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21 announcements match the current filters (relevance ≥ 5).
IndiaMART Incorporates 100% Subsidiary 'IndiaMART Finance Limited'
IndiaMART Intermesh has formally incorporated a wholly-owned subsidiary, IndiaMART Finance Limited, as of August 04, 2026. This follows a prior board intimation on July 21, 2026, and aligns with the company's strategy to leverage its B2B marketplace data for transaction financing. With a base of 222,000 paying suppliers and a 60% market share in B2B classifieds, the company is positioning itself to offer credit products. This move is backed by a strong balance sheet with a net worth of Rs 2,542 Cr and minimal debt of Rs 23 Cr.
Confidence: HIGH
What changedThe company has moved from planning to the formal legal creation of a dedicated entity for its financial services business.
Why it mattersThis represents a structural shift from a pure classifieds/SaaS model to a fintech-enabled marketplace, potentially increasing margins and customer stickiness by providing credit to SMEs.
Incorporation Date: August 04, 2026Paying Suppliers: 222,000Total Strategic Investments: Rs 685 CrStrategic Investments vs Net Worth: ~27%TTM Revenue: Rs 1,569 Cr
📅 Short termNeutral to slightly positive as the market recognizes the formalization of the fintech vertical, though immediate revenue impact will be nil.
📈 Long termSignificant potential to re-rate the business if IndiaMART successfully scales credit products to its massive SME supplier base, leveraging its proprietary transaction data.
⚠ Risk flags
- Regulatory risks associated with NBFC licensing
- Credit risk management in the SME segment
- Execution risk in a new business vertical
Key Highlights
Incorporation of IndiaMART Finance Limited completed on August 04, 2026
Wholly-owned subsidiary status (100% ownership) established
Targets the existing ecosystem of 222,000 paying suppliers for financial services
Strategic investment pool of Rs 685 Cr already exists on a consolidated basis
Aims to enhance the Annualized Revenue Per Paying Supplier, currently at Rs 65,000
👀 What to Watch
Monitor upcoming filings for the subsidiary's capital infusion details and any applications for an NBFC license from the RBI to operationalize lending.
₹65 Cr investment in Fleetx Technologies to increase stake to 25.80%
IndiaMART InterMESH has entered into an agreement to invest ₹64.99 Cr in Fleetx Technologies Private Limited, an AI-powered fleet and logistics SaaS platform. The investment involves subscribing to 4,630 Compulsory Convertible Preference Shares (CCPS) at a significant premium. Post-transaction, IndiaMART's aggregate shareholding in Fleetx will reach 25.80% on a fully diluted basis. Fleetx has shown steady growth, with turnover increasing from ₹46.15 Cr in FY23 to ₹77.80 Cr in FY25.
Confidence: HIGH
What changedIndiaMART is deepening its financial commitment to Fleetx Technologies, increasing its stake to 25.80% through a fresh ₹65 Cr capital infusion.
Why it mattersThis aligns with IndiaMART's strategy to move beyond B2B classifieds into a comprehensive SaaS ecosystem for SMEs, specifically targeting logistics and supply chain efficiency.
Investment Amount: ₹64.99 CrPost-deal Stake: 25.80%Target FY25 Turnover: ₹77.80 CrInvestment vs TTM Revenue: ~4.14%Investment vs Net Worth: ~2.56%
📅 Short termThe market is likely to view this as a consistent execution of IndiaMART's capital allocation strategy toward strategic SaaS investments.
📈 Long termStructural move to capture more of the SME value chain; success depends on the ability to cross-sell logistics software to the existing IndiaMART supplier base.
⚠ Risk flags
- Related-party transaction risk
- SaaS sector execution risk
- Valuation premium paid for CCPS
Key Highlights
Investment of ₹64.99 Cr for 4,630 CCPS at a premium of ₹1,40,352 per share
Final aggregate shareholding to reach 25.80% on a fully diluted basis
Fleetx turnover grew 68.5% over two years, reaching ₹77.80 Cr in FY25
Transaction expected to be completed within 30 days via cash consideration
Fleetx is an existing associate company, making this a related party transaction at arm's length
👀 What to Watch
Investors should monitor how IndiaMART integrates Fleetx's logistics optimization tools with its core B2B marketplace to drive value for its 222,000 paying suppliers.
