Revenues also saw a healthy rise of 12.4%, reaching ₹372 crore, while EBITDA jumped 55% to ₹133.4 crore. Despite this robust growth, the company maintained steady margins, with EBITDA margins at 35.9%, closely aligned with last year’s 36.2%, reflecting disciplined cost management and operational efficiency.
Customer collections grew 17% to ₹430 crore, supported by ₹374 crore from standalone operations (a 10% increase) and an additional ₹53 crore contributed by Busy Infotech. On the platform front, IndiaMART registered 29 million unique business enquiries, a 17% increase year-on-year. Supplier storefronts expanded 6% to 8.4 million, while the base of paying suppliers grew by 1,500 to a total of 218,000.
CEO Dinesh Agarwal emphasised the company’s focus on sustainable growth, stating, “We continue to build on our growth momentum, underpinned by healthy increase in revenue, deferred revenue and cash flows. Our focus remains on strengthening the platform, enhancing user experience for both buyers and suppliers, and improving our offerings in line with the evolving needs of businesses.”
Reflecting confidence in IndiaMART’s trajectory, brokerage firm Nuvama raised its earnings estimates by 9% for FY26 and 10% for FY27. The firm highlighted the company’s entry into a new demand upcycle and praised management’s efforts in reducing competitive pressures on suppliers—signaling a strong strategic position in a rapidly evolving marketplace.
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Shares of IndiaMART InterMESH Ltd ended at ₹2,653.40, up 0.95%, or ₹24.90, on the BSE.
(Edited by : Ajay Vaishnav)
First Published: Jul 18, 2025 5:49 PM IST
