IndiaMART Reports 10% Profit Increase in Second Quarter

IndiaMART InterMESH reported a net profit of ₹90.7 crore for the second quarter of the 2027 fiscal year, a 9.8% increase compared to the ₹82.6 crore recorded in the same period last year. Despite the year-over-year gains, the company’s profit dropped 47.3% compared to the previous quarter, when it reached ₹172.2 crore.

Financial Performance and Operational Metrics

Operating revenue for the B2B ecommerce platform grew 10% year-over-year to reach ₹428.6 crore. However, total income fell to ₹421 crore, impacted by negative other income of ₹7.6 crore. The company attributed this to interest income calculations on financial assets. Total expenses rose 2.7% to ₹276.3 crore, while the company’s share of losses from associates increased to ₹15.3 crore.

Operational data indicated growth in user engagement. The company reported 2.7 crore unique business enquiries for the quarter. Supplier storefronts increased by 4% to 89 lakh, with 2.2 lakh paying suppliers by the end of the quarter. Annualized revenue per paying supplier rose 10% to approximately ₹72,000.

Strategic Outlook

CEO Dinesh Agarwal stated that the company is focusing on platform trustworthiness and AI integration to improve user experience. “With a robust business model and strong cash generation, we remain well positioned to create long-term value for all our stakeholders,” Agarwal said. Following the report, shares of IndiaMART closed 4.09% higher at ₹1,625.95 on the BSE.

Why it matters: As a major B2B marketplace, IndiaMART’s financial health serves as a bellwether for the digital transformation of small and medium enterprises in emerging markets. The company’s emphasis on AI-driven matchmaking and supplier retention highlights broader trends in digital commerce adoption that are increasingly relevant to economic digitization strategies in the Middle East and Egypt.