IndiaMART reports strong Q2 FY26 revenue growth, expands paying suppliers

IndiaMART InterMESH Ltd. reported a consolidated revenue from operations of INR 391 crore for Q2 FY26, a 12% year-over-year increase. This growth was driven by IndiaMART Standalone revenue of INR 360 crore (up 9% YoY) and Busy Infotech revenue of INR 29 crore (up 46% YoY). Consolidated EBITDA for the quarter stood at INR 130 crore, with a 33% margin. Net profit for the period was INR 83 crore, representing a 21% margin. The company also saw a 14% YoY increase in collections from customers, totaling INR 406 crore.

Deferred revenue as of September 30, 2025, increased to INR 1,750 crore, marking an 18% YoY growth. Cash flow from operations for the quarter was INR 114 crore, and cash and investments balance reached INR 2,874 crore. Operationally, IndiaMART registered 31 million unique business inquiries, a 12% YoY growth, and increased its paying suppliers to 222K, with a net addition of 4K.

The company's strategic investments in accounting software, including Busy Infotech and Livekeeping Technologies, continue to expand, providing mobile and cloud functionality to Tally users and serving a growing number of businesses. These investments, totaling approximately INR 715 crore, reinforce IndiaMART's commitment to enhancing its B2B marketplace through integrated business solutions.