₹414 Cr Revenue in Q1 FY27; IndiaMART Reports 11% Growth but Net Supplier Base Declines
IndiaMART reported a consolidated revenue of ₹414 Cr for Q1 FY27, an 11% YoY increase, with a healthy EBITDA margin of 35%. However, the company faced a net decline of 1,850 paying suppliers, bringing the total base to 2.18 lakh, primarily due to churn in the entry-level Silver tier. A significant positive is the 16% YoY growth in deferred revenue to ₹2,014 Cr, which exceeds the TTM revenue. The company also announced the formation of IndiaMART Finance Limited to facilitate MSME credit through partnerships, leveraging its ₹3,553 Cr cash reserve.
Confidence: HIGH
What changedIndiaMART reported its Q1 FY27 results and announced the creation of a new subsidiary, IndiaMART Finance Limited, to enter the credit facilitation space.
Why it mattersWhile revenue and deferred revenue are growing, the net decline in suppliers indicates pressure at the lower subscription tiers; the new finance arm is a strategic attempt to deepen the ecosystem and monetize the buyer-seller relationship.
Revenue (Q1 FY27): ₹414 CrNet Profit (Q1 FY27): ₹172 CrDeferred Revenue vs TTM Revenue: ~128%Cash Balance vs Market Cap: ~33.6%Net Supplier Change: -1,850 unitsEBITDA Margin: 35%
📅 Short termThe stock may face pressure due to the net decline in paying suppliers, despite the revenue growth and strong margins.
📈 Long termLong-term value depends on the company's ability to upsell Silver tier members to Gold/Platinum and the successful scaling of Busy Infotech and the new financing vertical.
⚠ Risk flags
- Elevated churn at the Silver subscription tier
- Net decline in paying supplier base
- Dependency on performance marketing for traffic growth
Key Highlights
Consolidated revenue grew 11% YoY to ₹414 Cr for the quarter ended June 30, 2026
Net decline of 1,850 paying suppliers in Q1, ending with a total base of 2.18 lakh
Deferred revenue increased by 16% YoY to ₹2,014 Cr, providing strong future visibility
Busy Infotech revenue surged 47% YoY to ₹36 Cr with 12,000 new licenses sold
Consolidated cash and treasury balance remains robust at ₹3,553 Cr
👀 What to Watch
Monitor the stabilization of the paying supplier base in upcoming quarters and the progress of the new 'IndiaMART Finance' subsidiary in facilitating MSME credit.
IndiaMART Q1 FY27: Net Profit Up 12% to ₹172 Cr; Deferred Revenue Grows 16% to ₹2,014 Cr
IndiaMART reported a consolidated revenue of ₹414 Cr for Q1 FY27, an 11% YoY increase, supported by standalone growth and Busy Infotech. Net profit rose 12% YoY to ₹172 Cr, with standalone EBITDA margins remaining strong at 40%. A significant positive is the 16% YoY growth in deferred revenue to ₹2,014 Cr, providing high future revenue visibility. However, paying suppliers remained stagnant at 218,000, reflecting a slight sequential decline from the previous quarter.
Confidence: HIGH
What changedIndiaMART transitioned into Q1 FY27 with steady 11% revenue growth and improved standalone EBITDA margins of 40%.
Why it mattersThe company maintains a dominant 60% market share in B2B classifieds and has built a massive cash cushion (30% of market cap), though the stagnation in paying suppliers is a key operational metric to track.
Consolidated Revenue (Q1): ₹414 CrConsolidated Net Profit: ₹172 CrDeferred Revenue: ₹2,014 CrCash & Investments: ₹3,553 CrCash to Market Cap Ratio: ~30.6%Paying Suppliers: 218,000
📅 Short termThe stock may see positive sentiment due to the strong margin profile and healthy deferred revenue growth, which offsets the flat supplier growth.
📈 Long termThe structural shift toward digital B2B procurement and the expansion of the 'Busy' accounting ecosystem remain long-term drivers, supported by a debt-free balance sheet.
⚠ Risk flags
- Stagnant growth in paying suppliers (218k vs 222k in previous filings)
- Dependency on performance marketing (Google/Meta) for traffic growth
Key Highlights
Consolidated Revenue from Operations grew 11% YoY to ₹414 Cr
Deferred Revenue increased 16% YoY to ₹2,014 Cr, indicating strong future visibility
Standalone EBITDA margin stood at 40% with an EBITDA of ₹149 Cr
Cash and Investments balance reached ₹3,553 Cr, approximately 30.6% of the current market cap
Paying suppliers count was 218,000, showing a 1% decline quarter-on-quarter
👀 What to Watch
Monitor the trajectory of paying supplier additions in upcoming quarters to ensure the platform's monetization engine isn't stalling. Watch for management's commentary on the utilization of the ₹3,553 Cr cash reserve for potential M&A or shareholder rewards.
