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Key Points

IndiaMart's quarterly profit declined 14% despite revenue growth in Q1 FY26. The B2B platform saw strong YoY performance with 12% revenue increase and 17% more business enquiries. CEO Dinesh Agarwal emphasized platform strengthening and user experience improvements. The company's shares closed 1.08% higher on NSE following the results announcement.

Key Points: IndiaMart Q1 profit falls 14% to Rs 153 crore despite revenue growth

  • Q1 profit drops 14% sequentially to Rs 153.5 crore
  • Revenue grows 12% YoY to Rs 372.1 crore
  • Business enquiries surge 17% YoY to 29 million
  • Paying suppliers increase to 2.18 lakh with 1,500 net additions
2 min read

IndiaMart's profit falls 14 pc sequentially to Rs 153 crore, revenue up in Q1

IndiaMart reports 14% quarterly profit dip to Rs 153 crore in Q1 FY26, while revenue rises 12% YoY with 17% growth in business enquiries.

"We continue to build on our growth momentum, underpinned by healthy revenue and cash flows - Dinesh Agarwal, IndiaMart CEO"

Mumbai, July 19

IndiaMart InterMesh Limited, a parent company of Business-to-Business (B2B) marketplace IndiaMart, said its profit stood at Rs 153.50 crore for the first quarter of the financial year 2026 (Q1 FY26), falling over 14 per cent sequentially.

The company had posted a profit of Rs 180.6 crore in the January-March quarter (Q4 FY25), as per an exchange filing.

Meanwhile, the B2B marketplace provider's consolidated net profit jumped 34 per cent year-on-year (YoY) from Rs 115.50 crore in the corresponding quarter a year ago.

Revenue from operations stood at Rs 372.10 crore in the quarter under review, up 4 per cent sequentially from Rs 355.10 crore and 12 per cent YoY from Rs 331.30 crore, its filing said.

Going forward, the company's total expenses for the quarter sat at Rs 246.5 crore, up over 11 crore from Rs 234.7 crore in Q4 FY25 and Rs 24.6 crore from Rs 221.9 crore in the same quarter last year.

"We continue to build on our growth momentum, underpinned by a healthy increase in revenue, deferred revenue and cash flows," said Dinesh Agarwal, Chief Executive Officer of the company.

Our focus remains on strengthening the platform, enhancing user experience for both buyers and suppliers, and improving our offerings in line with the evolving needs of businesses, Agarwal added.

IndiaMART registered unique business enquiries of 29 million in Q1 FY26, representing a YoY growth of 17 per cent, the company said.

Supplier Storefronts grew to 8.4 million, an increase of 6 per cent YoY and paying suppliers at the end of the quarter were 2.18 lakh, representing a net addition of 1,500.

IndiaMart is India-based online B2B marketplace for commercial products and services. The firm connects buyers and sellers across product categories and geographies in India, making business easier.

Meanwhile, the company's shares ended in green at Rs 2,655.0, up 1.08 per cent on the National Stock Exchange (NSE), on Friday.

- IANS

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Reader Comments

P
Priya S
As a small business owner using IndiaMart, their platform needs serious UI improvements. The 17% enquiry growth is good, but half my buyers complain about navigation issues. Better tech = better business!
R
Rohit P
₹153 crore profit is still solid! People forget this is India's homegrown success story competing with global giants. The 12% revenue growth proves Make in India is working in digital space 🇮🇳
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Sarah B
Interesting to see expenses rising faster than revenue (11% vs 4% QoQ). Hope this is strategic investment and not inefficiency. The 2.18 lakh paying suppliers metric is impressive though!
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Karthik V
Bhai log, 29 million enquiries is no joke! Shows how India's small businesses are going digital. But IndiaMart should reduce commission rates - helping SMEs should be priority over profits.
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Nisha Z
The stock price reaction says it all - market believes in long-term growth despite quarterly blip. More Indian companies should list locally instead of rushing to Nasdaq!

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