Financial Performance Summary

Consolidated Results (Q2 FY2027 vs Q2 FY2026):

  • Revenue from Operations: ₹429 crore (10% YoY growth from ₹391 crore)
  • Net Profit: ₹91 crore
  • Cash Flow from Operations: ₹135 crore
  • Cash and Investments balance: ₹3,234 crore as of September 30, 2026
  • Collections from Customers: ₹443 crore (9% YoY growth)
  • Deferred Revenue: ₹2,029 crore (16% YoY growth)

Standalone Results (Q2 FY2027 vs Q2 FY2026):

  • Revenue from Operations: ₹389 crore (8% YoY growth from ₹360 crore)
  • EBITDA: ₹156 crore (36% YoY growth)
  • EBITDA Margin: 40%
  • Net Profit: ₹106 crore (27% YoY growth)
  • Net Profit Margin: 28%
  • Collections from Customers: ₹394 crore (8% YoY growth)
  • Deferred Revenue: ₹1,863 crore (14% YoY growth)
  • Cash Flow from Operations: ₹124 crore (14% YoY growth)
  • Cash and Investments: ₹2,970 crore (11% YoY growth)

Revenue Breakdown:

  • IndiaMART Standalone Revenue: ₹389 crore
  • Busy Infotech Revenue: ₹37 crore

Collections Breakdown:

  • IndiaMART Standalone Collections: ₹394 crore
  • Busy Infotech Collections: ₹46 crore

Deferred Revenue Breakdown:

  • IndiaMART Standalone Deferred Revenue: ₹1,863 crore
  • Busy Infotech Deferred Revenue: ₹155 crore

Operational Highlights (Q2 FY2027)

  • Unique business enquiries: 27 million
  • Supplier Storefronts: 8.9 million (4% YoY growth)
  • Paying suppliers: 217,000 (2% YoY decrease)

Management Commentary

Mr. Dinesh Agarwal, Chief Executive Officer, stated: "We remain focused on driving sustainable growth by building a trusted and reliable marketplace for both buyers and sellers. Our efforts to strengthen platform trustworthiness are fostering greater confidence and deeper, more meaningful engagement across the marketplace. AI remains central to enhancing user experience, from discovery and matchmaking to conversational tools, while we also explore new monetisation avenues. With a robust business model and strong cash generation, we remain well positioned to create long-term value for all our stakeholders."

Quarterly Performance Metrics Table

| Metric | Standalone Q2FY27 | Standalone Y-o-Y | Standalone Q-o-Q | Consolidated Q2FY27 | Consolidated Y-o-Y | Consolidated Q-o-Q |

| Total Income | ₹380 crore | 3% | (18%) | ₹421 crore | 5% | (19%) |

| Revenue from Operations | ₹389 crore | 8% | 3% | ₹429 crore | 10% | 3% |

| EBITDA | ₹156 crore | 36% | 5% | ₹159 crore | 23% | 9% |

| EBITDA Margin (%) | 40% | - | - | 37% | - | - |

| Net Profit | ₹106 crore | 27% | (40%) | ₹91 crore | 10% | (47%) |

| Net Profit Margin (%) | 28% | - | - | 22% | - | - |

| Collections from Customer | ₹394 crore | 8% | (2%) | ₹443 crore | 9% | (4%) |

| Cash flow from Operations | ₹124 crore | 14% | (19%) | ₹135 crore | 19% | (17%) |

| Deferred Revenue | ₹1,863 crore | 14% | 0% | ₹2,029 crore | 16% | 1% |

| Cash and Investments | ₹2,970 crore | 11% | (10%) | ₹3,234 crore | 13% | (9%) |

| Paying Suppliers (In '000) | 217 | (2%) | (0%) | - | - | - |

Investor Relations Activity

IndiaMART will host an earnings webinar for investors and analysts on Tuesday, October 27, 2026 at 17:00 hours IST to discuss results and developments for the quarter ended September 30, 2026. The senior management will be present to address the webinar.

Registration link: https://us06web.zoom.us/webinar/register/WNYx0ETfdnQTKIpnSI7O-7Q

An audio & video recording will be available in the Investor Relations section of the company website: https://investor.indiamart.com/