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IndiaMART InterMESH (INDIAMART) investor relations material
IndiaMART InterMESH Q2 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Consolidated revenue from operations reached INR 391 crore in Q2 FY26, up 12% year-over-year, with customer collections at INR 406 crore, up 14% year-over-year.
Net profit for the quarter stood at INR 83 crore, with a margin of 21%, and standalone net profit at INR 83 crore, 23% margin.
Busy Infotech reported Q2 billing of INR 38 crore, with normalized year-over-year growth of 57%, and sold 12,000 new licenses.
Deferred revenue increased 18% year-over-year to INR 1,750 crore, and unique business inquiries grew 12% to 31 million.
AI initiatives and onboarding process changes are being implemented to enhance user experience and operational efficiency.
Financial highlights
Consolidated EBITDA was INR 130 crore, with a margin of 33%; standalone EBITDA was INR 115 crore, 32% margin.
Cash generated from operations was INR 114 crore; cash and treasury balance was INR 2,874 crore as of September 30, 2025.
Busy Infotech's revenue from operations was INR 29 crore, up 46% year-over-year, and deferred revenue was INR 111 crore, up 63%.
Collections from customers grew 11% year-over-year to INR 406 crore consolidated.
Basic EPS (consolidated) for Q2 FY26 was 13.77 (not annualised).
Outlook and guidance
Management remains focused on improving platform quality, customer servicing, and leveraging AI for long-term value.
No specific guidance on paid customer additions; ARPU expected to grow at 6-8% annually based on historical trends.
Marketing and selling costs are expected to remain at 16-18% of revenue.
Strategic focus on expanding the buyer and supplier network, commerce enablement, fintech, and SaaS business enablement.
Continued investment in technology and employee incentives, including stock appreciation rights.
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