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IndiaMART reported Q2 FY26 consolidated revenue of Rs. 391 Cr (+12% YoY) and collections of Rs. 406 Cr (+14% YoY). EBITDA stood at Rs. 130 Cr (33% margin), with net profit at Rs. 83 Cr. Deferred revenue grew 18% to Rs. 1,750 Cr. Unique business inquiries increased to 31 million (+12% YoY). Net paying supplier additions were 2,800 (normalized), with churn remaining elevated for silver customers. Management focuses on platform improvements, AI integration, and ARPU growth (historically 6-8% CAGR), seeing strong potential in enterprise segments. Marketing spend was Rs. 6 Cr, with improving ROI. Outlook is determined, actively addressing churn and leveraging AI for long-term value.