IndiaMART InterMESH Ltd reported its second quarter results on Friday, October 17, with a 38.8% year-on-year (YoY) decline in net profit to ₹83 crore for the quarter ended September (Q2 FY26), compared with ₹135 crore in the same period last year. The dip in profit came despite a healthy rise in revenue, weighed down by softer margins.
The company’s revenue rose 12.5% YoY to ₹391 crore from ₹347.7 crore, driven by higher customer collections and expansion in its supplier base. EBITDA slipped 3.4% to ₹130 crore against ₹134.6 crore a year earlier, while EBITDA margin contracted to 33.2% from 38.7% due to higher investments in product and technology enhancements.
Collections from customers grew 14% YoY to ₹406 crore, primarily comprising IndiaMART standalone collections of ₹365 crore (up 8%) and Busy Infotech’s ₹38 crore contribution.
On the operational front, unique business enquiries rose 12% YoY to 31 million, while supplier storefronts grew 6% to 8.6 million. The number of paying suppliers increased to 2.22 lakh, with a net addition of 4,000 during the quarter.
Commenting on the results, CEO Dinesh Agarwal said IndiaMART remains focused on enhancing user experience, improving engagement, and driving conversions. “With a sound business model and businesses embracing digital solutions, we remain committed to creating long-term value for all stakeholders,” he added.
Shares of IndiaMART InterMESH Ltd ended lower on Friday, October 17, by 0.81% to close at ₹2,337 on the NSE.
