INDIAMART · Q1 FY27 · investor presentation
INDIAMART
IndiaMART reported strong financial performance in Q1 FY27, with revenue growth driven by their core B2B marketplace and strategic investments. The company emphasized operational efficiency, customer engagement, and expansion into business enablement services like accounting software.




Key financials
| Revenue from Operations | ₹414 crore | YoY |
| EBITDA | ₹146 crore | YoY |
| Net Profit | ₹172 crore | YoY |
| Collections | ₹463 crore | YoY |
Segment commentary
Core Marketplace
Strong growth in paying suppliers and active buyers, with increased engagement through CRM tools.
Busy Infotech
Revenue growth driven by new licenses and expansion into accounting software solutions.
Livekeeping Technologies
Focus on integrating mobile and cloud-based services to enhance user experience.
Guidance & outlook
- Continued focus on expanding buyer-supplier network, enhancing digital enablement, and exploring fintech opportunities.
- Investments in accounting software and business enablement solutions expected to drive future growth.
Notable quotes
“Our investments in technology and customer engagement are paying off, driving sustainable growth.”— Vasudha Bagri
Key takeaways
- IndiaMART's Q1 FY27 results highlight strong financial performance and operational efficiency.
- Strategic investments in accounting software and business enablement are key growth drivers.
- The company is well-positioned to leverage its network effect and technology platform for future expansion.
- Economic uncertainties and competition remain significant risks.
Risks flagged
- Competition in B2B marketplace space.
- Economic uncertainties impacting SMEs.
- Integration challenges with new acquisitions.
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/INDIAMART_21072026153829_InvestorPresentation.pdf
Full transcript (5,944 words)
July 21, 2026
To,
BSE Limited National Stock Exchange of India Limited
(BSE: 542726) (NSE: INDIAMART)
Subject: Investor Presentation on the Audited Consolidated and Standalone Financial
Results of the Company for the quarter ended June 30, 2026
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations,
2015, please find enclosed herewith Investor Presentation on Audited Consolidated and
Standalone Financial Results of the Company for the quarter ended June 30, 2026.
The Investor Presentation is also disseminated on the Company’s website at
https://investor.indiamart.com/FinancialResultsStatements.aspx
Please take the above information on record.
Yours faithfully,
For IndiaMART InterMESH Limited
(Vasudha Bagri)
Compliance Officer
Membership No: A28500
Encl: As above
Make Doing
Business Easy
Earnings Presentation
QUARTER ENDED
JUNE 30, 2026
IndiaMART InterMESH Ltd.
India’s largest online B2B marketplace
connecting buyers with suppliers
Map not to scale
Table of Contents
Combine Harvester
HQIUGAHRLTIGERH THSI G–H QL4IG &H TFSY 2–4 Q-215 FY27 4
INDIAMART BUSINESS OVERVIEW 9
STANDALONE OPERATIONAL PERFORMANCE 32
FINANCIAL PERFORMANCE 35
BUSY INFOTECH & LIVEKEEPING TECHNOLOGIES 47
ESG 53
APPENDIX 61
IndiaMART InterMESH Ltd
Safe Harbour
IndustWriealld Rinobgo Mtaicc Ahirnme
This presentation and the accompanying slides (the “presentation”) contain selected information about the activities of IndiaMART InterMESH Limited Limited (the “Company”) and its
subsidiaries and affiliates (together, the “Group”) as at the date of the presentation. It does not purport to present a comprehensive overview of the Group or contain all the information
necessary to evaluate an investment in the Company.
This presentation is for information purposes only and is not a prospectus, disclosure document or other offering document under any law, nor does it form part of, and should not be
construed as, any present or future invitation, recommendation or offer to purchase or sell securities of the Group or an inducement to enter into investment activity in any jurisdiction,
including the United States. No part of this presentation nor the fact of its distribution should form the basis of, or be relied on in connection with, any contract or commitment or investment
decision whatsoever. If there is any subsequent offering of any security of the Company, it will be made pursuant to a separate and distinct offering documentation. Any decision to purchase
securities in the context of an offering of securities (if any) should be made solely on the basis of information contained in the offering documentation published in relation to such offering.
This presentation is being communicated to selected persons who have professional experience in matters relating to investments for information purposes only and does not constitute a
recommendation regarding any securities of the Group. Other persons should not rely or act upon this presentation or any of its contents.
The distribution of this presentation in certain jurisdictions may be restricted by law and recipients should inform themselves about and observe any such restrictions.
This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, and the rules made
thereunder, as amended, the Securities and Exchange Board of India ( Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended, or any other applicable law in India.
This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company does not make any representation or
warranty, express or implied, as to and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information contained herein, or any statement made in
this presentation. The presentation has not been independently verified. The Company, each member of the Group and their respective affiliates, directors, employees, advisers and
representatives do not accept any liability for any facts made in or omitted from this presentation. To the maximum extent permitted by law, the Company, each member of the Group and
their respective affiliates, directors, employees, advisers and representatives disclaim all liability and responsibility (including without limitation any liability arising from negligence or
otherwise) for any direct or indirect loss or damage, howsoever arising, which may be suffered by any recipient through use of or reliance on anything contained in or omitted from or
otherwise arising in connection with this presentation.
