Indiamart Intermesh Limited
8,573words
28turns
0analyst exchanges
0executives
Key numbers — 40 extracted
rs,
11%
36%
12%
13%
33%
35%
16%
37%
18%
10%
39%
Guidance — 4 items
Note
opening
“1) Last 12 Months IndiaMART InterMESH Ltd Live Product Listings Unique Business Enquiries 121 Mn 10% YoY 29 Mn 17% YoY 1,493 paying suppliers added this quarter 7 Busy Q1 FY26 Result Overview Revenue from Operations 25 Cr 29% YoY1 Net Profit 6 Cr Net Billing1 53 Cr 64% YoY1 EBITDA 5 Cr Deferred Revenue & Advances 101 Cr 61% YoY1 Cash Flow from Operations 21 Cr”
Note
opening
“1) Fourth Quarter of the year has traditionally been the best quarter in terms of collections from customer for that financial year IndiaMART InterMESH Ltd 41 Cash Flow From Operations - Consolidated Yearly trends Quarterly trends 623 559 476 402 323 261 136 103 114 271 (₹ in Crore) 161 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 35% 45% 43% 39% 38% 38% % of Collections 37% 29% 31% 50% 37%”
Note
opening
“1) Fourth Quarter of the financial year traditionally has high Cash flow from Operations due to seasonal impact of Collections from Customers IndiaMART InterMESH Ltd 42 Deferred Revenue – Consolidated (₹ in Crore) Quarterly trends 18% YoY 1,678 1,678 1,735 1,440 1,474 1,483 1,492 Yearly trends 20% CAGR 1,162 907 685 726 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26”
Note
opening
“1) Fourth Quarter of the financial year traditionally has high Cash flow from Operations due to seasonal impact of Collections from Customers IndiaMART InterMESH Ltd 51 Deferred Revenue - Standalone Yearly trends 19% CAGR 1,134 907 684 726 61% 64% 63% 63% (₹ in Crore) Quarterly trends 15% YoY 1,600 1,395 1,421 1,426 1,430 1,600 1,628 64% 63% 63% 63% 63% 63% 61% FY20 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 ~20% of deferred revenue gets recognized within next 3 months”
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Risks & concerns — 5 flagged
1) Fourth Quarter of the financial year traditionally has high Cash flow from Operations due to seasonal impact of Collections from Customers IndiaMART InterMESH Ltd 42 Deferred Revenue – Consolidated (₹ in Crore) Quarterly trends 18% YoY 1,678 1,678 1,735 1,440 1,474 1,483 1,492 Yearly trends 20% CAGR 1,162 907 685 726 FY20 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26
— Note
1) Fourth Quarter of the financial year traditionally has high Cash flow from Operations due to seasonal impact of Collections from Customers IndiaMART InterMESH Ltd 51 Deferred Revenue - Standalone Yearly trends 19% CAGR 1,134 907 684 726 61% 64% 63% 63% (₹ in Crore) Quarterly trends 15% YoY 1,600 1,395 1,421 1,426 1,430 1,600 1,628 64% 63% 63% 63% 63% 63% 61% FY20 FY21 FY22 FY23 FY24 FY25 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 ~20% of deferred revenue gets recognized within next 3 months
— Note
108 Crore, Holding: 28.7% 66 IDfy – Digital Identity Verification and Fraud detection platform IDfy is an Integrated Identity Platform offering solutions for KYC, Background Verifications, Risk Mitigation, Digital Onboarding and Digital Privacy.
— Note
1 2 3 Video/Non-Video Based Document Collection Identifying Document Tampering - Face, Text, Image Real time data extraction – Face, Signature 6 5 4 Aggregate and infer data and identify risk and fraud signals Financial & Legal Risk Profiling Information verification from source database https://www.idfy.com/ IndiaMART InterMESH Ltd Baldor Technologies Pvt Ltd IndiaMART Investment: Rs.
— Note
ISO 22301:2019 – Business Continuity Management Standard Certificate ISO 31000:2018 – Risk Management System IndiaMART InterMESH Ltd 91 Privacy Information Management System (PIMS) Governance – Trusted Systems and Processes 1.
