Indiamart Q1 results: Profits fell 14% to Rs 15.35 crore in turn, revenues rose 12%

Indiamart Intermesh Limited, a parent company of the business-to-business (B2B) market, said its profit was Rs 15.35 billion in the first quarter of 2026 (FY26), a sequential decline of 14%.

According to the exchange filing, the company made a profit of Rs 1,806 crore in the January March quarter (Q4).

Meanwhile, the combined net profit of B2B market providers increased by 34% year-on-year (YOY), corresponding to Rs 115.5 million in the corresponding quarter a year ago.

Its document said that operating revenue for the quarter was Rs 372.1 billion, up 4% from Rs 355.1 billion in turn, up 12% year-on-year, up from Rs 33.13 billion.

Looking ahead, the company’s total expenses for the quarter were Rs 246.5 crore, up Rs 11 crore from Rs 2347 crore in the fiscal year 2400 Q4 and Rs 246 crore from Rs 22.19 crore in the same period last year.

“We continue to build on growth momentum, which is the basis for healthy growth, deferred income and cash flows based on revenue,” said Dinesh Agarwal, CEO of the company.

Agarwal added that our focus remains on strengthening the platform, enhancing the user experience of buyers and suppliers, and improving our products in line with the growing needs of the business.

Indiamart conducted unique inquiries for $29 million in the first quarter of fiscal 26, accounting for 17% growth. Supplier storefronts grew to 8.4 million, up 6% year-on-year, while 218,000 suppliers paid at the end of the quarter, a net increase of 1,500.

The company connects buyers and sellers of Indian product categories and geography to make the business easier.

Meanwhile, on Friday, the company’s shares ended in green at Rs 2,655.0, up 1.08% on the National Stock Exchange (NSE).