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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart delivers steady revenue and collection growth, but management is pivoting to aggressive buyer-side ad spending to arrest churn and stagnant paying supplier counts.

Highlights
Revenue growthConsolidated revenue grew 12% YoY to ₹372 crore.
MarginsEBITDA margin at 39%, but sustainable guidance lowered to 30-33%.
Order bookDeferred revenue grew 18% YoY to ₹1,735 crore.
Demand visibilityUnique business inquiries grew 17%; inquiries per paying supplier improving.
Management confidenceCautiously optimistic; shifting focus to product quality and buyer marketing.

Growth

Revenue grew 12% YoY; collections up 17%. Busy Infotech normalized billing growth is a strong 64%.

Outlook

Sustainable EBITDA margins guided at 30-33%, down from 39% due to planned ad investments.

Risks

Elevated churn in silver monthly subscribers; stagnant paying supplier additions despite increased marketing spend.

Source

Earnings Call filed with NSE, NSE: INDIAMART. Summary written with AI assistance from the document.

Read the document ↗

IndiaMART InterMESH Ltd: key numbers

Share price
₹1,642.10
Market cap
₹9,876 Cr
Revenue (annual)
₹1,569 Cr
Net profit (annual)
₹474.7 Cr
P/E (TTM)
20.0×Sector 67.6×
Promoter holding
49.07%-0.05% QoQ
FII holding
19.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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