The information contained in, and the statements made in, this presentation should be considered in the context of the circumstances prevailing at the time. There is no obligation to update,
modify or amend such information or statements or to otherwise notify any recipient if any information or statement set forth herein, changes or subsequently becomes inaccurate or
outdated. The information contained in this document is provided as at the date of this document and is subject to change without notice.
No one has been authorized to give any information or to make any representations other than those contained in this presentation, and if given or made, such information or representations
must not be relied upon as having been authorized by the Company or their respective affiliates. The information in this presentation does not constitute financial advice (nor investment, tax,
accounting or legal advice) and does not take into account an investor’s individual investment objectives, including the merits and risks involved in an investment in the Company or its
securities, or an investor’s financial situation, tax position or particular needs.
Past performance information in this presentation should not be relied upon as an indication of (and is not an indicator of) future performance. This presentation contains “forward-looking
statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company's control that could cause the actual results,
performance or achievements of any member of the Group to be materially different from future results, performance or achievements expressed or implied by such forward-looking
statements. Similarly, statements about market and industry trends are based on interpretations of current market conditions which are also subject to change. Attendees are cautioned not
to place undue reliance on forward looking statements. No representation, warranty or assurance (express or implied) is given that the occurrence of the events expressed or implied in any
forward-looking statements in this presentation will actually occur.
This presentation contains data sourced from and the views of independent third parties. In replicating such data in this document, the Company does not make any representation, whether
express or implied, as to the accuracy of such data. The replication of any third-party views in this document should not necessarily be treated as an indication that the Company agrees with
or concurs with such views.
The securities of the Company have not been and will not be registered under the U.S. Securities Act of 1933 (as amended, the “U .S. Securities Act”) or any state securities laws in the
United States and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S.
Securities Act and in accordance with any applicable United States state securities laws. The Company does not intend to conduct a public offering of securities in the United States. You
confirm that you are either (i) both a “qualified institutional buyer” as defined in Rule 144A under the U.S. Securities Act and a “qualified purchaser” as defined under the U.S. Investment
Company Act of 1940 in reliance upon section 3(c)(7) of the U.S. Investment Company Act of 1940 , or (ii) a non-U.S. Person outside the United States. By receiving this presentation, you
are agreeing to be bound by the foregoing and below restrictions. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.
Unless otherwise stated, all the amounts in the presentation have been rounded off to INR crore.
IndiaMART InterMESH Ltd
IndiaMART InterMESH Ltd
Lathe Machine
Highlights
Q1FY27
IndiaMART InterMESH Ltd
Q1 FY27 Results Overview (Consolidated)
Revenue from Operations Collections Deferred Revenue
414 Cr 463 Cr 2,014 Cr
11 8 16
% YoY % YoY % YoY
EBITDA Net Profit Cash Flow from Operations
146 Cr 172 Cr 163 Cr
35 33 35
% Margin % Margin % of Collections
10% YoY 12% YoY 2% YoY
5
IndiaMART InterMESH Ltd
Q1 FY27 Results Overview (Standalone)
Revenue from Operations Collections Deferred Revenue
376 Cr 402 Cr 1,858 Cr
9 8 14
% YoY % YoY % YoY
EBITDA Net Profit Cash Flow from Operations
149 Cr 176 Cr 153 Cr
40 38 38
% Margin % Margin % of Collections
11% YoY 6% YoY 6% YoY
6
IndiaMART InterMESH Ltd
Q1 FY27 Operational Performance (Standalone)
Paying Suppliers Indian Supplier Storefronts
Active Buyers1
218 K 8.8 Mn
41 Mn
0 5 5
% YoY % YoY % YoY
Annualised Revenue Per
Paying Supplier Live Product Listings Unique Business Enquiries
₹ 69 K 132 Mn 26 Mn
9 8 11
% YoY % YoY % YoY
1,852 paying suppliers declined this quarter
1) Last 12 Months
7
IndiaMART InterMESH Ltd
Q1 FY27 Results Overview (Busy)
Deferred Revenue & Advances