IndiaMART Q1 FY27: Revenue up 10% to ₹414 Cr; Paying Suppliers Decline by 1,852
IndiaMART reported a 10% YoY growth in consolidated revenue to ₹414 Cr for Q1 FY27, with EBITDA margins improving to 35%. While financial metrics like Net Profit (₹172 Cr, up 16%) and ARPU (₹69K, up 11%) showed strength, operational metrics were mixed. The company experienced a sequential decline of 1,852 paying suppliers and an 11% YoY drop in unique business enquiries to 26 million. Busy Infotech remains a high-growth segment with revenue increasing 47% YoY to ₹36 Cr.
Confidence: HIGH
What changedThe company reported its Q1 FY27 results, showing steady financial growth but a rare sequential dip in the paying supplier base and a double-digit decline in enquiries.
Why it mattersAs India's largest B2B marketplace, a decline in enquiries and paying suppliers suggests potential saturation or increased churn among SMEs, which could impact long-term subscription revenue.
Revenue (Q1 FY27): ₹414 CrNet Profit (Q1 FY27): ₹172 CrDeferred Revenue: ₹2,014 CrARPU: ₹69,000Unique Business Enquiries: 26 MnRevenue vs TTM Revenue: ~26.4%
📅 Short termThe market may react cautiously to the decline in paying suppliers and enquiries despite the profit growth and healthy margins.
📈 Long termThe structural shift towards higher ARPU and the expansion of the accounting software ecosystem (Busy Infotech) are critical for maintaining growth as the core marketplace matures.
⚠ Risk flags
- Decline in unique business enquiries (-11% YoY)
- Sequential loss of 1,852 paying suppliers
- Dependency on performance marketing for traffic growth
Key Highlights
Consolidated Revenue from Operations reached ₹414 Cr, a 10% YoY increase.
Net Profit grew 16% YoY to ₹172 Cr, supported by a 35% EBITDA margin.
Paying suppliers stood at 218,000, reflecting an 8% YoY increase but a quarterly decline of 1,852.
Unique business enquiries dropped 11% YoY to 26 million.
Deferred revenue grew 12% YoY to ₹2,014 Cr, providing future revenue visibility.
👀 What to Watch
Monitor the trend in paying supplier additions and enquiry growth in the coming quarters, as these are leading indicators for the core marketplace business. Evaluate if the high growth in Busy Infotech (47% YoY) can eventually offset the slowing momentum in the core B2B classifieds segment.
IndiaMART to Enter Financial Services via New Subsidiary "IndiaMART Finance Limited"
IndiaMART has approved the incorporation of a wholly-owned subsidiary, IndiaMART Finance Limited, to provide financial services to its platform users. The entity will focus on meeting short-term working capital needs for its 222,000 paying suppliers, leveraging its 60% market share in B2B classifieds. While the initial capital is a nominal Rs 5 lakh, the move aligns with the company's strategy to use accounting data from its 'Busy' software for transaction financing. This announcement was made alongside Q1 FY27 results, where the company reported a standalone EPS of Rs 29.29.
Confidence: HIGH
What changedIndiaMART is expanding its business scope from a B2B marketplace and software provider into the financial services and SME lending sector.
Why it mattersThis move allows IndiaMART to monetize its deep SME data and 'Busy' accounting software integration by offering credit, potentially increasing platform stickiness and revenue per supplier.
Initial Subsidiary Capital: Rs 5,00,000Paying Suppliers: 222,000Q1 FY27 Standalone EPS: Rs 29.29TTM Revenue: Rs 1,569 CrMarket Share (Organized B2B): 60%
📅 Short termPositive sentiment is expected as the company clarifies its fintech roadmap, though the immediate financial impact of the Rs 5 lakh investment is negligible.
📈 Long termSignificant potential to transform into a transaction-led platform; however, it introduces new risks including credit cycles and increased regulatory oversight.
