IndiaMART Q2 FY27 net profit rises 10% YoY to ₹91 Cr
IndiaMART InterMESH reported a 10% year-on-year increase in net profit for the September quarter (Q2 FY27), reaching ₹90.7 Cr, while operating revenue grew by the same margin to ₹428.6 Cr. The results reflect modest growth despite a sequential decline in profitability and higher expenses.
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Financial performance in Q2 FY27
IndiaMART InterMESH reported a 9.8% year-on-year increase in net profit for the September quarter, rising to ₹90.7 Cr from ₹82.6 Cr in the same period last year, according to Inc42. However, net profit declined sequentially by 47.3% from ₹172.2 Cr in the previous quarter.
Operating revenue grew 10% year-on-year to ₹428.6 Cr, though total income fell to ₹421 Cr due to a negative other income of ₹7.6 Cr. Total expenses increased by 2.7% year-on-year to ₹276.3 Cr.
EBITDA and margins
IndiaMART’s EBITDA for the quarter fell by 2% year-on-year to ₹156 Cr. Despite this, the EBITDA margin improved by 300 basis points to 40%, signaling better cost management relative to revenue growth.
User and revenue metrics
Customer collections grew 9% year-on-year to ₹443 Cr, with ₹394 Cr coming from IndiaMART’s standalone business and ₹46 Cr from its subsidiary, Busy Infotech. Unique business enquiries reached 2.7 Cr in Q2 FY27, while paying suppliers stood at 2.2 Lakh at the end of the quarter. Supplier Storefronts grew 4% year-on-year to 89 Lakh.
Shares of IndiaMART closed 4.09% higher at ₹1,625.95 on the BSE.
What this means
Lazyfounder analysis — our interpretation, not reported fact.
IndiaMART’s results highlight the resilience of its B2B marketplace model, even as it navigates sequential volatility. The 10% year-on-year growth in both net profit and operating revenue suggests steady demand for its services, while the improved EBITDA margin indicates tighter cost controls. For founders and operators in India’s B2B ecommerce space, this performance may signal stability in buyer-seller transactions, though the sequential drop in profitability could reflect broader economic cautiousness or one-time costs.
The growth in Supplier Storefronts and business enquiries—key leading indicators—points to a healthy pipeline, which could reassure investors about IndiaMART’s long-term positioning. However, the decline in paying suppliers (2.2 Lakh from a higher base in earlier quarters) might indicate churn or pricing pressures that competitors could exploit.
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Sources
- Inc42 · 2026-10-27
IndiaMART Q2 Profit Rises 10% YoY To ₹91 Cr
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About the author
Editor, Lazyfounder
Tarun Mottlia edits LazyFounders, covering Indian startups, funding rounds, AI and product launches. Every story on the site is AI-assisted and checked against its cited sources before publication.
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