Indiamart Results Analysis-Q3FY26

Operating Revenue for Q3FY26 is Rs. 402 Crs., 13.35% growth YoY, Total Income is Rs. 537 Crs., 34.52% growth YoY, EBITDA is Rs. 174 Crs., 1.09% growth YoY, EBITDA Margin is 43.43% declined by 527 Basis points YoY, PBT Rs.247 Crs, 55.35% growth YoY, PAT Rs. 188 Crs, 55.62% growth YoY (including one-time fair valuation gain ~₹82 cr on revaluation of strategic investment Baldor Technologies) On QoQ basis Op. Revenue is flat to positive by 2.71%, Total Income is up by 33.85%, EBITDA is up by 8.78%, PBT is up by 108.26% YoY and PAT is also up by 127.69% (including one-time fair valuation gain ~₹82 cr on revaluation of strategic investment Baldor Technologies). Customer collections: ₹426 cr (+17% YoY); Management stressed collections are a leading indicator: “collections grew first and then they will go to deferred revenue and then they will go through the revenue.” Deferred revenue: ₹1,775 cr (+19% YoY).