IndiaMART InterMESH recorded a 55.6% increase in net profit for Q3 FY26, reaching ₹188.3 crore, with revenue climbing 13.4%. However, EBITDA margin decreased. On Tuesday, January 20, shares of IndiaMART InterMESH fell by 2.37%, closing at ₹2,142.50 on the NSE.
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IndiaMART InterMESH demonstrated impressive profit growth in the December quarter reported on Tuesday, January 20, despite an annual decline in operating margins.
The net profit surged 55.6% year-on-year to ₹188.3 crore in Q3 FY26, up from ₹121 crore the previous year.
Total revenue from operations grew 13.4% year-over-year to ₹401.6 crore, compared to ₹354.3 crore in the same quarter last year.
Nonetheless, operational performance faced challenges, with EBITDA decreasing 2.9% year-on-year to ₹134.5 crore, resulting in a drop in EBITDA margin to 33.5% from 39.1% in Q3 FY25.
Customer collections for the quarter reached ₹426 crore, reflecting a 17% YoY growth, which comprised standalone collections of ₹390 crore from IndiaMART (up 14% YoY) and ₹33 crore from Busy Infotech, as per the exchange filing.
Operational metrics remained robust, with unique business inquiries hitting 28 million in Q3 FY26. The number of supplier storefronts increased by 6% YoY to 8.7 million, while 221,000 suppliers paid by the end of the quarter.
In response to the results, CEO Dinesh Agarwal highlighted the company’s commitment to enhancing its platform, boosting quality and engagement for both buyers and suppliers, and fostering trust within the marketplace through rapid adoption of AI technologies.
On January 20, shares of IndiaMART InterMESH saw a decline of 2.37%, closing at ₹2,142.50 on the NSE.
