Q2 FY27 revenue up 10%, profit Rs 91 crore; Silver churn persists

Management guided margin improvementManagement guided margin pressureInvestor Communications View source PDF Explain this filing

INDIAMART · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹1485.50

prior close

₹1490.00

announcement price

After-mkt

timing

Nifty Smallcap 250market+1.4%+0.2% vs market

Internet & Catalogue Retail peers, median of 7sector+1.0%+0.6% vs sector

On the reaction day the stock moved 0.2 pts more than Nifty Smallcap 250 and 0.6 pts more than its Internet & Catalogue Retail peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+0.2

10m

-0.2

15m

-0.4

30m

+0.0

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+1.6+1.4+0.2+1.0+0.6

Next day

+4.3+1.8+2.5+1.7+2.6

+7.6+3.8+3.8+3.0+4.6

+5.9+4.6+1.3+3.8+2.1

+4.0pendingpending+1.4+2.6

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15d

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UpDownMarket · Nifty Smallcap 250Sector · Internet & Catalogue Retail peers, median of 7Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY27 revenue rose 10% to Rs 429 crore and collections 9% to Rs 443 crore. EBITDA was Rs 159 crore at a 37% margin and net profit Rs 91 crore. Deferred revenue rose 16% to Rs 2,029 crore; cash and treasury balance was Rs 3,234 crore. Paying suppliers fell by 615 to 217,000 due to Silver churn. Management kept IndiaMART's long-term EBITDA margin target at 33%; near-term AI spending will add to costs, while longer term it may lift margins.

Likely market impact

Revenue and profit growth support the outlook, but Silver churn, lower enquiries and near-term AI costs could weigh on the stock.