Revenue from Operations Billing
146 Cr
36 Cr 59 Cr
47 10 44
% YoY % YoY % YoY
EBITDA Net Profit Cash Flow from Operations
3 Cr 6 Cr 16 Cr
8
IndiaMART InterMESH Ltd
Automated Parcel Sorting System
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
Post RFQ
10
IndiaMART InterMESH Ltd
India’s Largest Online B2B Marketplace
2-way
B2B
Strong
discovery
marketplace is
network
marketplace
a growing
Diversified effects Subscription
Behavioral
market
across based revenue
data driven
categories & model with
algorithmic
geographies negative
matchmaking
working capital
11
IndiaMART InterMESH Ltd
Services that Empower Businesses
Buyers Suppliers
Diverse set of products & suppliers Web storefront
Multimodal Search RFQ – BuyLead
AI driven matchmaking Cloud Telephony – PNS
Product Specifications CRM – Lead Manager
Reviews & Ratings Accounting solutions
Price discovery Business enablement - SaaS
Conversational commerce Logistics SaaS
12
IndiaMART InterMESH Ltd
Well Diversified Across ~98000 Categories
Construction
Construction & Industrial Plants, Electrical Equipment Consumer Electronics Apparel, Clothing & Packaging Material, Industrial &
Machinery, Building
Building Raw Material Machinery & & Supplies & Household Garments Supplies & Machines Engineering Products,
Supplies & Services
Equipment Appliances Spares & Supplies
8% 7% 6% 5% 5% 5% 5% 4%
Vegetables, Fruits, Mechanical Housewares, Home Operation Theater, Pharmaceutical Drugs, Kitchen Containers, Chemicals, Dyes & Fertilizers, Seeds,
Grains, Dairy & Other Components & Parts Appliances, Household Medical Imaging & Medicines, Vitamins & Utensils, Cookware, & Allied Products Agro Machines,
FMCG & Groceries Decorations & Pathology & Hospital Other Products Other Products Poultry & Animal
Consumables Supplies Husbandry
4% 3% 3% 3% 2% 2% 2% 2%
Furniture, Furniture Scientific, Measuring, Cosmetics, Toiletries Gifts, Crafts , Antique Automobiles, Spare Tools, Machine Tools, Electronics Sports Goods, Games,
Supplies & Furniture Laboratory Instruments & Personal Care & Handmade Parts & Accessories Power Tools & Hand Components & Toys & Accessories
Hardware & Supplies Products Decorative Tools Supplies
2% 2% 2% 2% 2% 2% 2% 1%
57 Industries 132 Mn Products
1) % above are for total paying supplier,
as on June 30, 2026
13
IndiaMART InterMESH Ltd
End-To-End Value Chain Discovery – Plastic Recycling Machine
Raw Material Machinery Components Final Product
Steel Beams Shredder Blade
Laser Metal Cutter
and Plates
Hydraulic Press
Bronze Flats Heavy Torque
Brake
Gear Motor
Ceramic Fibre
CNC Machine Extruder Screw
Insulation
Barrels
14
IndiaMART InterMESH Ltd
Well Diversified Across Geographies
Buyers1 % Paying Suppliers %
Metro Cities (8)
Delhi NCR, Mumbai, Bengaluru, Hyderabad,
Kolkata, Ahmedabad, Pune & Chennai
Metro
Tier II Cities
Tier II Cities (69)
Cities 52%
Metro
24%
Cities Population > 500,000, excluding the cities
covered under metros
29%
Rest of India
(~4,000)
Population <500,000
Tier II
Rest of
Cities
Rest of India
30%
India 17%
48% ~ 5,400 Sales & Servicing team
~100 Channel Sales Partner Locations
1) Basis aggregate buyers who have submitted enquiries during the last 5 years
2) Figures as on March 31, 2026
3) Population as per 2011 census
15 15
IndiaMART InterMESH Ltd
2-way Discovery Marketplace
Prem
Call iu m
N
u
Cloud m
b
e
Telephony r
S
e
r
v
ic
e
Submit RFQ Buylead Consumption
Verification &
Enrichment Supplier
Buyer
Chat
CRM–LeadManager
CRM – Lead
Manager
16
IndiaMART InterMESH Ltd
CRM – Lead Manager & Conversational Commerce
~146 mn Replies1 & Callbacks2 during Q1 FY27
Reviews &
RRaatitninggss
4.0
Call Option
& Alerts
Direct Buyer Callback
Add Notes,
Set Reminders
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1) Total Replies via desktop, Mobile site, Email & App
2) Total Callbacks via Mobile site & App
17
IndiaMART InterMESH Ltd
How RFQ / BuyLead Works
Buyer Supplier
Buyer Submits AI-driven
RFQ Selection by Interaction through
Industry Specific Enrichment &
Supplier CRM – Lead
RFQ Matchmaking
Manager
18
IndiaMART InterMESH Ltd
Behavioral Data Driven Algorithmic Matchmaking
Location
Product
Buyer
Requirement Supplier
Preferences
AI/ML Algorithm
Quantity
Price
19
IndiaMART InterMESH Ltd
Leveraging AI: Enhancing User Experience
t
Product Category Intelligence n
e
t y
n t
Data Insights & Analytics o a l i
C u
Q
e
c
n
PROPRIETARY e
i Contextual User Experience
BEHAVIORAL r
e
p Multimodal & Multilingual Search
DATA
x
E
T
r
u
P s
la te
d
t
Content Moderation fo
rm
Systemic User Verification
20
IndiaMART InterMESH Ltd
Key Competitive Strengths – Brand & Network Effect
• 58% Repeat Buyers2 • 26 Mn Unique Business Enquiries1