⚠ Risk flags
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- Credit risk in SME lending
- Regulatory approvals from MCA and potentially RBI
- Execution risk in a non-core industry
Key Highlights
Incorporation of 100% subsidiary 'IndiaMART Finance Limited' for financial services
Initial paid-up capital of Rs 5,00,000 consisting of 50,000 equity shares of Rs 10 each
Strategic focus on short-term working capital for its base of 222,000 paying suppliers
Standalone EPS for the quarter ended June 30, 2026, reported at Rs 29.29
Company currently maintains a high OPM of 33.0% and a net worth of Rs 2,542 Cr
👀 What to Watch
Monitor the regulatory approval process for the subsidiary and any subsequent applications for an NBFC license to enable direct lending.
₹60 Total Dividend Approved at IndiaMART 27th AGM; Director Changes Confirmed
IndiaMART Intermesh Limited held its 27th Annual General Meeting on June 29, 2026, where shareholders approved a total dividend of ₹60 per equity share (comprising a ₹30 final dividend and a ₹30 special dividend). This payout represents approximately 76% of the TTM EPS of ₹79.08, signaling a strong commitment to returning cash to shareholders. The meeting also saw the re-appointment of Brijesh Kumar Agrawal as Director and the cessation of Dhruv Prakash as a Non-Executive Director. All resolutions were passed with near-unanimous support, with over 99.99% of votes cast in favor of the dividend and financial statements.
Confidence: HIGH
What changedShareholders have formally ratified the FY26 financial results and the significant ₹60 per share dividend payout, while the board composition saw the exit of one non-executive director.
Why it mattersThe high dividend yield (approx 3.1% at current price) and high payout ratio demonstrate strong cash flow generation, which may provide a floor for the stock price following a 26.5% decline over the last 12 months.
Total Dividend per Share: ₹60Dividend Payout Ratio (vs TTM EPS): ~75.9%Dividend Yield (at ₹1918.1 price): 3.13%Votes in Favor of Dividend: 99.9994%Total Shareholders: 1,59,394
📅 Short termThe stock may experience positive sentiment in the coming weeks as the dividend payment process commences, potentially attracting yield-seeking investors.
📈 Long termWhile the dividend is positive, long-term value depends on the company's ability to penetrate the remaining 90-95% of the SME market and successfully scale its 'Busy' accounting software segment.
⚠ Risk flags
- High dividend payout ratio may reduce capital available for strategic M&A
- Slowdown in organic traffic growth (3% vs 7% previously) remains a core business risk
Key Highlights
Approved a total dividend of ₹60 per share, consisting of ₹30 final and ₹30 special dividend for FY 2025-26
Resolution for dividend approval passed with 99.9994% of votes in favor
Mr. Dhruv Prakash ceased to be a Non-Executive Non-Independent Director effective June 29, 2026
A total of 49,373,200 votes were polled for the dividend resolution out of 60,143,148 eligible shares
The company reported 1,59,394 total shareholders as of the June 22, 2026 cut-off date
👀 What to Watch
Investors should note the high dividend payout ratio and monitor the upcoming record date for payment. The focus remains on whether the company can maintain this level of cash return while pursuing its 15-18% growth target in a slowing traffic environment.
IndiaMART Announces ₹60 Total Dividend; 27th AGM Scheduled for June 29, 2026
IndiaMART InterMESH Limited has scheduled its 27th Annual General Meeting for June 29, 2026, via video conferencing. The Board has recommended a substantial total dividend of ₹60 per equity share, consisting of a ₹30 final dividend and a ₹30 special dividend for FY 2025-26. The record date for determining dividend eligibility is June 19, 2026, with the payout expected within 30 days of shareholder approval. Additionally, the meeting will address the re-appointment of Mr. Brijesh Kumar Agrawal as a Director.
Key Highlights
Recommended total dividend of ₹60 per share, including a ₹30 special dividend for FY 2025-26.
The 27th Annual General Meeting (AGM) is scheduled for June 29, 2026, at 10:00 a.m. IST.
Record date for dividend entitlement is fixed as Friday, June 19, 2026.
Remote e-voting facility will be available from June 24 to June 28, 2026.
Proposal for the re-appointment of Mr. Brijesh Kumar Agrawal as a Director retiring by rotation.
👀 What to Watch
Investors seeking the ₹60 dividend must hold shares by the record date of June 19, 2026. Shareholders should also review the Integrated Annual Report for insights into the company's FY26 performance and sustainability goals.
