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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart delivered steady revenue growth but faces persistent churn issues in its monthly subscriber segment, while diversifying through strategic investments and digital marketing experiments.

Why this was an Alfa AlertNot a filter event. Results were largely in line with historical performance and internal targets without material guidance beats.
Highlights
Revenue growthConsolidated revenue grew 12% YoY to ₹372 crores.
MarginsEBITDA margins stable at 39% for standalone business.
Order bookDeferred revenue grew 18% YoY to ₹1,735 crores.
Demand visibilityUnique business inquiries grew 17% YoY, signaling steady buyer interest.
Management confidenceCautiously optimistic, focusing on long-term product and churn corrections.

Growth

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

Outlook

EBITDA margin guidance maintained at 30-33%; marketing spend increased to ₹10cr per quarter.

Risks

High monthly churn at 7% and stagnant paying supplier growth are critical structural headwinds.

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
₹1,600.30
Market cap
₹9,625 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%.