• 38% Suppliers are Buyers • 146 Mn Replies & Callbacks1
• 4.8 Play Store Rating • RFQ selection
PROPRIETARY
BEHAVIORAL DATA
• 132 Mn Listed Products • 8.8 Mn Suppliers
• Product specifications • 218K Paying Suppliers
• Pricing, photos & videos • Reviews & Ratings
Figures as of June 30, 2026
1) Figures for Q1 FY27
2) Calculated for 90 days
21
IndiaMART InterMESH Ltd
Trusted Ecosystem
Verified Seller Payment Protection Verified Buyer
Know your Seller Verified Bank Accounts GST & Identity Verification
Enabling Trusted Commerce Secure Transactions Credible Business Opportunities
22
IndiaMART InterMESH Ltd
ROI-driven, Subscription Based Revenue Model & RFQ Quota
Key Offerings
Paying suppliers ARPU1 % of
Platinum
Platinum
Web Storefront
(Rs.) Revenue
Gold
Top 1% ~2K 1,135K 16%
Cloud Telephony – PNS
Top 10% ~22K 349K 51%
218K 69K 100%
Silver
Priority Listing
Annual / Multi Year
RFQ Selection Credits - BuyLead
Silver
Monthly
CRM – Lead Manager
Freemium
Free Suppliers
model Buyer Profile
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 – 1 to 2 Weekly – 14 to 30; Platinum: Daily - 1 to 4 Weekly - 30 to 100
23
IndiaMART InterMESH Ltd
Enterprise Solutions – Partnering Across a Wide Spectrum
1) All trademarks, logos & brand names are the property of their respective owners. Use of any third-party names, trademarks & brands are for reference purposes only
2244
IndiaMART InterMESH Ltd
Constant Innovation & Technology Focus
2009 2013 2022 2024
2018
Request for Price Accounting Photo
CRM – Lead
Quotation – Discovery Software Search
Manager
BuyLead
2015 2019 2023 2025
2010
Behavioral Voice & AI Chatbot AI Voice
Cloud
Matchmaking Multi- Agents
Telephony –
Language
PNS
Search
25
IndiaMART InterMESH Ltd
Strategic Outlook
Improve Engagement
• Commerce enablement
₹
• Fintech & accounting
• Business enablement SaaS
Brands
Strategy
• Focus on large & medium
enterprises
Core SME
Business
• Keep expanding buyer &
supplier network
26
IndiaMART InterMESH Ltd
Journey Towards Commerce & Business Enablement
Enablement of Commerce
Discovery Conversation Commerce
Products Specifications & Prices Buyer & Supplier Negotiations Credit Facilitation
Photos / Videos Customer History & Reminder Logistics / Tracking
Reviews & Ratings Quotations & Invoicing Business Enablement
Business Enablement
Accounting / Inventory Distributor Order Receivables Procurement
Compliance
Invoicing Management Management HRMS Management Management Management
27
IndiaMART InterMESH Ltd
Accounting - Strategic Fit for IndiaMART
Supplier Access to New
• Business Necessity
Recommendations Companies
• High Customer Stickiness
• Large & Growing Market Invoice
Discounting / Accounting
Access to SKU
Transaction
Software
Level Data
• Subscription based Revenue Model Financing
Accurate Accurate
Inventory Pricing
~ Rs. 730 crores invested in Accounting space
Represents opportunities available for IndiaMART
28
2288
IndiaMART InterMESH Ltd
Investments in Accounting
~ 1 Mn businesses ~ 6 Mn1 businesses on Tally
Provide mobile & cloud functionality to Tally users
e
g
r 100%*
a
L
d
e
v
r
e
S 26%*
s
e m
s u
i r
p
id
e
r e M 100%*
t
n
E
t
n
e
i 28.6%*
l
C
lla
m
S
Mobile First Cloud Traditional On-Premise
Service DeliveryModel
1) Source Media reports
*IndiaMART Holding
2) All trademarks, logos & brand names are the property of their respective owners. Use of any third-party names, trademarks & brands are for reference purposes only.
29
IndiaMART InterMESH Ltd
Other Strategic Investments
Distribution &
Invoice Discounting Vertical Transport
Logistics Tracking ID Verification & Salesforce & Factoring Commerce Management
Fraud Detection Management
22.2% 10.3% 32.5% 9.6% 18.7% 34.5%
Inventory &
Autonomous Warehouse Legal Tech Supply Chain
Procurement Platform Management HR Tech Platform Solutions
23.2% 26% 10% 14.2% 13.1%
IndiaMART Holding
30
IndiaMART InterMESH Ltd
Investment Portfolio
Brand Name Total Investment1 Shareholding
Investee Company
(clickable link) (in Crore) Aggregate (%)
Subsidiaries
1 Busy Infotech 509 100.0%
2 Livekeeping Technologies 103 100.0%
Strategic Investments
fleetx.io - Crunchbase Company Profile Funding
1 Fleetx Technologies 161 22.2%
2 IB MonotaRO 118 18.7%
3 Baldor Technologies 113 10.3%
4 Simply Vyapar Apps 108 28.6%
bizomlogo.png
5 Mobisy Technologies 72 32.5%
AD epsicctruiprteio cno nautationminagt liocagloly generated
6 Mynd Solutions 53 9.6%
7 Truckhall GDreaspchriipctaiol uns aeur tionmtearftaiccaelly generated 38 34.5%
8 Agillos E-Commerce IDceosncription automatically generated 26 23.2%
LDoegsocription automatically generated
9 Edgewise Technologies 18 26.0%
Zimyo | HR and Payroll Software | Best Employee Experience
