IndiaMART InterMESH Limited Announces Strong Q1FY26 Results with 12% Revenue Growth

IndiaMART reports Q1 FY2026 consolidated revenue of Rs. 372 Cr, up 12% YoY. Standalone EBITDA reached Rs. 135 Cr (39% margin). Strong cash generation of Rs. 161 Cr.

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Dinesh Agarwal, Founder and CEO, IndiaMART (2)
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IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), has announced its financial results for the first quarter ending June 30, 2025.

Q1 FY2026 vs. Q1 FY2025  

  • Consolidated Revenue from Operations of Rs. 372 Crore, YoY growth of 12%
  • Standalone EBITDA at Rs. 135 Crore representing EBITDA margin of 39%
  • Consolidated Cash generated from Operations of Rs. 161 Crore
IndiaMART reported consolidated Revenue from Operations of Rs. 372 Crore as compared to Rs. 331 Crore in the corresponding quarter of last year, representing a growth of 12%. This includes IndiaMART Standalone Revenue of Rs. 346 Crore, representing YoY growth of 10% and Busy Infotech Revenue of Rs 25 Crore.
 
Collections from Customer grew to Rs. 430 Crore for the quarter, representing YoY growth of 17%, primarily comprising of Standalone Collections of Rs. 374 Crore representing YoY growth of 10% and Busy Infotech Collections of Rs 53 Crore.
 
Deferred Revenue as on June 30, 2025 increased to Rs. 1,735 Crore representing a YoY growth of 18%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,628 Crore and Busy Infotech Deferred Revenue of Rs. 101 Crore.
 
Net Profit for the quarter was Rs. 154 Crore representing margin of 33%. Cash Flow from Operations for the quarter was Rs. 161 Crore. Cash and Investments balance stood at Rs. 2,762 Crore as on June 30, 2025.
 

Standalone Financial Highlights (Q1 FY2026):

 Standalone Revenue from Operations increased to Rs. 346 Crore as compared to Rs. 315 Crore last year representing a growth of 10%. The growth was primarily driven by improvement in realization from paying suppliers.
 
Collections from Customer grew to Rs. 374 Crore for the quarter representing a YoY growth of 10% and Deferred Revenue as on June 30, 2025 increased to Rs. 1,628 Crore representing a YoY growth of 15%.
EBITDA for the quarter was at Rs. 135 Crore representing margin of 39%. Net Profit for the quarter was Rs. 166 Crore. 
Operational Highlights (Q1 FY2026):                          
IndiaMART registered Unique business enquiries of 29 million in Q1 FY26, representing a YoY growth of 17%. Supplier Storefronts grew to 8.4 million, an increase of 6% YoY and paying suppliers at the end of the quarter were 218K, representing net addition of 1.5K.
Commenting on the performance, Mr. Dinesh Agarwal, Founder & CEO, said, “We continue to build on our growth momentum, underpinned by healthy increase in revenue, deferred revenue and cash flows. 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. Backed by a robust business model and growing digital adoption, we are confident in our ability to drive sustained, long-term profitable growth while delivering greater value to all stakeholders.”

Q1 FY2026 Performance Metrics

(Figures in crores, unless otherwise stated)
Particulars
Standalone
Consolidated
Q1FY26
Y-o-Y
Q-o-Q
Q1FY26
Y-o-Y
Q-o-Q
 
 
 
 
 
 
 
Total Income
431
18%
(11%)
465
21%
0.1%
 
 
 
 
 
 
 
Revenue from Operations
346
10%
3%
372
12%
5%
 
 
 
 
 
 
 
EBITDA
135
15%
1%
134
12%
2%
EBITDA Margin (%)
39%
 
 
36%
 
 
 
 
 
 
 
 
 
Other Income
84
67%
(43%)
92
74%
(15%)
 
 
 
 
 
 
 
Profit Before Tax
215
33%
(22%)
204
35%
(7%)
Profit Before Tax Margin (%)
50%
 
 
44%
 
 
 
 
 
 
 
 
 
Net Profit for the period
166
34%
(28%)
154
35%
(15%)
Net Profit Margin (%)
39%
 
 
33%
 
 
 
 
 
 
 
 
 
Collections from Customer
374
10%
(26%)
430
17%
(21%)
 
 
 
 
 
 
 
Cash flow from Operations
144
16%
(47%)
161
18%
(41%)
 
 
 
 
 
 
 
Deferred Revenue
1,628
15%
2%
1,735
18%
3%
Cash and Investments
2,577
20%
(5%)
2,762
19%
(4%)
Paying Suppliers (In ‘000)
218
1%
1%
-
 
 

 

IndiaMart Revenue Growth