IndiaMART InterMESH (INDIAMART) Q4 25/26 earnings summary

Executive summary

• Consolidated revenue from operations for FY26 reached INR 1,569 crore, up 13% year-over-year, with Q4 revenue at INR 404 crore; net profit for FY26 was INR 475 crore, with Q4 net profit at INR 50 crore.

• Standalone revenue for FY26 was INR 1,443 crore, up 19% year-over-year, with standalone net profit at INR 525 crore.

• Customer collections for FY26 were INR 1,857 crore, up 14% year-over-year.

• Deferred revenue increased 17% year-over-year to INR 1,965 crore.

• The Board recommended a total dividend of INR 60 per share, including a special dividend, subject to shareholder approval.

Financial highlights

• Consolidated EBITDA for FY26 was INR 530 crore (34% margin), with Q4 EBITDA at INR 133 crore (33% margin).

• Cash generation from operations was INR 694 crore for FY26, with cash and treasury balance at INR 3,280 crore as of March 31, 2026.

• Net profit margin for FY26 was 27% (consolidated) and 32% (standalone).

• Annualized revenue per paying supplier rose 8% year-over-year to INR 67,000.

• Dividend payout maintained at 40%-60% of cash generated.

Outlook and guidance

• Double-digit growth is targeted in the near term, with ongoing experiments in value-added services, credit facilitation, and business enablement SaaS.

• ARPU growth is expected to continue, but customer-led growth remains a focus until a higher base is reached.

• No guidance on net adds until sustained improvement in churn is observed.

• The company is monitoring the impact of new labor codes and will account for changes as rules are notified.

• Strategic focus remains on expanding the buyer and supplier network and enabling commerce and fintech solutions.