10 Zimyo Consulting 17 10.0%
11 Adansa Solutions 14 26.0%
12 Legistify Services 9 14.2%
13 Instant Procurement Services
AD epsicctruiprteio cno nautationminagt ticeaxltly, sgigennerated
1 13.1%
1) At Cost
31
IndiaMART InterMESH Ltd
Plastic Injection Molding Machine
Operational
Performance
(Standalone)
IndiaMART InterMESH Ltd
Operational Metrics
(Figures in Millions, unless otherwise mentioned)
CAGR CAGR
Q4FY26 Q1FY27 YoY Particulars FY21 FY22 FY23 FY24 FY25 FY26
5 Year 3 Year
230 234 9% Registered Buyers 125 149 170 194 211 230 13% 10%
41 41 (5%) Active Buyers - Last 12 Months 35 38 37 39 43 41 3% 4%
27 26 (11%) Unique Business Enquiries 96 97 88 93 106 114 4% 9%
86 85 (13%) Business Enquiries Delivered 610 550 479 520 458 370 (10%) (8%)
8.7 8.8 5% Indian Supplier Storefronts 6.5 7.1 7.5 7.9 8.4 8.7 6% 5%
129 132 8% Live Product Listings 72 83 95 108 119 129 12% 11%
220 218 0% Paying Suppliers* 152 169 203 214 217 220 8% 3%
67 69 9% ARPU* 44 44 46 53 61 66 9% 12%
333 349 10% Top 10% ARPU* 181 194 214 247 289 321 12% 15%
6,222 6,066 (4%) Employees (Nos) 2,701 3,672 4,583 5,384 6,102 6,222 18% 11%
* Figures in Thousand
33
IndiaMART InterMESH Ltd
Paying Suppliers
(Figures in Thousand)
Yearly trends Quarterly trends
8 0
% %
CAGR YoY
214 217 220 222
2 3
203 12 1
3 221
220
218
-1
169 34
218 -1
152 -2
17
5 1
FY 21 FY 22 FY 23 FY 24 FY 25 FY 26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
44 44 46 53 61 66 ARPU 64 65 67 67 69
Net Addition/ Reduction
1) Excludes a one-time benefit of around 1.2K due to simplification of onboarding process for silver subscription packages. Total net additions for Q2FY26 are 4K
34
IndiaMART InterMESH Ltd
Crawler Excavator
Financial
Performance
Consolidated Section
IndiaMART InterMESH Ltd
Financial Performance – Consolidated
(₹ in Crore)
CAGR CAGR
Q4FY26 Q1FY27 YoY Financial Metrics FY21 FY22 FY23 FY24 FY25 FY26
5 Year 3 Year
404 414 11% Revenue from Operations 670 753 985 1,197 1,388 1,569 19% 17%
(34) 107 15% Other Income1 87 112 181 211 272 204
370 521 12% Total Income 756 866 1,166 1,407 1,661 1,773 19% 15%
178 174 8% Manpower Cost 205 268 425 544 601 693 28% 18%
94 94 Other Expenses2 136 178 293 321 265 346
272 268 12% Total Expenses 341 446 718 865 866 1,039 25% 13%
133 146 10% EBITDA 328 308 268 331 523 530 10% 26%
33% 35% EBITDA Margin(%) 49% 41% 27% 28% 38% 34%
49 81 Others3 135 122 165 208 245 259
50 172 12% Net Profit 280 298 284 334 551 475 11% 19%
14% 33% Net Profit Margin(%) 37% 34% 24% 24% 33% 27%
8 29 12% EPS4 (Rs.) 48 49 46 55 92 79 10% 19%
595 463 8% Collections from Customers 711 934 1,219 1,474 1,626 1,857 21% 15%
290 163 2% Cash flow from Operations 323 402 476 559 623 694 17% 13%
49% 35% % of Collections 45% 43% 39% 38% 38% 37%
1) Includes fair value gains/(losses) from financial assets, interest income, dividend income, and other non-operating gains
2) Includes Outsourced Sales Cost and Other Operating Expense
3) Others include – Depreciation, Amortization, Finance Cost, Exceptional Item, Tax Expense & Associates Loss
4) EPS has been adjusted in all years & quarters to give effect of bonus issuance in Q1FY24 36
IndiaMART InterMESH Ltd
Abridged Balance Sheet - Consolidated
(₹ in Crore)
Q4 FY26 Q1 FY27 Particulars FY21 FY22 FY23 FY24 FY25 FY26
1
40 35 Fixed Assets 65 56 99 82 61 40
454 454 Goodwill - - 454 454 454 454
2
87 80 Other Assets 44 52 51 48 67 87
3,280 3,553 Cash & Investments 2,365 2,419 2,335 2,340 2,886 3,280
763 741 Strategic Investments 37 421 512 524 665 763
4,625 4,862 Total Assets 2,511 2,949 3,445 3,449 4,134 4,625
2,400 2,220 Capital & Reserves 1,611 1,874 2,059 1,736 2,185 2,400
3
1,965 2,014 Deferred Revenue 726 907 1,162 1,440 1,678 1,965
67 100 Tax Liabilities 21 16 24 48 53 67
23 22 Lease Liabilities 63 56 46 41 33 23
4
169 507 Other Liabilities 90 96 154 184 185 169
4,625 4,862 Total Liabilities 2,511 2,949 3,445 3,449 4,134 4,625
1) Includes fixed assets, intangible assets & right of use assets
2) Includes security deposits, recoverable from payment gateway, prepaid expenses and remaining assets combined
3) Includes customer advances
4) Includes provisions & payables, statutory liabilities & other financial liabilities
37
IndiaMART InterMESH Ltd
Cash Generation & Utilization
(₹ in Crore)
Particulars FY21 FY22 FY23 FY24 FY25 FY26 Q1FY27
Opening Cash & Treasury Investments 931 2,365 2,419 2,335 2,340 2,886 3,280
Cash flow from operating activities 323 402 476 559 623 694 163
Cash flow from investing activities1 14 (273) (331) 32 (18) 10 16
(i) Non-Operating Income2 21 127 255 71 135 92 16
(ii) Capital expenditure3 3 (4) (16) (14) (8) (7) 0
(iii) Strategic Investments (10) (395) (570) (25) (144) (75) 0
