IndiaMART Q2: Profit Plunges 39% YoY To INR 83 Cr

B2B ecommerce company IndiaMART InterMESH’s consolidated net profit crashed 39% to INR 82.7 Cr in Q2 FY26 from INR 134.5 Cr in the year-ago quarter due to fall in margins. On a sequential basis, profit plunged 47% from INR 151.3 Cr.

The company’s profit declined despite a 13% YoY and 5% QoQ increase in operating revenue to INR 391 Cr during the quarter under review.

Including other income of INR 10.2 Cr, total income for the quarter stood at INR 401.2 Cr. The other income component was higher in the comparative quarters, leading to a 3% YoY and 14% QoQ decline in total income in the September quarter.

Meanwhile, the company’s expenses surged 21% YoY and 9% QoQ to INR 269.2 Cr.

(The story will be updated soon)

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