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IndiaMART Q3 FY26 Revenue Grows 13% to ₹402 Cr; Net Profit Hits ₹188 Cr on One-time Gains
IndiaMART InterMESH reported a 13% YoY growth in consolidated revenue to Rs. 402 crores for Q3 FY26, with an EBITDA margin of 33%. Net profit stood at Rs. 188 crores, significantly aided by a one-time fair valuation gain of Rs. 82 crores from its investment in Baldor Technologies. However, the paying supplier base marginally declined by 1,000 to 221,000 following price hikes in the silver subscription tier and seasonal factors. The company maintains a strong balance sheet with a treasury balance of Rs. 3,051 crores and deferred revenue growth of 19%.
Key Highlights
Consolidated revenue from operations increased by 13% YoY to Rs. 402 crores
Net profit of Rs. 188 crores includes a one-time fair valuation gain of Rs. 82 crores
Paying supplier count dipped by 1,000 to 2.21 lakh due to price hikes and seasonal factors
Deferred revenue grew 19% YoY to Rs. 1,775 crores, providing strong revenue visibility
Busy Infotech achieved a normalized billing growth of 28% YoY, reaching Rs. 33 crores
💼 Action for Investors
Investors should monitor the stabilization of the paying supplier base in upcoming quarters to confirm that price hikes haven't permanently dampened subscriber growth. The strong cash position and growth in deferred revenue remain key pillars of the company's valuation.
IndiaMART Q3 FY26 Results: Associate Losses at ₹145.6 Million; Auditor Issues Unmodified Opinion
IndiaMART InterMESH Limited has announced its audited financial results for the quarter and nine months ended December 31, 2025. The consolidated performance was impacted by a share of net loss from eight associate companies totaling ₹145.58 million for the quarter and ₹420.70 million for the nine-month period. Four subsidiaries contributed a modest revenue of ₹20.26 million during the quarter. The statutory auditor, B S R & Co. LLP, provided an unmodified opinion on the financial statements, confirming compliance with Ind AS 34 standards.
Key Highlights
Share of net loss from 8 associate companies stood at ₹145.58 million for Q3 FY26.
Cumulative nine-month loss from associates reached ₹420.70 million as of December 31, 2025.
Four subsidiaries reported total assets of ₹1,757.99 million and quarterly revenue of ₹20.26 million.
Net cash outflows for the four subsidiaries amounted to ₹28 million for the nine-month period.
The auditor's report was unmodified, though it relied on other auditors for subsidiary and associate data.
💼 Action for Investors
Investors should closely monitor the path to profitability for IndiaMART's associate investments, as they remain a drag on consolidated earnings. Focus on standalone revenue growth and margin stability to gauge the health of the core B2B marketplace business.
IndiaMART Q3 FY26: Net Profit Surges 56% YoY to ₹188 Cr; Deferred Revenue Reaches ₹1,775 Cr
IndiaMART reported a strong consolidated performance for Q3 FY26, with revenue from operations growing 15% YoY to ₹402 crore. The company's net profit saw a significant jump of 56% YoY to ₹188 crore, driven by improved margins and operational efficiencies. Deferred revenue, a key lead indicator for future growth, increased by 17% YoY to ₹1,775 crore. While the paying supplier base grew 4% YoY to 221,000, there was a marginal sequential decline of 1,000 suppliers during the quarter.
Key Highlights
Consolidated Net Profit grew by 56% YoY to ₹188 crore with a healthy EBITDA margin of 33%.
Deferred revenue increased by 17% YoY to ₹1,775 crore, ensuring strong future revenue visibility.
Annualised Revenue Per Paying Supplier (ARPU) improved by 11% YoY to ₹67,000.
Standalone paying suppliers stood at 221,000, though the company saw a net decline of 1,000 suppliers in Q3.
Subsidiary Busy Infotech reported robust growth with revenue increasing 28% YoY to ₹32 crore.
💼 Action for Investors
Investors should remain positive on the stock given the strong bottom-line growth and robust deferred revenue pipeline. However, the sequential dip in paying suppliers should be monitored in upcoming quarters to ensure long-term growth remains intact.