Cash Flow from Financing Activities 1,038 (58) (143) (695) (148) (340) (3)
(i) Proceeds from issue of shares4 1,052 0 0 0 0 0 0
(ii) Other financing activities5 (12) (13) (13) (14) (28) (40) (3)
(iii) Capital distributed to Shareholders6 (1) (46) (130) (681) (120) (300) 0
∆
in Fair Value Gain on Treasury
60 (18) (85) 109 89 30 96
Investments
Closing Cash & Treasury Investments 2,365 2,419 2,335 2,340 2,886 3,280 3,553
~₹1,650 Crore Capital Returned to Shareholders6
1) Adjusted for change in Investments, FDR, Inter corporate deposit & others during the period
2) Includes realized income from treasury investments & net investments in FDRs, Inter Corporate deposits & gain from sale of stake in associates and other investments
3) Includes purchase & sale of property, plant and equipment & other intangible assets & refundable security deposit for listing on stock exchange
4) Includes proceeds from issue of equity shares on exercise of ESOPs & qualified institutions placement
5) Includes cash flow from repayment of lease liability, interest expense & purchase of further shares in subsidiary
6) Includes dividend paid & buyback inclusive of tax; ~1,650 Cr Capital returned to shareholder includes dividend payout for FY26, concluded in July 2026
38
IndiaMART InterMESH Ltd
Collections from Customer - Consolidated
(₹ in Crore)
Quarterly trends
595
541
484
463
430 426
418
406
366 356 363
337 332
321
283
264
254
Q1 FY23 Q2 FY23 Q3FY23 Q4FY23 Q1FY24 Q2FY24 Q3FY24 Q4FY24 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
1) Fourth Quarter of the year has traditionally been the best quarter in terms of collections from customer for that financial year
39
IndiaMART InterMESH Ltd
Legal Entity View
(₹ in Crore)
Financial Metrics FY25 FY26 Q4FY26 Q1FY27 YoY
Revenue from Operations 1,388 1,569 404 414 11%
IndiaMART 1,320 1,443 368 376 9%
Busy Infotech 66 119 34 36 47%
Others1 2 7 2 3
EBITDA 523 530 133 146 10%
IndiaMART 513 520 135 149
Busy Infotech 5 21 6 3
Others1 5 (11) (7) (6)
~90% of Revenue is contributed by IndiaMART standalone business
1) Others include: Other Subsidiaries and Inter Company Adjustments
40
IndiaMART InterMESH Ltd
% of
35% 45% 43% 39% 38% 38% 37% 29% 31% 50% 37%
Collections
Concrete Batching Plant
Financial
Performance
Standalone Basis
IndiaMART InterMESH Ltd
Financial Performance – Standalone
(₹ in Crore)
CAGR CAGR
Q4FY26 Q1FY27 YoY Financial Metrics FY21 FY22 FY23 FY24 FY25 FY26
5 Year 3 Year
368 376 9% Revenue from Operations 665 751 939 1,139 1,320 1,443 17% 15%
(34) 88 4% Other Income1 85 108 113 170 284 191
334 464 8% Total Income 750 859 1,052 1,309 1,604 1,634 17% 16%
162 157 6% Manpower Cost 199 263 399 507 553 634 26% 17%
72 69 Other Expenses2 133 176 278 298 254 288
234 227 7% Total Expenses 332 439 677 805 807 923 23% 11%
142 156 10% Adjusted EBITDA3 339 322 288 358 530 555 10% 24%
39% 41% Adjusted EBITDA Margin(%) 51% 43% 31% 31% 40% 38%
135 149 11% EBITDA 333 312 262 334 513 520 9% 26%
37% 40% EBITDA Margin(%) 50% 42% 28% 29% 39% 36%
31 61 Others4 132 110 102 141 190 186
69 176 6% Net Profit 287 310 272 362 607 525 13% 24%
21% 38% Net Profit Margin(%) 38% 36% 26% 28% 38% 32%
546 402 8% Collections from Customers 707 932 1,167 1,399 1,526 1,674 19% 13%
287 153 6% Cash flow from Operations 326 407 464 545 614 668 15% 13%
53% 38% % of Collections 46% 44% 40% 39% 40% 40%
1) Includes fair value gains/(losses) from financial assets, interest income, dividend income, and other non-operating gains
2) Includes Outsourced Sales Cost and Other Operating Expense
3) Excluding employee share-based payment expense
4) Others include – Depreciation, Amortization, Finance Cost, Exceptional Item & Tax Expense 42
IndiaMART InterMESH Ltd
Abridged Balance Sheet - Standalone
(₹ in Crore)
Q4FY26 Q1FY27 Particulars FY21 FY22 FY23 FY24 FY25 FY26
1
21 19 Fixed Assets 65 56 53 48 33 21
2
41 26 Other Assets 41 49 33 38 43 41
3,066 3,316 Cash & Investments 2,359 2,414 2,202 2,186 2,720 3,066
3
1,474 1,460 Strategic Investments 50 446 1,073 1,095 1,293 1,474
4,602 4,822 Total Assets 2,516 2,965 3,361 3,367 4,090 4,602
2,542 2,365 Capital & Reserves 1,617 1,892 2,064 1,770 2,276 2,542
4
1,832 1,858 Deferred Revenue 726 907 1,134 1,395 1,600 1,832
53 85 Tax Liabilities 21 16 4 21 37 53
23 22 Lease Liabilities 63 56 46 41 33 23
5
152 492 Other Liabilities 89 94 113 140 143 152
4,602 4,822 Total Liabilities 2,516 2,965 3,361 3,367 4,090 4,602
1) Includes fixed assets, intangible assets & right of use assets
2) Includes security deposits, recoverable from payment gateway, prepaid expenses and remaining assets combined
3) Includes investment in subsidiaries & associates and others.
