IndiaMART Q1: Profit Rises 12% YoY To ₹172 Cr, Plans Lending Foray

B2B ecommerce company IndiaMART InterMESH reported a 12% increase in its consolidated net profit to ₹172.2 Cr in the first quarter of FY27 from ₹153.5 Cr a year earlier. 

On a sequential basis, profit zoomed over 3.4X from ₹50.2 Cr. 

Operating revenue increased 11% YoY and 3% QoQ to ₹414.4 Cr. Including other income of ₹106.7 Cr, total income for the quarter stood at ₹521.1 Cr. 

IndiaMART’s EBITDA increased 10% YoY as well as QoQ to ₹14.6 Cr. 

Core Marketplace Continues To Drive Revenue 

IndiaMART’s web and related services business, its largest revenue contributor, grew 9% YoY to ₹375.9 Cr during the quarter. Meanwhile, revenue from its accounting software business rose 49% YoY to ₹38.5 Cr. 

The company said customer collections grew 8% YoY to ₹463 Cr, while its accounting SaaS arm Busy Infotech reported collections of ₹59 Cr. 

IndiaMART said it generated 26 Mn unique business enquiries during the quarter. Supplier storefronts increased 5% YoY to 8.8 Mn, while the number of paying suppliers stood at 2.18 Lakh at the end of June. 

Total expenses rose 12% YoY to ₹274.8 Cr, led by employee benefit expenses, which increased to ₹174 Cr. 

“We continued our emphasis on sustainable growth and elevating overall marketplace experience by building a highly trusted, reliable environment for our buyers and sellers… Deployment of AI, from standardised cataloging and intelligent matchmaking to advanced conversational tools, is streamlining user interactions and driving efficiency,” CEO Dinesh Agarwal said. 

IndiaMART To Launch Lending Arm 

Separately, the company’s board approved the incorporation of a wholly owned subsidiary, IndiaMART Finance, to provide short-term working capital financing to its business users. 

According to the company, the new entity will help strengthen customer trust, engagement and retention by offering credit solutions to buyers and sellers on its platform. 

IndiaMART will subscribe to the entire paid-up capital of ₹5 Lakh in the proposed subsidiary. Its incorporation remains subject to approvals from the Ministry of Corporate Affairs and other regulatory authorities. 

Founded in 1996, IndiaMART operates one of India’s largest online B2B marketplaces, connecting buyers with suppliers across categories such as industrial products, machinery, electronics, apparel and consumer goods. Besides its core marketplace, the company has expanded into SaaS through Busy Infotech and now plans to enter business lending.

Shares of IndiaMART closed 0.74% lower at ₹1,919.15 on the BSE today.

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