Home / Business and Economy / IndiaMART Profit Soars 55.6% Amidst AI Push
IndiaMART Profit Soars 55.6% Amidst AI Push
20 Jan
Summary
- Net profit surged 55.6% YoY to ₹188.3 crore in Q3 FY26.
- Revenue grew 13.4% YoY to ₹401.6 crore in the December quarter.
- Unique business enquiries reached 28 million during Q3 FY26.
IndiaMART InterMESH reported a significant financial upswing in the December quarter of FY26, with net profit escalating by 55.6% year-on-year to ₹188.3 crore. This strong performance was achieved against ₹121 crore in the same period last year.
Revenue from operations saw a respectable 13.4% increase, reaching ₹401.6 crore compared to ₹354.3 crore in the corresponding quarter of FY25. Collections from customers also demonstrated a positive trend, climbing 17% year-on-year to ₹426 crore.
Operationally, the marketplace facilitated 28 million unique business enquiries in Q3 FY26. The number of supplier storefronts grew by 6% year-on-year to 8.7 million, with 221,000 paying suppliers recorded at the quarter's end.
CEO Dinesh Agarwal expressed confidence in the company's strategic direction, emphasizing the integration of AI-enabled technologies to fortify the platform, enhance buyer and supplier engagement, and foster marketplace trust.