4) Includes customer advances
5) Includes provisions and payables, statutory liabilities & other financial liabilities
43
IndiaMART InterMESH Ltd
Deferred Revenue - Standalone
(₹ in Crore)
Yearly trends Quarterly trends
20 14
% %
CAGR YoY
1,832 1,832 1,858
1,628 1,633 1,654
1,600
1,395
1,134
907
726
62% 60%
62% 61% 62% 62%
63%
64%
63%
63%
64%
Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
FY21 FY22 FY23 FY24 FY25 FY26
~20% of deferred revenue gets recognized within next 3 months
Current Portion (12 Months)
1) Deferred revenue refers to contract liabilities in the financial statements including advances from customers
44
IndiaMART InterMESH Ltd
Revenue from Operations - Standalone
(₹ in Crore)
Yearly trends Quarterly trends
17 9
% %
CAGR YoY
1,443
1,320
376
368 368
346 360
1,139
939
751
665
91%
89% 89%
88%
88%
FY21 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
% of revenue recognized from opening deferred revenue
45
IndiaMART InterMESH Ltd
Functional P&L - Standalone
(₹ in Crore)
CAGR CAGR
Q4FY26 Q1FY27 YoY Particulars FY21 FY22 FY23 FY24 FY25 FY26
5 Year 3 Year
368 376 9% Revenue from Operations 665 751 939 1,139 1,320 1,443 17% 15%
(91) (85) 8% Customer service cost (122) (160) (237) (309) (303) (343) 23% 13%
1
278 290 9% Gross Profit 543 591 702 830 1,017 1,100 15% 16%
75% 77% Gross Margin 82% 79% 75% 73% 77% 76%
(59) (54) (1%) Selling & Marketing (82) (112) (189) (211) (181) (229) 23% 7%
16% 14% % of Revenue 12% 15% 20% 18% 14% 16%
(57) (58) 11% Technology & Content (85) (111) (175) (199) (201) (226) 22% 9%
16% 15% % of Revenue 13% 15% 19% 17% 15% 16%
(27) (29) 13% General & Administration (43) (56) (76) (87) (122) (125) 24% 18%
135 149 11% EBITDA 333 312 262 334 513 520 9% 26%
37% 40% EBITDA Margin 50% 42% 28% 29% 39% 36%
(3) (3) (26%) Depreciation & Amortisation (16) (12) (19) (25) (21) (14) (3%) (10%)
131 147 12% Operating Profit 317 300 242 309 493 506 10% 28%
36% 39% Operating Margin 48% 40% 26% 27% 37% 35%
1) Gross Profit means surplus over customer service cost
2) Refer to Note No. 31 in Standalone Financial Statements for Q1FY27 for details on the basis of classification of function-wise results
46
IndiaMART InterMESH Ltd
Server Rack / Data Center Infrastructure
Busy Infotech &
Livekeeping
Technologies
IndiaMART InterMESH Ltd
Busy – Business Accounting Software
Production &
Job Work
Invest in Team & Awareness
Financial
Accounting
E Way Bills
Accelerate Revenue growth
Scheme Configurable
Management Billing &
E-Invoice
Increase New Licenses Sold
Analytics and Inventory
Report Management
TDS & TCS
Busy Infotech Pvt Ltd
https://busy.in/ IndiaMART Investment: Rs. 509 Crore, Holding: 100%
48
IndiaMART InterMESH Ltd
License Sold
(Figures in Thousand)
Yearly trends Quarterly trends
10 11
% %
CAGR YoY
454
442
12
396 45 442
364 33 431 11
331
33 421
10
30
301 409 12
278
23
12
26
FY21 FY 22 FY 23 FY 24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
New License sold
49
IndiaMART InterMESH Ltd
Billing
(₹ in Crore)
Yearly trends Quarterly trends
36 10
% %
CAGR YoY
170
59
53
45
38
94 33
70
48
42
37
FY21 FY22 FY23 FY24 FY25 FY26 Q1FY26 Q2FY26 Q3FY26 Q4FY26 Q1FY27
50
IndiaMART InterMESH Ltd
Financial Performance
(₹ in Crore)
Q4FY26 Q1FY27 YoY Metrics FY22 FY23 FY24 FY25 FY26 CAGR
34 36 47% Revenue from Operations 35 43 54 66 119 35%
34 42 47% Total Revenue 38 47 62 76 128 35%
12 13 44% Manpower Expenses 18 22 31 39 42 24%
17 20 Other Expenses1 9 11 16 22 56
29 33 64% Total Expenses 27 33 47 61 98 38%
5 3 EBITDA 9 10 7 5 21 24%
16% 9% EBITDA Margin(%) 25% 24% 13% 7% 17%
3 3 Others2 4 4 12 3 10
3 6 Net Profit 8 10 3 12 20 25%
9% 15% Net Profit Margin(%) 21% 22% 5% 15% 16%
45 59 Billing 42 48 70 94 170 42%
10 16 Cash flow from Operations 10 21 24 23 49 49%
124 146 Deferred Revenue 22 27 44 72 124 54%
1) Includes Marketing & Sales Promotion, and Other Operating Expense
2) Others include – Depreciation, Finance Cost & Tax Expense
51
IndiaMART InterMESH Ltd
Livekeeping – Tally on Mobile & Web
Tally on Mobile & Web - Integration with Tally software to provide
Value Added Services with Mobile and Cloud first approach
Dashboard Invoicing
E-way Bills and
Tally Backup
E- invoicing
Receivables & Payment
Payables Reminders
All trademarks, logos and brand names are the property of their respective owners.
