Indiamart Intermesh Limited — Investor Meet, 23-07-2025: Analysts/Institutional Investor Meet/Con. Call Updates

IndiaMART's Q1 FY26 saw consolidated revenue grow 12% to Rs. 372 Cr, with collections up 17% to Rs. 430 Cr. Net profit was Rs. 154 Cr. Unique business enquiries surged 17% to 29 million, partly from initial Rs. 5-6 Cr ad spend tests focused on buyer experience. Company holds Rs. 2,762 Cr cash, with recent Rs. 300 Cr dividend. While churn is still a challenge for monthly subscribers, Gold/Platinum customers remain loyal. Management is investing in product and AI for long-term growth and efficiency, targeting sustainable 32-33% EBITDA margins.