IndiaMART Q3 FY26: Net Profit Jumps 56% YoY to ₹188 Cr; Revenue Up 13%
IndiaMART reported a 13% YoY growth in consolidated revenue to ₹402 Crore for Q3 FY26, supported by a 17% increase in collections. While consolidated EBITDA saw a slight 3% YoY decline to ₹134 Crore, the net profit surged by 56% YoY to ₹188 Crore. A significant highlight is the 19% YoY growth in deferred revenue to ₹1,775 Crore, indicating strong future revenue visibility. However, the paying supplier base saw a marginal sequential decline of 0.5%, ending the quarter at 221,000.
Key Highlights
Consolidated Revenue from Operations grew 13% YoY to ₹402 Crore.
Consolidated Net Profit increased by 56% YoY to ₹188 Crore with a 35% margin.
Deferred Revenue reached ₹1,775 Crore, representing a healthy 19% YoY growth.
Cash and Investments balance remains strong at ₹3,051 Crore as of December 31, 2025.
Paying suppliers stood at 221,000, showing 3% YoY growth but a 0.5% QoQ decline.
💼 Action for Investors
Investors should take confidence in the robust deferred revenue growth and strong cash position which ensures long-term stability. However, monitoring the paying supplier growth trajectory is essential as it showed a slight sequential dip this quarter.
IndiaMART Q3 FY26 Results: Board Approves Financials; Associate Losses at ₹145.58 Million
IndiaMART InterMESH Limited has approved its audited financial results for the quarter and nine months ended December 31, 2025. The consolidated performance was impacted by a quarterly net loss of ₹78.25 million from four audited subsidiaries and a ₹145.58 million share of loss from eight associates. For the nine-month period, the total share of losses from associates reached ₹420.70 million. Despite these losses in the investment ecosystem, the company maintains subsidiary assets totaling ₹1,757.99 million.
Key Highlights
Board approved audited consolidated and standalone results for Q3 and 9M ended December 31, 2025.
Four audited subsidiaries reported a quarterly revenue of ₹20.26 million and a net loss of ₹78.25 million.
Group's share of net loss from eight associates stood at ₹145.58 million for the quarter.
Cumulative nine-month losses from associates amounted to ₹420.70 million compared to ₹214.82 million loss in subsidiaries.
Total assets of audited subsidiaries were reported at ₹1,757.99 million as of December 31, 2025.
💼 Action for Investors
Investors should monitor if the core marketplace revenue growth is sufficient to offset the widening losses in the associate ecosystem. Focus on the path to profitability for key subsidiaries like Busy Infotech and Livekeeping.
IndiaMART Q3 FY26 Results: Subsidiaries and Associates Post Combined Loss of ₹223.8 Million
IndiaMART InterMESH Limited has approved its financial results for the quarter ended December 31, 2025. The consolidated performance was impacted by a net loss of ₹78.25 million from its four audited subsidiaries and a further ₹145.58 million share of loss from eight associates during the quarter. While the subsidiaries' revenue for the nine-month period stood at ₹49.98 million, they represent a significant asset base of ₹1,757.99 million. The results reflect the ongoing investment phase and financial drag from the company's expanded ecosystem of digital and fintech entities.
Key Highlights
Four audited subsidiaries reported a combined net loss of ₹78.25 million for Q3 FY26.
Company's share of net loss from eight associates totaled ₹145.58 million for the quarter.
Total revenue from audited subsidiaries for the nine-month period ended Dec 2025 was ₹49.98 million.
Total assets of the audited subsidiaries were reported at ₹1,757.99 million as of December 31, 2025.
The board meeting concluded at 3:29 p.m. following the approval of standalone and consolidated results.
💼 Action for Investors
Investors should evaluate if the growth in IndiaMART's core standalone business is sufficient to offset the widening losses in its subsidiary and associate portfolio. Monitor the path to profitability for key associates like Simply Vyapar and IB MonotaRO.