EBITDA for the quarter fell by about 2% YoY to ₹156 Cr, while EBITDA margin improved by 300 bps to 40%.
Customer collections grew 9% YoY to ₹443 Cr in Q2 FY27. This included ₹394 Cr from IndiaMART’s standalone business and ₹46 Cr from Busy Infotech.
IndiaMART claims to have registered unique business enquiries of 2.7 Cr in Q2FY27.
Supplier Storefronts grew 4% YoY to 89 Lakh and paying suppliers at the end of the quarter stood 2.2 Lakh. Annualised revenue per paying supplier increased 10% to about ₹72,000, helping support marketplace revenue growth.
“Our efforts to strengthen platform trustworthiness are fostering greater confidence and deeper, more meaningful engagement across the marketplace. AI remains central to enhancing user experience, from discovery and matchmaking to conversational tools, while we also explore new monetisation avenues. With a robust business model and strong cash generation, we remain well positioned to create long-term value for all our stakeholders,” CEO Dinesh Agarwal said.
Shares of IndiaMART ended today’s trading session 4.09% higher at ₹1,625.95 apiece on the BSE.
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