IndiaMART InterMESH has reported strong Q2 FY27 results

IndiaMART InterMESH has reported strong Q2 FY27 results with net profit up nearly 10% year‑on‑year to ₹90.8 crore and revenue rising 9.7% to ₹429 crore. Shares closed 4.1% higher at ₹1,625.95 on the BSE, reflecting investor confidence despite sequential profit decline. 📊 IndiaMART Q2 FY27 Highlights Net Profit: ₹90.8 crore, up 9.8% YoY (vs ₹82.7 crore last year). Revenue: ₹429 crore, up 9.7% YoY (₹391 crore last year). Standalone business: ₹389 crore. Busy Infotech: ₹37 crore. EBITDA: ₹160 crore, up 23.4% YoY; margin expanded 400 bps to 37.2%. Cash & Investments: ₹3,234 crore as of Sept 30, 2026. Customer Collections: ₹443 crore, up 9% YoY. Deferred Revenue: ₹2,029 crore, up 16% YoY. Business Enquiries: 27 million unique enquiries in Q2 FY27. 📈 Market Reaction Share Price: Ended at ₹1,625.95, up 4.09% on results day. Investor Sentiment: Positive due to margin expansion and strong collections, though sequential profit fell sharply from Q1’s ₹172.2 crore. 🔎 Segment Performance Web Services: Revenue ₹388.8 crore (up from ₹360.3 crore YoY). Accounting Software (Busy Infotech): Revenue ₹39.8 crore (up from ₹30.7 crore YoY). Annualised Revenue per Paying Supplier: ₹72,000, up 10% YoY. Supplier Storefronts: 8.9 million, up 4% YoY. Paying Suppliers: 2.2 lakh at end of Q2 FY27. 🧭 Outlook & Risks Strengths: Expanding EBITDA margins. Strong cash reserves. Growing supplier base and enquiries. Risks: Sequential profit volatility (Q1 vs Q2). Rising expenses and losses from associates. Need to stabilize margins in accounting software expansion. 📌 Quick Snapshot Metric Q2 FY27 Result YoY Change Net Profit ₹90.8 crore +9.8% Revenue ₹429 crore +9.7% EBITDA ₹160 crore +23.4% EBITDA Margin 37.2% +400 bps Customer Collections ₹443 crore +9% Deferred Revenue ₹2,029 crore +16% Business Enquiries 27 million —