Q3 2026 Indiamart Intermesh Ltd Earnings Call Transcript
Key Points
- IndiaMART InterMESH Ltd (BOM:542726) reported a consolidated revenue from operations of INR402 crore for Q3 FY26, marking a year-on-year growth of 13%.
- Collections from customers increased to INR426 crore, representing a year-on-year growth of 17%.
- Deferred revenue grew to INR1,775 crore, showing a year-on-year growth of 19%.
- The company is rapidly adopting AI-enabled technologies to enhance product quality and user experience, reinforcing trust across the marketplace.
- Busy Infotech, a subsidiary, reported a normalized year-on-year growth rate of 28% in billing, with revenue from operations at INR32 crore and deferred revenue at INR112 crore.
- The total number of paying suppliers declined by 1,000 to 221,000, attributed to a price increase in the silver subscription and fewer working days due to the festival season.
- Unique business inquiries grew only by 4% year-on-year, a slowdown compared to previous quarters.
- There is a slight reduction in advertisement spending due to holidays, impacting the visibility and potential customer acquisition.
- The company faces challenges in accelerating the addition of new paid suppliers, with churn levels remaining unchanged.
- Concerns were raised about the impact of new labor codes, resulting in a one-time expense of INR8.5 crore.
Good evening ladies and gentlemen. I'm Avijit Vikram, Head of Investor Relations. On behalf of Indiamart Intermesh Limited, I welcome you all to the company's quarterly FY26 earnings webinar. (Event Instructions) Joining us today from the management, we have Mr. Dinesh Agarwal, Chief Executive Officer, Mr. Brijesh Agarwal, Whole-time director, Mr. Jithin Diwan, Chief Financial Officer, and Mr. Prateek Chandra, Chief Strategy Officer.
Before we begin, I would like to remind you that some of the statements made in today's call may be forward-looking in nature and may involve risk and uncertainties. Kindly refer to slide number 3 of the earnings presentation for the detailed disclaimer. Now I would like to hand over the call to Mr. Dinesh Agarwal for his opening remarks. Thank you and over to you, sir.
Thank you, Avijit. Good evening, everyone and welcome to India March quarter three
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