IndiaMART Q1 results are out, and it’s a mixed bag. The B2B platform saw its profit drop 14% from the last quarter. But at the same time, its revenue jumped 12% compared to the same time last year.
In the April-June quarter of FY26, IndiaMART posted a net profit of Rs 153.5 crore. That’s down from Rs 180.6 crore it made in Q4 FY25. The dip comes as the company ramps up spending to improve its platform and offerings.
Still, if we look at the year-on-year (YoY) growth, things look better. Profit grew 34% YoY, up from Rs 115.5 crore in Q1 FY25. So despite the quarterly drop, IndiaMART is growing steadily compared to last year.
On the revenue front, IndiaMART clocked in Rs 372.1 crore. That’s a 4% increase from Q4 FY25 and a 12% jump from Q1 FY25. This shows the B2B giant is still seeing strong business demand.
But rising costs are also part of the story. Total expenses for the quarter stood at Rs 246.5 crore, up from Rs 234.7 crore in the previous quarter. Compared to the same quarter last year, it’s up from Rs 221.9 crore.
Still, the company says it’s confident. CEO Dinesh Agarwal said the team is focused on growth, better user experience, and strong cash flow. He added that IndiaMART will keep improving its platform to meet the changing needs of Indian businesses.
The data backs that up. The company saw 29 million unique business enquiries in Q1 FY26. That’s a 17% rise YoY. Supplier storefronts hit 8.4 million, up 6% YoY. And the number of paying suppliers rose to 2.18 lakh, with 1,500 net new additions.
IndiaMART connects buyers and sellers across India. From small traders to large manufacturers, the platform helps businesses find each other.
Despite the profit drop, the market seemed upbeat. On Friday, IndiaMART shares closed at Rs 2,655, up 1.08% on the NSE.
In short, IndiaMART Q1 results show a dip in short-term profit but strength in long-term growth. As more Indian businesses go digital, IndiaMART seems to be well-placed to tap into that shift.
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