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IndiaMART InterMESH announced a robust financial performance for the first quarter of fiscal year 2025-26, with its standalone net profit surging by 35 percent year-on-year to INR 154 crore. This positive result, coupled with a 12 percent growth in consolidated revenue from operations, is likely to keep IndiaMART shares in focus. The company also demonstrated healthy increases in customer collections and deferred revenue, driven by operational efficiencies including GenAI integration.
IndiaMART InterMESH shares are likely to remain in focus following the company's strong financial performance in the first quarter of fiscal year 2025-26. The business-to-business marketplace reported a 35 percent year-on-year (YoY) increase in its standalone net profit for the recent quarter, reaching INR 154 crore, up from INR 114 crore in the corresponding period a year ago. Advertisement
The company's consolidated revenue from operations stood at INR 372 crore in the first quarter of the fiscal year, marking a 12 percent YoY growth compared to INR 331 crore reported in the same quarter last year. This growth included IndiaMART's standalone revenue of INR 346 crore, which rose 10 percent YoY, and a contribution of INR 25 crore from Busy Infotech, a subsidiary. The company also reported a profit margin of 33 percent.
Customer collections for the quarter showed a healthy increase to INR 430 crore, registering a 17 percent YoY growth. Of this, standalone collections contributed INR 374 crore, reflecting a 10 percent YoY rise, while Busy Infotech's collections stood at INR 53 crore. IndiaMART's deferred revenue, a key indicator of future earnings, as of the close of the recent quarter (June 30, 2025), increased to INR 1,735 crore, representing an 18 percent YoY growth. IndiaMART's standalone deferred revenue accounted for INR 1,628 crore, with Busy Infotech contributing INR 101 crore.
Operationally, IndiaMART recorded 29 million unique business enquiries in the first quarter of the fiscal year, reflecting a 17 percent YoY increase. Supplier storefronts grew 6 percent YoY to reach 8.4 million. The number of paying suppliers at the end of the quarter stood at 2,18,000, with a net addition of 1,500 suppliers during the three-month period.
The company reported cash flow from operations at INR 161 crore, while its cash and investments balance stood at a robust INR 2,762 crore as of the close of the recent quarter (June 30, 2025).
Following the Q1 results, domestic brokerage firm HDFC Securities maintained an 'add' rating for the stock, setting a target price of INR 2,600. HDFC Securities noted that IndiaMART had reported a strong quarter with 4.8 percent quarter-on-quarter and 12.3 percent year-on-year revenue growth, supported by a 17.5 percent YoY rise in cash collections-which marked the highest in six quarters.
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