Indiamart Intermesh Limited has informed the Exchange about Transcript
INDIAMART · price
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IndiaMART reported Q1 FY26 consolidated revenue of Rs. 372 crores (12% YoY growth) and collections of Rs. 430 crores (17% YoY). Deferred revenue grew 17-18% to Rs. 1,735 crores, while unique business enquiries rose 17% to 29 million. Standalone EBITDA margin stood strong at 39% (Rs. 135 crores), with consolidated net profit of Rs. 154 crores. The company holds a healthy cash and treasury balance of Rs. 2,762 crores. Management announced a new performance marketing initiative, spending Rs. 5-6 crores in Q1 (up from Rs. 1 crore last quarter), with a planned budget of Rs. 6-10 crores per quarter for the next 3-4 quarters to boost buyer traffic and reduce churn. Subsidiary Busy Infotech reported Rs. 53 crores in net billing (normalised growth of 64% YoY) and sold 12,000 new licenses, taking the total to 4.09 lakh.
Management guided that sustainable EBITDA margin is 32-33%, lower than the current 38-39%, as the company plans to step up advertising and customer acquisition investments. While growth in unique enquiries is encouraging, churn in silver-tier customers remains elevated, and benefits from product improvements have not yet translated into lower churn. The stock may see short-term pressure on margins, though strong cash reserves (Rs. 2,762 crores) and the recently paid Rs. 300 crore dividend provide downside support.