Livekeeping Technologies Pvt Ltd
Use of any third-party names, trademarks and brands are for reference purposes only.
https://www.livekeeping.com/ IndiaMART Investment: Rs. 103 Crore, Holding: 100%
52
IndiaMART InterMESH Ltd
Commercial Solar Power Plant
Environment, Social
and Governance
IndiaMART InterMESH Ltd
Environment, Social and Governance
Excellence in
Driving Digital Enablement Empowering Small City Buyers
Corporate Governance
Reduction in travel
100% Free Assistance Diverse & Inclusive
and transport to Buyers Board
Reduces
~48% Buyers from Small
Stakeholders
paper wastage
Cities Management
Trusted Systems
Eco-efficient Operations Transforming Small Suppliers
and Processes
Emissions of 0.03 TCO2e
Cost-Effective Risk Management
per Mn Turnover
Business Enablement Business Continuity
IGBC2 LEED Gold
8.5Mn served Information Security
Certified Corp. Office
free of charge Data Privacy
Click here Click here Click here
Seller Testimonials Seller Testimonials Seller Testimonials
Figures as on March 31, 2026
54
IndiaMART InterMESH Ltd
Community Improvement – Education and Infrastructure
1.8 Million+ lives impacted
97,000+ 1,50,000
Students Children
Math's Improvement & Localized Participating in
Science Content Development for Entrepreneurship Development
95 Social Welfare & 1500 Basic Programme
& Madhyamik Schools in UP
1,500 ideas Received
Incubation Support
26K +
1,200+
Students
Underprivilege
Impacted
Students supported Transforming learning spaces
Infrastructure Enhancement at with modern infrastructure,
MM Hills, Karnataka water facilities and sanitation
in 45+ Schools
Figures as on March 31, 2026
55
IndiaMART InterMESH Ltd
Nurturing People
15%
Employees
5+ years
with
700+
employees
covered in ESOP1
~28%
Females2
1) Employees covered under Indiamart Employee Stock Benefit Scheme 2015 and 2018 who vested stocks till date
2) Females working in verticals other than sales and servicing
3) Figures as on March 31, 2026
56
IndiaMART InterMESH Ltd
Independent Director(s)
Lead Independent Independent Independent
Director Director Director
Pallavi Dinodia Gupta Vivek Narayan Gour Manish Vij
Chartered Accountant and Bachelor’s Bachelor’s degree from the University of Master’s in management science and Bachelor’s
degree in law from Delhi University Bombay and an MBA from Delhi University degree from Devi Ahilya Vishwavidyalaya
Experience Experience Experience
S R Dinodia & Co LLP Tata Finance, Genpact India, GE Capital Smile Group, SVG Media Pvt, Quasar, Tyroo, Zupee
Services India
Independent Independent
Director Director
Sandeep Kumar Barasia Vasuta Agarwal
MBA from London Business School and B.Com, PGDM from IIM Bangalore and B.E. from Birla
Bond University, Australia Institute of Technology & Science, Pilani
Experience Experience
Bay Capital, Delhivery, Bain & Company Gnani.ai, InMobi, McKinsey & Company, Intel
Technologies India
63% 100%
Independent directors Board Meetings chaired by Independent directors
57
IndiaMART InterMESH Ltd
Handheld Inventory Scanner
Shareholders
and Team
IndiaMART InterMESH Ltd
Shareholding Pattern
Total Equity Shares Outstanding as
Institutional investors holding greater than 1%
on June 30, 2026 - 6,01,43,148
of the total number of shares
Nalanda India
19%
ICICI Prudential Mutual Fund
UTI Mutual Fund
12% 49%
Vanguard Group
20%
Ishares Core MSCI
Promoters and Promoter Group Foreign Institutions and Portfolio Investors
Mutual Funds, Alternate Investment Funds, Insurance Companies Others
The figures are approximations
59
IndiaMART InterMESH Ltd