IndiaMART Q4 FY26: Revenue Up 14% to ₹404 Cr; Declares Total Dividend of ₹60
IndiaMART reported a steady 14% YoY growth in Q4 revenue to ₹404 crores, with full-year FY26 revenue reaching ₹1,569 crores. The company faced a net decline of 1,200 paying suppliers in Q4, bringing the total to 2.2 lakh, primarily due to price hikes in the Silver tier and geopolitical headwinds. Despite this, EBITDA margins remained robust at 33% for the quarter. A significant total dividend of ₹60 per share was recommended, including a ₹30 special dividend, while net profit was temporarily impacted by mark-to-market treasury losses.
Key Highlights
Consolidated Revenue for FY26 grew 13% YoY to ₹1,569 crores with EBITDA margins at 34%
Deferred revenue increased by 17% YoY to ₹1,965 crores, indicating strong future revenue visibility
Total paying suppliers stood at 2.2 lakh, despite a Q4 net loss of 1,200 suppliers attributed to price increases
Board recommended a total dividend of ₹60 per share, consisting of a ₹30 final and ₹30 special dividend
Busy Infotech subsidiary performed well with ₹170 crores in annual billing and 44% normalized deferred revenue growth
👀 What to Watch
Investors should monitor the stabilization of the paying supplier base in the coming quarters to ensure price hikes do not lead to sustained churn. The high dividend payout and strong deferred revenue growth provide a safety net, but treasury volatility and subscriber growth remain key watch areas.
IndiaMART Audited FY26 Results: Goodwill at INR 4,542M and Clean Auditor Report
IndiaMART InterMESH Limited has submitted its audited financial statements for the fiscal year ended March 31, 2026, receiving a clean audit opinion. The report emphasizes significant goodwill assets from the acquisitions of Busy Infotech (INR 4,122.34 million) and Livekeeping Technologies (INR 420.38 million). Additionally, the company holds substantial investments in associates and other entities totaling over INR 7,629 million. The audit focused on the complexity of revenue recognition for web services and the valuation of long-term strategic investments.
Key Highlights
Goodwill for Busy Infotech Private Limited is valued at INR 4,122.34 million
Goodwill for Livekeeping Technologies stands at INR 420.38 million
Investments in associates are recorded at INR 3,600.24 million as of March 31, 2026
Fair value of investments in other entities is reported at INR 4,029.05 million
Auditors issued an unmodified opinion on the consolidated financial statements
👀 What to Watch
Investors should monitor the operational performance of Busy Infotech to ensure no future impairment of the significant goodwill on the balance sheet. Review the full P&L on the company's investor portal to evaluate revenue and margin trends for the quarter.
IndiaMART Q4 FY26: Revenue Up 14% to ₹404 Cr; Total Dividend of ₹60 Declared
IndiaMART reported a 14% YoY growth in consolidated revenue for Q4 FY26, reaching ₹404 crore, while full-year revenue grew 13% to ₹1,569 crore. Despite steady top-line growth, consolidated net profit for the quarter saw a sharp decline of 72% YoY to ₹50 crore, and full-year profit fell 14% to ₹475 crore. The company maintained strong cash generation with ₹290 crore from operations in Q4 and a robust cash balance of ₹3,280 crore. To reward shareholders, the board recommended a substantial total dividend of ₹60 per share, including a ₹30 special dividend.
Key Highlights
Consolidated Revenue from Operations grew 14% YoY to ₹404 crore in Q4 FY26.
Board recommended a total dividend of ₹60 per share, comprising a ₹30 final and ₹30 special dividend.
Deferred revenue increased by 17% YoY to ₹1,965 crore, providing strong future revenue visibility.
Standalone EBITDA margin remained healthy at 37% for the quarter with EBITDA of ₹135 crore.
Paying suppliers grew marginally by 1% YoY to 220,000, while unique business enquiries stood at 27 million.
👀 What to Watch
Investors should investigate the cause of the 72% YoY drop in quarterly net profit to determine if it stems from one-off items or structural cost increases. While the high dividend yield and deferred revenue growth are positive, the stagnant growth in paying suppliers (1% YoY) warrants caution regarding future scaling.
IndiaMART FY26 Net Profit Rises 16% to ₹475 Cr; Paying Suppliers Dip Slightly in Q4
IndiaMART reported a steady FY26 with consolidated revenue growing 12% YoY to ₹1,569 crore and net profit increasing 16% to ₹475 crore. While the company maintained healthy EBITDA margins of 34%, the standalone paying supplier base saw a marginal decline of 1,236 in Q4, ending at 220,000. However, the average revenue per paying supplier (ARPU) improved by 8% YoY to ₹67,000, indicating better monetization of existing clients. The subsidiary Busy Infotech showed strong growth with revenue up 44% YoY, contributing to the diversified SaaS portfolio.
