IndiaMART InterMESH Limited announced its financial results for the third quarter of fiscal year 2026, revealing a robust performance driven by growth in revenue, profit, and customer collections. The B2B e-commerce giant reported a consolidated net profit of ₹188 crore, a substantial 56% year-on-year increase compared to ₹121 crore in the same quarter of the previous fiscal year.

The company's revenue from operations also saw a healthy rise, reaching ₹402 crore, which is a 13% increase compared to ₹354 crore in Q3 FY25. This includes ₹368 crore from IndiaMART's standalone revenue, representing a 9% year-over-year growth, and ₹32 crore from Busy Infotech revenue. Customer collections grew by 17% to ₹426 crore, primarily driven by IndiaMART standalone collections of ₹390 crore, which saw a 14% year-over-year increase.

Other key financial highlights include a 19% year-over-year increase in deferred revenue, climbing to ₹1,775 crore, providing strong revenue visibility. The company's Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) stood at ₹134 crore, translating to a margin of 33%. Cash flow from operations amounted to ₹129 crore, and cash and investments reached a strong ₹3,051 crore as of December 31, 2025.

On a standalone basis, IndiaMART's performance was equally impressive, with revenue increasing to ₹368 crore, a 9% year-over-year growth mainly attributed to better realization from paying suppliers. Standalone EBITDA was ₹136 crore, with a robust margin of 37%, and net profit for the quarter stood at ₹206 crore. Standalone deferred revenue also rose by 16% year-over-year to ₹1,654 crore, reflecting continued customer traction.

Operationally, IndiaMART saw 28 million unique business inquiries during the quarter. Supplier storefronts increased to 8.7 million, registering a 6% year-over-year growth, and the number of paying suppliers stood at 221,000 at the end of the quarter. The annualised revenue per paying supplier improved to ₹67,000, reflecting better monetization.

Dinesh Agarwal, Chief Executive Officer of IndiaMART, commented on the company's performance, stating that they are focused on delivering sustained growth by strengthening their platform, enhancing quality, and improving experience and engagement for both buyers and suppliers, while reinforcing trust across the marketplace. He added that these initiatives are supported by the rapid adoption of AI-enabled technologies.

Despite the positive results, IndiaMART's stock price closed at ₹2,142.50 on January 20, 2026, a 2.37% decrease for the day. The stock is trading below its 52-week high of ₹2,799 but remains above the 52-week low of ₹1,900.10.