Key Financial Performance (Consolidated)

Profitability Metrics

  • Revenue from operations: ₹4,143.70 million (Q1 FY2026: ₹3,720.80 million), increase of 11.4% YoY
  • Net profit: ₹1,722.38 million (Q1 FY2026: ₹1,535.41 million), increase of 12.2% YoY
  • Profit before tax: ₹2,316.91 million (Q1 FY2026: ₹2,039.10 million), increase of 13.6% YoY
  • Total comprehensive income: ₹1,728.76 million (Q1 FY2026: ₹1,513.38 million)
  • Earnings per share (basic): ₹28.66 (Q1 FY2026: ₹25.59)
  • Earnings per share (diluted): ₹28.56 (Q1 FY2026: ₹25.52)

Segment Revenue Breakdown

  • Web and related services: ₹3,758.74 million (91% of total revenue)
  • Accounting software services: ₹384.96 million (9% of total revenue)
  • India revenue: ₹4,130.68 million (99.7% of total)
  • International revenue: ₹13.02 million (0.3% of total)

Expense Analysis

  • Total expenses: ₹2,748.33 million (Q1 FY2026: ₹2,465.14 million)
  • Employee benefits expense: ₹1,740.10 million (Q1 FY2026: ₹1,609.31 million)
  • Depreciation and amortization: ₹63.58 million (Q1 FY2026: ₹69.27 million)
  • Other expenses: ₹939.06 million (Q1 FY2026: ₹776.20 million)
  • Finance costs: ₹5.59 million (Q1 FY2026: ₹10.36 million)

Key Financial Performance (Standalone)

  • Revenue from operations: ₹3,758.66 million (Q1 FY2026: ₹3,462.99 million), increase of 8.5% YoY
  • Net profit: ₹1,760.48 million (Q1 FY2026: ₹1,660.07 million), increase of 6.0% YoY
  • Profit before tax: ₹2,342.66 million (Q1 FY2026: ₹2,147.99 million), increase of 9.1% YoY
  • Earnings per share (basic): ₹29.29 (Q1 FY2026: ₹27.66)
  • Earnings per share (diluted): ₹29.20 (Q1 FY2026: ₹27.59)

Balance Sheet Position (Consolidated)

Assets

  • Total assets: ₹48,624.16 million (March 31, 2026: ₹46,246.03 million)
  • Non-current assets: ₹14,238.41 million (March 31, 2026: ₹14,310.18 million)
  • Current assets: ₹34,385.75 million (March 31, 2026: ₹31,935.85 million)
  • Cash and cash equivalents: ₹368.11 million (March 31, 2026: ₹804.13 million), decrease of 54.2%
  • Investments (current): ₹33,434.47 million (March 31, 2026: ₹30,294.05 million), increase of 10.4%
  • Investments (non-current): ₹4,665.38 million (March 31, 2026: ₹4,079.05 million), increase of 14.4%
  • Trade receivables: ₹53.35 million (March 31, 2026: ₹54.95 million)

Liabilities and Equity

  • Total equity: ₹22,195.98 million (March 31, 2026: ₹24,003.75 million)
  • Share capital: ₹601.35 million (March 31, 2026: ₹600.84 million)
  • Other equity: ₹21,594.63 million (March 31, 2026: ₹23,402.91 million)
  • Contract liabilities (deferred revenue): ₹20,143.34 million (March 31, 2026: ₹19,652.60 million), increase of 2.5%
  • Total liabilities: ₹26,428.18 million (March 31, 2026: ₹22,242.28 million), increase of 18.8%

Capital Structure Changes

  • Equity shares issued during quarter: 56,000 shares to IndiaMART Employee Benefit Trust
  • Total shares outstanding: 601,435,148 shares (net of 9,590 shares held by Employee Benefit Trust)
  • Final dividend declared: ₹60 per share for FY2026, totaling ₹3,608.01 million, paid subsequent to quarter end
  • Previous dividend: ₹50 per share for FY2025, totaling ₹3,000.49 million paid in Q1 FY2026

Investment Portfolio Details

Current Investments (Fair Value Through Profit/Loss)

  • Mutual funds and exchange traded funds: ₹22,481.03 million
  • Bonds and debentures: ₹6,849.23 million
  • Government securities: ₹4,044.22 million
  • Tri-Party Repo (TREPS): ₹59.99 million
  • Total current investments: ₹33,434.47 million

Non-Current Investments

  • Investment in other entities: ₹4,615.38 million
  • Investment in debt instruments of associates: ₹50.00 million
  • Total non-current investments: ₹4,665.38 million

Subsidiary and Associate Investments

  • Investment in subsidiaries and associates: ₹10,715.37 million (standalone)
  • Four subsidiaries not audited by main auditor: Representing total assets of ₹1,848.64 million, revenues of ₹27.25 million
  • Seven associates accounted under equity method: Share of net loss ₹145.53 million for the quarter
  • Key subsidiaries: Busy Infotech Private Limited, Livekeeping Technologies Private Limited, Tradezeal Online Private Limited, Pay With Indiamart Private Limited, IIL Digital Private Limited

Cash Flow Analysis

  • Net cash from operating activities: ₹1,634.31 million (Q1 FY2026: ₹1,609.64 million)
  • Net cash used in investing activities: ₹(2,040.13) million (Q1 FY2026: ₹1,279.66 million)
  • Net cash used in financing activities: ₹(30.20) million (Q1 FY2026: ₹(3,302.00) million)
  • Net decrease in cash: ₹(436.02) million (Q1 FY2026: ₹(412.70) million)

Key Events and Transactions

Dividend Declaration

  • Final dividend of ₹60 per share (600%) declared for FY2026
  • Total dividend payout: ₹3,608.01 million
  • Record date not specified in disclosure, paid subsequent to quarter end

Related Party Transactions

  • Dividend paid to KMP and relatives: ₹1,413.43 million in Q1 FY2026 (none in current quarter)
  • Rent expenses with related parties: ₹1.70 million to Mansa Enterprises Private Limited
  • Tax consultancy services: ₹0.13 million to S R Dinodia & Co LLP
  • Web services to associates: ₹1.51 million to Simply Vyapar Apps Private Limited, ₹0.28 million to IB Monotaro Private Limited

Contingent Liabilities

  • Income tax demands: ₹302.68 million (unchanged from previous period)
  • Service tax/GST demands: ₹203.80 million (previous: ₹219.18 million)
  • Provision reversal: ₹15.38 million reversed due to favorable CESTAT order regarding service tax demand on CENVAT credit reversal

Subsequent Events

  • No material events between June 30, 2026 and July 21, 2026 (date of financial statement authorization)
  • Dividend for FY2026 paid after quarter end but before filing date