Results · Commerce & Consumer Brands

IndiaMART Q4 net profit plunges 72%

By Startup Enthusiast · 30 April 2026

What they do

IndiaMART runs a B2B ecommerce platform and accounting software Busy Infotech

Q4 FY26 net profit fell 72.2% to ₹50.2 Cr despite operating revenue rising 14% to ₹404.3 Cr

The profit drop was driven by a ₹33.9 Cr loss in other income and higher employee expenses

IndiaMART reported a Q4 FY26 net profit of ₹50.2 Cr, down 72.2% from ₹180.6 Cr a year ago.
Net profit also fell 73.3% sequentially from ₹188.3 Cr in Q3 FY26.
Operating revenue for Q4 was ₹404.3 Cr, up 14% year-on-year and 0.7% quarter-on-quarter.
The B2B ecommerce platform contributed ₹368.3 Cr in revenue, up 10% YoY.
Accounting software Busy Infotech brought in ₹36.1 Cr, up 83% YoY.
Other income segment posted a loss of ₹33.9 Cr in Q4.
Total expenses rose 19% to ₹279.3 Cr, with employee costs at ₹178 Cr.
The board recommended a dividend of ₹60 per share (₹30 final + ₹30 special) for FY26.

The sharp profit decline was mainly due to a ₹33.9 Cr loss in other income and higher employee expenses.
Full fiscal FY26 net profit fell 13% to ₹474.7 Cr despite operating revenue rising 13% to ₹1,569 Cr.
Paying subscribers remained flat at 220 in Q4, and seller subscribers dropped by 1,200 due to a price hike in silver plans.
Gold and platinum customers, however, contribute over 75% of revenue and show strong retention.

IndiaMART operates a B2B ecommerce platform connecting buyers and suppliers in India.
It also owns Busy Infotech, which provides accounting software services.
Revenue comes from subscription plans — silver, gold, and platinum — based on value-added services and buyer access.
At the end of FY26, the platform had 2.22 lakh paying suppliers on subscription plans.
Live product listings stood at 129 in Q4, up 9% year-on-year.
Collections from customers in Q4 were ₹595 Cr, up 10% YoY.

CEO Dinesh Agarwal said the company will focus on enhancing platform quality and building a trusted marketplace experience.
IndiaMART is deploying AI to standardise catalogues, improve matchmaking, and bring conversational AI tools.