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Earnings Call Transcript

IndiaMART InterMESH Earnings Call Transcript: Key Takeaways

Consolidated revenue ₹429 Cr (+10% YoY) with 37% EBITDA margin, but paying suppliers fell 615 QoQ on Silver churn; management gave no churn timeline and admits 10-15% enquiry loss.

Highlights
Revenue growthConsolidated revenue ₹429 Cr, +10% YoY; collections +9%.
MarginsEBITDA margin 37%; management guides 33% long-run, calls it conservative.
Demand visibilityEnquiries down 10-15% from peak; Google AI Overviews cut traffic.
Management confidenceDefensive: no churn guidance, avoids quantified targets.

Growth

Revenue +10%, collections +9%, deferred revenue +16% YoY; growth ARPU-led, supplier base shrinking.

Outlook

No quantified FY27 guidance; 33% long-run EBITDA margin; BUSY billing growth 20-30% expected from Q3 onward.

Risks

Silver churn persists; ~10-15% enquiry loss from Google AI shifts; no churn timeline; ₹8 Cr other-income MTM loss.

Source

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

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IndiaMART InterMESH Ltd: key numbers

Share price
₹1,487.20
Market cap
₹8,944 Cr
Revenue (annual)
₹1,569 Cr
Net profit (annual)
₹474.7 Cr
P/E (TTM)
17.8×Sector 61.8×
Promoter holding
49.07%+0.00% QoQ
FII holding
20.32%Current quarter

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

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