IndiaMART InterMESH Limited (NSE:INDIAMART) has disclosed its audited consolidated and standalone financial results for the quarter ended June 30, 2026 through an investor presentation filed with BSE and NSE on July 21, 2026 under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The presentation sets out Q1 FY27 consolidated revenue from operations of 414 crore, net profit of 172 crore, and deferred revenue of 2,014 crore.
Key Highlights
- Q1 FY27 consolidated revenue from operations stood at 414 crore, representing 10% year-on-year growth, with EBITDA of 146 crore (35% margin) and net profit of 172 crore.
- Consolidated deferred revenue reached 2,014 crore as of June 30, 2026, up 12% year-on-year, indicating forward revenue visibility.
- Collections during Q1 FY27 were 463 crore, equivalent to 35% of deferred revenue, up 16% year-on-year.
- Standalone revenue from operations was 376 crore with EBITDA of 149 crore (40% margin) and net profit of 176 crore, up 6% year-on-year.
- Operational metrics on standalone basis included 41 million active buyers, 132 million live product listings, 8.8 million Indian supplier storefronts, and 218,000 paying suppliers.
- BusyInFoTech, the company's subsidiary engaged in software-as-a-service and logistics solutions, reported consolidated billing of 59 crore in Q1 FY27, up 47% year-on-year.
About the Company
IndiaMART InterMESH Limited (NSE:INDIAMART, BSE:542726) is India's largest online business-to-business marketplace, connecting buyers with suppliers across approximately 98,000 product categories. Headquartered in India, the company operates a two-way discovery platform offering services including request-for-quotation functionality, web storefronts, conversational commerce, cloud telephony, customer relationship management tools, accounting solutions, and business enablement software-as-a-service. The platform serves diverse industries spanning industrial plants and machinery, consumer electronics, pharmaceuticals, construction materials, chemicals, automobiles, and agri-commodities. The company operates through its core IndiaMART B2B marketplace and subsidiaries including BusyInFoTech and Live Keeping Technologies, which provide complementary software and logistics services to businesses.
Announcement in Detail
IndiaMART has released a comprehensive investor presentation detailing its Q1 FY27 financial and operational performance. On a consolidated basis, the company reported revenue from operations of 414 crore for the quarter ended June 30, 2026, reflecting a 10% increase year-on-year. Consolidated EBITDA reached 146 crore, representing a 35% margin on revenue, while net profit stood at 172 crore, up 11% year-on-year. The company generated collections of 463 crore during the quarter, equivalent to 35% of its deferred revenue base and up 16% year-on-year.
Standalone financial results show revenue from operations of 376 crore, up 6% year-on-year, with EBITDA of 149 crore (40% margin) and net profit of 176 crore (38% margin), reflecting expansion in profitability metrics. Deferred revenue and advances on a standalone basis reached 1,858 crore, up 9% year-on-year. The filing reveals that 1,852 paying suppliers declined during the quarter on a standalone basis. Operational metrics indicate 41 million active buyers (last 12 months), 132 million live product listings (up 5% year-on-year), 8.8 million Indian supplier storefronts (up 5% year-on-year), 218,000 paying suppliers, annualized revenue per paying supplier of Rs 69,000 (up 9% year-on-year), and 26 million unique business enquiries.
BusyInFoTech, the company's software-as-a-service and logistics subsidiary, recorded consolidated billing of 59 crore in Q1 FY27, up 47% year-on-year. Deferred revenue and advances attributable to Busy stood at 146 crore as of June 30, 2026, up 10% year-on-year. The presentation also includes cash flow from operations of 163 crore for the quarter, up 2% year-on-year on a consolidated basis.
Impact on Investors
The filing shows that IndiaMART's consolidated revenue growth of 10% year-on-year reflects steady expansion across its core B2B marketplace and subsidiary operations. Investors will note that deferred revenue has grown to 2,014 crore at the consolidated level, representing 12% year-on-year growth and indicating forward visibility into revenue recognition over future quarters. The collections metric of 463 crore, representing 35% of deferred revenue, demonstrates the company's ability to convert subscription and service commitments into cash inflows. EBITDA margins on a consolidated basis of 35% and net profit margins of 33% indicate that the business model is generating profitability at scale.
The disclosure also reveals a decline of 1,852 paying suppliers on the standalone marketplace during Q1 FY27, which investors should monitor in conjunction with the 0% year-on-year change in active buyers. This suggests that while the buyer base remains stable, supplier acquisition or retention dynamics warrant attention in future quarters. Cash flow from operations of 163 crore demonstrates the company's ability to generate liquidity from its core operations. The BusyInFoTech subsidiary's 47% year-on-year billing growth reflects diversification beyond the core marketplace and exposure to the software-as-a-service and logistics software segments.
Sector / Market Context
India's B2B e-commerce and digital marketplace sector has seen sustained growth as businesses increasingly adopt online channels for procurement and supply chain discovery. The marketplace model, characterized by network effects and a subscription-based revenue model with negative working capital, aligns with structural trends in India's digital economy. IndiaMART's diversification across approximately 98,000 product categories and multiple industry verticals, including industrial products, consumer goods, pharmaceuticals, and agri-commodities, reflects the breadth of India's manufacturing and trading sectors. The company's software-as-a-service subsidiary, BusyInFoTech, operates in a segment where small and medium enterprises increasingly seek cloud-based solutions for accounting, invoicing, and logistics management. The presentation indicates that the platform's AI-driven matching algorithms and business enablement services position it to capture demand from businesses seeking to digitize their procurement and operations processes.