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Speaking time
28
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Opening remarks
Note
1) YoY growth excludes reclassification impact due to change in the channel partner payout structure of Busy Infotech from Nov’ 24 IndiaMART InterMESH Ltd 5 Q1 FY26 Results Overview (Standalone) Revenue from Operations Collections Deferred Revenue 346 Cr 10% YoY EBITDA 135 Cr 39% Margin 15% YoY 374 Cr 10% YoY Net Profit 166 Cr 39% Margin 34% YoY 1,628 Cr 15% YoY Cash Flow from Operations 144 Cr 39% of Collections 16% YoY IndiaMART InterMESH Ltd 6 Q1 FY26 Operational Performance (Standalone) Paying Suppliers Indian Supplier Storefronts 218 K 1% YoY 8.4 Mn 6% YoY Active Buyers1 43 Mn 6% YoY Annualised Revenue Per Paying Supplier ₹ 64 K 9% YoY
Note
1) Last 12 Months IndiaMART InterMESH Ltd Live Product Listings Unique Business Enquiries 121 Mn 10% YoY 29 Mn 17% YoY 1,493 paying suppliers added this quarter 7 Busy Q1 FY26 Result Overview Revenue from Operations 25 Cr 29% YoY1 Net Profit 6 Cr Net Billing1 53 Cr 64% YoY1 EBITDA 5 Cr Deferred Revenue & Advances 101 Cr 61% YoY1 Cash Flow from Operations 21 Cr
Note
1) Net billing reflects invoices issued net of trade discounts and GST. From Nov’24, discounts are reclassified as expenses due to a change in the channel partner payout structure. YoY growth excludes reclassification impact IndiaMART InterMESH Ltd 8 Laser Cutting Machine IndiaMART Business Overview IndiaMART InterMESH Ltd Traditional Marketplace to Online Marketplace Offline Discovery Online Discovery, Anytime, Anywhere Additional services for business enablement Conversational commerce CRM – Lead Manager Accounting Tax & Invoicing Business enablement - SaaS 10 IndiaMART InterMESH Ltd Post RFQ India’s Largest Online B2B Marketplace B2B marketplace is a growing market Diversified across categories & geographies 2-way discovery marketplace Behavioral data driven algorithmic matchmaking Strong network effects IndiaMART InterMESH Ltd Subscription based revenue model with negative working capital 11 Services that Empower Businesses Buyers Suppliers Diverse set of products & suppliers Web s
Note
1) Basis aggregate buyers who have submitted enquiries during the last 5 years 2) Figures as on March 31, 2025 3) Population as per 2011 census IndiaMART InterMESH Ltd 15 2-way Discovery Marketplace Call Cloud Telephony PremiumNumberService Buyer Submit RFQ Buylead Consumption Verification & Enrichment Supplier Chat CRM – Lead Manager CRM – LeadManager IndiaMART InterMESH Ltd 16 CRM – Lead Manager & Conversational Commerce ~152mn Replies1 & Callbacks2 during Q1 FY26 Direct Buyer Callback 4.0 Reviews & Ratings Ratings Call Option & Alerts Add Notes, Set Reminders
Note
1) Total Replies via desktop, Mobile site, Email & App 2) Total Callbacks via Mobile site & App IndiaMART InterMESH Ltd AI-based Smart Reply AI-based Smart Reply AI-based Smart Reply One Tap Product Sharing AI-based Smart Reply AI-based Smart Reply 17 How RFQ / BuyLead Works Buyer Submits Industry Specific RFQ AI-driven Enrichment & Matchmaking RFQ Selection by Supplier Buyer Supplier Interaction through CRM – Lead Manager IndiaMART InterMESH Ltd 18 Behavioral Data Driven Algorithmic Matchmaking Product Location Buyer Requirement AI/ML Algorithm Supplier Preferences Price Quantity IndiaMART InterMESH Ltd 19 Key Competitive Strengths – Brand & Network Effect • 29 Mn Unique Business Enquiries (1) • 152 Mn Replies & Callbacks (1) • Call Responsiveness • RFQ selection Enquiries & Conversations • 43 Mn Active Buyers (2) • 58% Repeat Buyers(3) • 38% Suppliers are Buyers • 4.8 Play Store Rating Buyers PROPRIETARY BEHAVIORAL DATA Supplier • 8.4 Mn Suppliers • 218K Paying Supplier • Multi-chann
Note
1) ARPU represents Revenue from operations for the current quarter divided by Paying supplier at period end & the same has been multiplied by 4 to represent annualised run-rate 2) RFQ Quota:- Silver Monthly: Daily - 1 Weekly - 7; Silver Annual/MYR: Daily - 1 Weekly - 10; Gold: Daily - 2 Weekly - 20 to 30; Platinum: Daily - 2 to 4 Weekly - 30 to 100 IndiaMART InterMESH Ltd 21 Enterprise Solutions – Partnering Across a Wide Spectrum
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