IndiaMART InterMESH
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IndiaMART InterMESH (INDIAMART) investor relations material

IndiaMART InterMESH Q3 25/26 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 25/26 earnings summary20 Jan, 2026

Executive summary

  • Consolidated revenue from operations reached INR 402 crores in Q3 FY26, up 13% year-over-year, with collections from customers at INR 426 crores, up 17% year-over-year.

  • Net profit for the quarter was INR 188 crores, a 56% increase year-over-year, with a margin of 35%.

  • Deferred revenue increased 19% year-over-year to INR 1,775 crores, and unique business inquiries grew 4% year-over-year to 28 million.

  • Paying suppliers declined by 1,000 to 2,221,000, mainly due to a price increase in the Silver subscription tier and fewer working days during the festival season.

  • Platinum and Gold customers, representing about 50% of the base and over 75% of revenue, maintained strong upsell and retention rates.

Financial highlights

  • Consolidated EBITDA was INR 134 crores, with a margin of 33%.

  • Other income for the quarter was INR 135 crores, including a one-time fair valuation gain of INR 82 crores from revaluation of Baldor Technologies.

  • Cash generated from operations was INR 129 crores, and cash in treasury was INR 3,051 crores as of December 31, 2025.

  • Busy Infotech reported INR 33 crores in billing, 28% normalized year-over-year growth, and sold 10,000 new licenses in the quarter.

  • Standalone revenue was INR 368 crores, up 9% year-over-year, with net profit at INR 206 crores, a 65% increase year-over-year and a 41% margin.

Outlook and guidance

  • Management expects gross addition of suppliers to normalize in the coming quarters as the sales team adjusts to new pricing.

  • Collection growth is expected to remain strong if current trends in upsell and renewal rates continue, but management remains cautious and wants to see the trend repeat for a few quarters.

  • Full impact of recent price hikes will be visible over the next six to nine months.

  • Strategic focus remains on expanding the buyer and supplier network, enhancing engagement, and enabling commerce and fintech solutions.

  • The company is monitoring the impact of new Labour Codes, which have increased employee benefit provisions and may further affect future periods once rules are notified.

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Next IndiaMART InterMESH earnings date

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Q4 25/2628 Apr, 2026
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Q4 25/2628 Apr, 2026

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Frequently asked questions

IndiaMART InterMESH Limited operates an online business-to-business marketplace for business products and services in India and internationally. The company enables businesses to source various industrial and commercial supplies, such as raw materials, packaging materials, machinery and equipment, electronics, building and construction materials, medical instruments, healthcare products and services, automobiles, industrial gases, leather and leather products, textiles, furniture, office products and supplies. The company was incorporated in 1999 and is based in Noida, India.

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