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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart delivers steady revenue and collection growth, but management is pivoting to aggressive buyer-side ad spending to arrest churn and stagnant paying supplier counts.

Highlights
Revenue growthConsolidated revenue grew 12% YoY to ₹372 crore.
MarginsEBITDA margin at 39%, but sustainable guidance lowered to 30-33%.
Order bookDeferred revenue grew 18% YoY to ₹1,735 crore.
Demand visibilityUnique business inquiries grew 17%; inquiries per paying supplier improving.
Management confidenceCautiously optimistic; shifting focus to product quality and buyer marketing.

Growth

Revenue grew 12% YoY; collections up 17%. Busy Infotech normalized billing growth is a strong 64%.

Outlook

Sustainable EBITDA margins guided at 30-33%, down from 39% due to planned ad investments.

Risks

Elevated churn in silver monthly subscribers; stagnant paying supplier additions despite increased marketing spend.

Source

Earnings Call filed with NSE, NSE: INDIAMART. Summary written with AI assistance from the document.

Read the document ↗

IndiaMART InterMESH Ltd: key numbers

Share price
₹1,603.00
Market cap
₹9,641 Cr
Revenue (annual)
₹1,569 Cr
Net profit (annual)
₹474.7 Cr
P/E (TTM)
19.5×Sector 66.8×
Promoter holding
49.07%-0.05% QoQ
FII holding
19.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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15:20 IST BSE
Merger & Restructuring

IndiaMART InterMESH Merger & Restructuring

IndiaMART InterMESH Limited has successfully incorporated a new wholly-owned subsidiary named IndiaMART Finance Limited. This entity received its Certificate of Incorporation from the ROC on August 4, 2026.

10:52 IST BSE
Capital Structure Change

IndiaMART InterMESH Capital Structure Change

Nalanda India Equity Fund Limited acquired additional shares in IndiaMART InterMESH Limited, increasing its stake from 7.10% to 7.25%. The transaction was executed via the open market.

15:07 IST BSE
Merger & Restructuring

IndiaMART InterMESH Merger & Restructuring Worth ₹64.99 Cr

IndiaMART InterMESH Ltd has entered into an agreement to acquire a 25.80% stake in Fleetx Technologies Private Limited. The total investment amount is ₹64.98 Crore.

Value
₹64.99 Cr
Execution
30 days
09:37 IST BSE
Capital Structure Change

IndiaMART InterMESH Capital Structure Change

Nalanda India Equity Fund Ltd acquired shares of IndiaMART InterMESH Ltd. This transaction increased the acquirer's shareholding from 7.67% to 7.71%.