Indiamart Intermesh Q2 FY27 Results: Consolidated Net Profit ₹90.80 Crore on Total Income of ₹421 Crore

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Blacklitt Research27 October 20262 min read

Indiamart Intermesh (NSE: INDIAMART) reported consolidated total income of ₹421 crore and net profit of ₹91 crore for the quarter ended 30 Sep 2026, it said in a filing on 27 Oct 2026. Standalone total income was ₹380 crore and standalone net profit ₹106 crore for the same quarter.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹421 crore, up 4.9% YoY and down 19.2% QoQ
Net profit and EPS: ₹91 crore, up 9.8% YoY; basic EPS ₹15.09
Other income: Negative ₹8 crore, against ₹107 crore in Q1 FY27

Standalone

The company on its own, without its subsidiaries

Total income: ₹380 crore, up 3.3% YoY and down 18.0% QoQ
Net profit and EPS: ₹106 crore, up 27.3% YoY; basic EPS ₹17.68
Other income: Negative ₹9 crore, against ₹88 crore in Q1 FY27

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	421	401	+4.9%	521	-19.2%
Revenue from operations	429	391	+9.6%	414	+3.4%
Other income	-8	10	n/a	107	n/a
	91	83	+9.8%	172	-47.3%
Profit before tax	129	119	+9.1%	232	-44.2%
Finance costs	1	1	-28.6%	1	0.0%
Depreciation	6	7	-11.1%	6	0.0%
Tax expense	39	36	+7.5%	60	-35.1%
Net profit margin	21.57%	20.61%	+0.95 pp	33.05%	-11.48 pp
EPS, basic (₹)	15.09	13.77	+9.6%	28.66	-47.3%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew faster than total income this quarter. Net profit rose 9.8% year on year while total income rose 4.9%, and profit before tax rose 9.1%.

Other income swung from a positive ₹10.2 crore a year earlier to negative ₹7.6 crore, which is -5.9% of profit before tax of ₹129.4 crore. Tax expense of ₹38.6 crore is 29.8% of profit before tax.

The group share of total net loss after tax of seven associates was ₹15.36 crore for the quarter, according to the auditors. The auditors also report that one associate, IB MonotaRO Private Limited, was included until 29 May 2026.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	380	368	+3.3%	464	-18.0%
Revenue from operations	389	360	+8.0%	376	+3.5%
Other income	-9	8	n/a	88	n/a
	106	84	+27.3%	176	-39.6%
Profit before tax	145	119	+21.8%	234	-38.3%
Finance costs	1	1	-14.3%	1	+20.0%
Depreciation	3	4	-27.8%	3	0.0%
Tax expense	38	35	+8.8%	58	-34.2%
Net profit margin	27.94%	22.67%	+5.27 pp	37.95%	-10.01 pp
EPS, basic (₹)	17.68	13.91	+27.1%	29.29	-39.6%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone net profit rose 27.3% year on year, against 3.3% growth in total income and 21.8% growth in profit before tax.

Tax expense of ₹38.3 crore is 26.5% of profit before tax, a lower share than in the consolidated figures. Net profit fell 39.6% from the previous quarter, more than total income's 18.0% fall.

Inference

The filing reports a dividend paid of ₹3,607 million, or ₹360.7 crore, in the six months ended 30 Sep 2026 in the consolidated cash flow statement. The results do not state a dividend per share for the period or its record date.

The auditors gave an unmodified opinion on both sets of results. The notes say the Labour Codes took effect on 21 Nov 2025 and that the company will recognise their effect once rules are notified in the remaining states; the filing does not say what that effect will be.

The reason for the negative other income, the nature of the fair value losses on investments, and the reason IB MonotaRO ceased to be an associate on 29 May 2026 are not stated in the filing.

Reference: Original filing (PDF)

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Indiamart Intermesh Q2 FY27 Results: Consolidated Net Profit ₹90.80 Crore on Total Income of ₹421 Crore

Key highlights

Consolidated

Standalone

Summary

Inference

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