Synopsis:- The stock surged up to 6% after strong Q3 results, driven by 14% YoY revenue growth and a 55% jump in profit. Platform activity remained healthy with 28 million enquiries, 8.7 million storefronts, and improving collections, supporting positive market sentiment.
The shares of the prominent B2B company gained up to 6 percent in today’s trading session after the company reported robust earnings in Q3FY26, followed by the B2B marketplace reporting improved collections growth
With a market capitalisation of Rs 13,286.17 crore, the shares of IndiaMART InterMESH Ltd were trading at Rs 2,211.15 per share, increasing around 3.16 percent as compared to the previous closing price of Rs 2,143.50 apiece.
Q3FY26 Highlights
The shares of IndiaMART InterMESH Ltd have seen significant movement after announcing its financial performance in Q3FY26, in which revenue increased by 14 percent on a year-on-year basis from Rs 354 crore in Q3FY25 to Rs 402 crore in Q3FY26. However, on a Quarter-on-Quarter basis, revenue zoomed by 3 percent from Rs 391 crore in Q2FY26 to Rs 402 crore in Q3FY26.
Moreover, net profit increased by 55 percent on a yearly basis from Rs 121 crore in Q3FY25 to Rs 188 crore in Q3FY26, meanwhile, on a quarter-on-quarter basis, net profit increased by by 126 percent from Rs 83 crore in Q2FY26 to Rs 188 crore in Q3FY26.
Over the last one year, IndiaMART InterMESH Ltd has seen a gradual moderation in operating margins. OPM eased from around 35% in late 2024 to nearly 30% by Dec 2025, reflecting higher investments in growth, rising employee costs, and sustained spending on platform expansion despite stable operating profitability.
IndiaMART InterMESH Ltd showed steady platform traction in Q3FY26, with 28 million unique business enquiries. Supplier storefronts rose to 8.7 million, up 6% YoY, while 221,000 paying suppliers underline sustained demand and improving ecosystem depth.
IndiaMART InterMESH Ltd shows strong geographic diversification. Paying suppliers are more metro-skewed, with 53% from metro cities, while 27% are from Tier II cities, and nearly 47% of buyers come from the rest of India, highlighting deep penetration beyond metros. indicating expanding monetisation as smaller markets mature.
“Mr Dinesh Agarwal, Chief Executive Officer, said: We are focused on delivering sustained growth by strengthening our platform, enhancing quality, and improving experience and engagement for both buyers and suppliers, while reinforcing trust across the marketplace. These initiatives are supported by the rapid adoption of AI-enabled technologies. Underpinned by a robust business model and strong cash generation, we remain well-positioned to drive sustainable, long-term value creation for all stakeholders.”
IndiaMART InterMESH Ltd is India’s largest B2B online marketplace, connecting buyers and suppliers across industries. The platform enables businesses to discover products, generate leads, and transact digitally, with a strong presence across metros, Tier II cities, and the rest of India, supporting MSME growth nationwide.
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