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Earnings Call

Indiamart Intermesh Earnings Call: Key Takeaways

IndiaMart delivered 12% revenue growth with improved margins, but faces persistent churn in its smaller monthly subscriber segments despite aggressive marketing and AI-driven efficiency gains.

Why this was an Alfa AlertNot a filter event. Results were generally in line with previous performance and guidance.
Highlights
Revenue growthRevenue up 12% YoY to ₹372cr; collections grew 17% to ₹430cr.
MarginsEBITDA margins stable at 39% (standalone); sustainable target 32-33%.
Order bookDeferred revenue grew 18% YoY to ₹1,735cr.
Demand visibilityPositive, with unique business inquiries growing 17% to 29 million.
Management confidenceCautiously optimistic; focusing on product quality over rapid subscriber expansion.

Growth

Revenue grew 12% to ₹372cr; collections rose 17% to ₹430cr, supported by robust upselling to top-tier customers.

Outlook

Management guides for sustainable EBITDA margins between 32% and 33% while scaling advertising spend.

Risks

Persistent high churn in monthly subscribers (7%) and slower new paying supplier additions are primary concerns.

Source

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

Read the document ↗

Indiamart Intermesh Limited: 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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