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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart delivers moderate 12% revenue growth with resilient margins, though customer additions remain sluggish. Management is pivoting towards aggressive buyer-side advertising and Gen-AI automation to counteract churn in lower-tier segments.

Highlights
Revenue growth12% YoY revenue growth; consolidated collections up 17% YoY.
MarginsStandalone EBITDA margin at 39%; consolidated net profit at ₹154cr.
Order bookDeferred revenue stood at ₹1,735 crore, up 18% YoY.
Demand visibilityUnique business inquiries grew 17%, indicating improving platform engagement.
Management confidenceCautiously optimistic, focusing on product quality over rapid subscriber expansion.

Growth

Revenue grew 12% YoY; collections up 17% (normalized 13%). Busy Infotech showed strong 64% normalized growth.

Outlook

Sustainable EBITDA margins guided at 30-33%; incremental advertising spend capped at ₹10cr per quarter.

Risks

High churn in monthly silver subscribers persists; heavy reliance on ARPU growth over subscriber volume.

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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