IndiaMART Q3 Results: Net profit rises 56% YoY, margin narrows

CNBC TV18

IndiaMART InterMESH posted a strong profit growth in the December quarter on Tuesday, January 20, even as operating margins softened on a year-on-year basis.

The company's net profit rose 55.6% YoY to ₹188.3

crore in Q3 FY26, compared with ₹121 crore a year earlier.

Revenue from operations increased 13.4% YoY to ₹401.6 crore, up from ₹354.3 crore in the corresponding quarter last year.

Operating performance, however, remained under pressure. EBITDA declined 2.9% YoY to ₹134.5 crore, while EBITDA margin narrowed to 33.5% from 39.1% in Q3 FY25.

Collections from customers during the quarter stood at ₹426 crore, marking a 17% YoY increase. This included standalone IndiaMART collections of ₹390 crore, up 14% YoY, and Busy Infotech collections of ₹33 crore, stated the exchange filing.

Operational metrics remained healthy, with unique business enquiries reaching 28 million in Q3 FY26. Supplier storefronts grew 6% YoY to 8.7 million, while the number of paying suppliers stood at 221,000 at the end of the quarter.

Commenting on the results, CEO Dinesh Agarwal said the company is focused on strengthening its platform, improving quality and engagement for buyers and suppliers, and reinforcing trust across the marketplace, supported by the rapid adoption of AI-enabled technologies.

Shares of IndiaMART InterMESH ended lower on Tuesday, January 20, by 2.37% ₹2,142.50 on the NSE.