IndiaMART reports 10% profit increase in second fiscal quarter

B2B ecommerce platform IndiaMART InterMESH reported a net profit of ₹90.7 Cr for the second quarter of the 2027 fiscal year, up from ₹82.6 Cr in the same period last year. While year-on-year performance improved, the company experienced a 47.3% drop in profit compared to the preceding quarter, which recorded ₹172.2 Cr.

Operating revenue reached ₹428.6 Cr, a 10% increase year-on-year. However, total income was affected by negative other income of ₹7.6 Cr, bringing the figure to ₹421 Cr. Total expenses rose to ₹276.3 Cr, driven in part by a widening share of losses from associates, which reached ₹15.3 Cr.

Operational metrics showed mixed results, with EBITDA declining 2% to ₹156 Cr, though the EBITDA margin saw a 300 basis point improvement to 40%. The company reported growth in paying suppliers, which reached 2.2 lakh, and an increase in annualised revenue per supplier to ₹72,000.

CEO Dinesh Agarwal attributed the performance to ongoing investments in platform trustworthiness and AI-driven user experience enhancements. Following the earnings announcement, IndiaMART shares closed 4.09% higher at ₹1,625.95 on the BSE.