IndiaMART InterMESH reported a 9.6% year-on-year revenue increase to Rs 428.6 crore for Q2 FY2027. While net profit grew nearly 10% compared to last year, sequential profit figures show a sharp decline from the previous quarter. The company continues to see growth across its core web services and accounting software segments with a clean audit report.
IndiaMART InterMESH Q2 Results: Revenue Hits Rs 428.6 Crore
Revenue for the quarter stood at Rs 428.6 crore with a net profit of Rs 90.8 crore.
Reader Takeaway: Steady year-on-year growth across segments offers stability, though investors should monitor the sharp sequential profit contraction.
What just happened
IndiaMART InterMESH Ltd has released its audited financial results for the quarter ended September 30, 2026. The company recorded a consolidated revenue of Rs 428.6 crore, representing a 9.6% growth over the Rs 391 crore reported in the same quarter last year. Net profit for the period rose by 9.8% year-on-year to reach Rs 90.8 crore. B S R & Co. LLP issued an unmodified audit opinion, signaling no regulatory concerns or qualifications in the financial reporting.
Why this matters
For shareholders, the primary focus is the divergence between year-on-year growth and sequential performance. While the company maintains positive momentum compared to FY2026 levels, the net profit dropped significantly from the Rs 172.2 crore reported in Q1 FY2027. This volatility often highlights the cost structures associated with scaling the company's accounting software services and digital marketplace operations.
Segment Performance
The company continues to drive growth through two primary channels:
- Web and Related Services: Revenue climbed to Rs 388.8 crore, up from Rs 360.3 crore in the year-ago period.
- Accounting Software Services: This segment reached Rs 39.8 crore, showcasing a healthy increase from Rs 30.7 crore, contributing Rs 3.2 crore to the segment result.
What to track next
Investors should monitor the company's ability to stabilize margins in the coming quarters. The continued investment into the accounting software segment, while revenue-accretive, will be evaluated for its long-term impact on bottom-line profitability.