IndiaMART InterMESH reported a 12% year-on-year rise in consolidated net profit to ₹172.2 crore in Q1 FY27, driven by growth in its core marketplace and SaaS businesses. The company also revealed plans to launch a dedicated lending subsidiary to offer short-term working capital finance to its users.
- Q1 net profit rises 12% YoY to ₹172.2 Cr
- Core marketplace revenue grows 9% YoY; SaaS up 49% YoY
- New lending subsidiary approved to support business users
What happened
IndiaMART InterMESH posted a 12% increase in consolidated net profit to ₹172.2 crore for the first quarter of financial year 2027, compared to ₹153.5 crore in the same period last year. Sequentially, the profit surged more than threefold from ₹50.2 crore in the previous quarter. The company’s operating revenue rose 11% year-on-year and 3% quarter-on-quarter to ₹414.4 crore, with total income including other sources reaching ₹521.1 crore.
Its core web and related services, the largest contributor to revenue, grew 9% year-on-year to ₹375.9 crore. The accounting software business, Busy Infotech, saw a 49% increase in revenue to ₹38.5 crore. During the quarter, IndiaMART recorded 26 million unique business enquiries, grew supplier storefronts by 5% to 8.8 million, and counted 218,000 paying suppliers as of June end.
Why it matters
The financial results demonstrate IndiaMART’s robust growth trajectory within India’s competitive B2B ecommerce space, supported by its marketplace and SaaS offerings. The sharp sequential profit jump underlines improved operational efficiency and profitability, despite rising expenses driven mainly by employee costs.
CEO Dinesh Agarwal highlighted strategic investment in AI technologies aimed at improving user experience through smarter cataloging and matchmaking, contributing to sustainable and trusted platform growth. The company’s move to incorporate a lending arm marks a significant expansion into fintech, potentially strengthening customer loyalty by addressing financing challenges of its business users.
What to watch next
Market watchers will also track the company’s ability to maintain growth momentum across its core services while managing operating costs. In addition, the impact of AI deployment on marketplace efficiency and user engagement will be key indicators of IndiaMART’s competitive positioning ahead in a rapidly evolving B2B digital economy.