IndiaMART’s Q2 Profit Soars 24% YoY to ₹827 Crore, Revenue Climbs on Growing Supplier Base

IndiaMART Q2 Earnings Snapshot: Solid Growth Momentum Continues

IndiaMART InterMESH Ltd, India’s leading B2B e-commerce platform, delivered a robust performance in the September quarter (Q2 FY26), driven by steady growth in supplier subscriptions and higher customer engagement. The company continued to benefit from digital procurement tailwinds as more small and medium enterprises (SMEs) leveraged its online marketplace for business visibility and leads.

Financial Performance
The company posted a consolidated net profit of ₹827 million, marking a 24% year-on-year increase compared to the same quarter last year. Revenue from operations stood at ₹3.91 billion, showing continued momentum amid expanding demand from enterprises digitizing their procurement processes. Operating margins remained firm, aided by improved scale efficiency and controlled expenditure.

Management noted that consistent onboarding of paying suppliers and efficient cost management contributed to the quarter’s profitability. The company’s revenue mix continues to skew toward subscription packages, which remain the primary driver of recurring income.

Notable Updates

Steady demand: Subscription-based income rose steadily as SMEs across emerging sectors increased usage of IndiaMART’s premium listing services.

Supplier growth: The supplier base saw continued expansion, reinforcing the company’s position as the largest online B2B marketplace in India.

Operational leverage: Cost efficiencies and technology-led product enhancements supported margin stability during the quarter.

Marketplace innovation: IndiaMART introduced new digital solutions to enhance buyer-seller engagement and improve lead conversion rates.

Strategic outlook: The company reaffirmed its long-term focus on expanding wallet share among existing clients while tapping newer segments in manufacturing, retail, and services.

Major Takeaways

IndiaMART’s Q2 results signal resilience in India’s digital B2B ecosystem, despite broader market volatility. Its sustained expansion in paid supplier subscriptions and improving monetization metrics suggest continued earnings visibility. The platform’s focus on product innovation and seller retention is likely to strengthen its profitability in upcoming quarters.

Source: Company filings, BSE Corporate Disclosures, and IndiaMART Press Statement.