| Management target | Revenue 30.0% next five years |
|---|
| Revenue growth | Consolidated revenue grew 11% YoY to 414 crore. |
|---|---|
| Margins | EBITDA margin healthy at 35% due to lower customer acquisition costs. |
| Demand visibility | Flat unique business inquiries (26M) suggest plateauing platform demand. |
| Management confidence | Balanced but cautious regarding buyer traffic and Google dependency. |
Growth
11% Revenue growth YoY; Busy Infotech revenue surged 47% despite high one-time base effects.
Outlook
Busy Infotech targets 30% CAGR; IndiaMART pivots toward buyer monetization and transaction financing via a new subsidiary.
Risks
Significant unique business inquiry stagnation and silver-tier supplier churn indicate platform fatigue and Google search headwinds.
Last quarter's promises, checked
Delivered
- Guided 10% ARPU growth → delivered 8-9% (= BEAT)
- Guided 40-60% cash distribution → delivered Rs. 60 dividend (= BEAT)
- Guided Busy billing growth → delivered 43% normalized growth (= BEAT)
Partly delivered
- Guided 20%+ revenue growth → delivered 13-14% (= PARTIAL)
Missed
- Guided net supplier adds → delivered net decline of 1,200 (= MISS)
- Guided 2-quarter price normalization → delivered continued churn (= MISS)
- Guided unique inquiry growth → delivered 1% decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: INDIAMART. Summary written with AI assistance from the document.
IndiaMART InterMESH Ltd: key numbers
- Share price
- ₹1,592.90
- Market cap
- ₹9,580 Cr
- Revenue (annual)
- ₹1,569 Cr
- Net profit (annual)
- ₹474.7 Cr
- P/E (TTM)
- 19.4×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.
More from IndiaMART InterMESH Ltd
All →IndiaMART InterMESH Earnings Call Transcript: Key Takeaways
IndiaMart delivered steady 12% revenue growth with resilient 39% standalone EBITDA margins, despite heavy investments in performance marketing and AI to combat stagnant subscriber growth.
IndiaMART InterMESH Earnings Call Transcript: Key Takeaways
Indiamart posted 11% revenue growth for Q1 FY27, though stagnant unique business inquiries and silver-tier supplier churn raise concerns. Management is pivoting toward higher ARPU gold and platinum subscribers to offset volume weakness.
- Call
- Guides 30% growth
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.
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.
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
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%.