Results · Commerce & Consumer Brands

IndiaMART Q3 profit jumps 56% year-on-year

By Startup Enthusiast · 20 January 2026

What they do

IndiaMART runs an online marketplace connecting business buyers with suppliers

Q3 FY26 net profit rose 56% year-on-year to INR 188.3 crore, with revenue up 13%

Profit more than doubled sequentially, though the share price fell 2.92% after results

IndiaMART reported Q3 FY26 consolidated net profit of INR 188.3 crore, up 56% year-on-year from INR 121 crore.
Profit jumped 2.2 times sequentially from INR 82.7 crore in Q2 FY26.
Operating revenue rose 13% year-on-year to INR 401.6 crore, with a 3% sequential increase.
Total income reached INR 537 crore, including other income of INR 135.4 crore.
Total expenses increased 22% year-on-year to INR 275.4 crore, and tax expenses rose 55% to INR 58.7 crore.
EBITDA fell 3% year-on-year to INR 134 crore.
Web and related services revenue grew 9% to INR 368.1 crore, while accounting software services revenue jumped 97% to INR 33.5 crore.
The share price ended the trading session down 2.92% at INR 2,131 on BSE.

The profit growth came despite a 3% drop in EBITDA, showing higher other income and lower tax impact.
Year-on-year comparisons were affected by a reclassification from Busy Infotech's channel partner payout structure change since November 2024.
The company saw 1,000 paying suppliers exit during the quarter, while active buyers fell 2% year-on-year.
CEO Dinesh Agarwal highlighted focus on platform strengthening, quality, AI adoption, and long-term value creation.

IndiaMART operates an online B2B marketplace connecting business buyers with suppliers.
It earns revenue from web and related services (INR 368.1 crore in Q3) and accounting software services (INR 33.5 crore).
It has 8.7 crore supplier storefronts, up 6% year-on-year.
It recorded 2.8 crore unique business enquiries in the quarter.
Collections from customers rose 17% year-on-year to INR 426 crore, with standalone collections at INR 390 crore and Busy Infotech at INR 33 crore.
The company focuses on quality and AI adoption to drive long-term value.

Focus on platform strengthening, quality, AI adoption, and long-term value creation.