Key Highlights
Consolidated FY26 revenue grew 12% YoY to ₹1,569 crore with an EBITDA margin of 34%.
Net profit for the full year increased by 16% to ₹475 crore, supported by strong cash flow from operations of ₹694 crore.
Standalone paying suppliers stood at 220,000, reflecting a slight quarterly decline of 1,236 users.
Annualised Revenue Per Paying Supplier (ARPU) increased by 8% YoY to ₹67,000.
Subsidiary Busy Infotech reported robust performance with FY26 revenue growing 44% to ₹119 crore.
👀 What to Watch
Investors should monitor the trend in paying supplier additions, as the recent quarterly dip suggests potential churn or saturation in certain segments. The growth in ARPU and strong performance of Busy Infotech are positive, but sustained growth in the core supplier base is critical for long-term valuation.
IndiaMART Sets June 19 as Record Date for Rs 60 Total Dividend per Share
IndiaMART Intermesh has fixed June 19, 2026, as the record date to determine eligibility for its upcoming dividend payments. The company has recommended a final dividend of Rs 30 and a special dividend of Rs 30, totaling Rs 60 per equity share for FY 2025-26. This substantial payout is subject to shareholder approval at the upcoming Annual General Meeting. Once approved, the dividend will be credited to eligible shareholders within 30 days of the declaration.
Key Highlights
Total dividend payout of Rs 60 per equity share consisting of Rs 30 final and Rs 30 special dividend
Record date for determining shareholder eligibility is fixed as Friday, June 19, 2026
Dividend payment will be processed within 30 days from the date of declaration at the AGM
The recommendation follows the Board of Directors meeting held on April 30, 2026
👀 What to Watch
Investors looking to benefit from the Rs 60 per share dividend should ensure they hold the stock before the ex-dividend date. The inclusion of a special dividend reflects a strong cash position and a shareholder-friendly capital allocation policy.
IndiaMART Announces Total Dividend of Rs 60 Per Share Including Special Dividend
IndiaMART InterMESH Limited has recommended a substantial total dividend of Rs 60 per equity share for the financial year 2025-26. This payout is comprised of a final dividend of Rs 30 and an additional special dividend of Rs 30 per share, both on a face value of Rs 10. The company has fixed June 19, 2026, as the record date for determining eligibility. This move indicates a strong cash position and a commitment to rewarding shareholders through significant capital return.
Key Highlights
Recommended a total dividend of Rs 60 per equity share for FY 2025-26
Dividend consists of Rs 30 final dividend and Rs 30 special dividend
Record date for dividend eligibility is fixed as June 19, 2026
The 27th Annual General Meeting (AGM) is scheduled for June 29, 2026
Dividend will be paid within 30 days from the date of shareholder approval
👀 What to Watch
Investors looking for dividend income should ensure they hold the stock before the record date of June 19, 2026. The high payout ratio, including the special dividend, reflects management's confidence in the company's cash flow generation.
IndiaMART Recommends ₹60 Total Dividend; FY26 Audited Results Approved
IndiaMART InterMESH has approved its audited financial results for the fiscal year ending March 31, 2026. A significant highlight for shareholders is the recommendation of a total dividend of ₹60 per share, consisting of a ₹30 final dividend and a ₹30 special dividend. The company has fixed June 19, 2026, as the record date for determining dividend eligibility. While the core results are approved with an unmodified opinion, the group reported a share of loss from associates amounting to ₹547.72 million.
Key Highlights
Recommended a total dividend of ₹60 per equity share (₹30 final and ₹30 special dividend).
Record date for dividend eligibility is fixed as June 19, 2026.
Audited consolidated and standalone financial results for FY26 approved with an unmodified auditor opinion.
Group's share of total net loss from associates reported at ₹547.72 million for the financial year.
The 27th Annual General Meeting (AGM) is scheduled to be held on June 29, 2026.
👀 What to Watch
Investors should track the record date of June 19 to qualify for the substantial ₹60 dividend payout. While the dividend is a strong positive, the losses in associates warrant a closer look at the full financial statement to assess long-term profitability.
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
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
👀 What to Watch
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.
