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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

Indiamart delivered modest 12% revenue growth while aggressively experimenting with buyer-side advertising to counter stagnant paying supplier growth. Management is prioritizing long-term product quality over immediate volume expansion.

Why this was an Alfa AlertNot a filter event. Results were generally in line with prior 30-35% margin guidance and modest growth targets.
Highlights
Revenue growth12% YoY consolidated revenue growth; 17% growth in collections.
MarginsEBITDA margins at 39%; sustainable guidance remains 33-35%.
Order bookDeferred revenue grew 18% YoY to ₹1,735 crore.
Demand visibilityStrong unique business inquiries grew 17% YoY to 29 million.
Management confidenceBalanced tone; realistic about churn challenges and experimental ad spend.

Growth

Consolidated revenue grew 12% YoY; Busy Infotech showed 64% normalized billing growth. Supplier growth remained flat.

Outlook

EBITDA margins guided at sustainable 33-35% level; marketing spend budgeted at ₹10cr per quarter.

Risks

High churn in monthly/annual silver tiers; 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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