Sequentially, net profit has declined 73.3% from ₹188.3 Cr.

Operating revenue increased 14% YoY and 0.7% QoQ to ₹404.3 Cr in the quarter under review.

The company registers its operating revenue from two verticals - its B2B ecommerce platform and accounting services platform Busy Infotech. From its ecommerce platform, the company recognised a revenue of ₹368.3 Cr (up 10% YoY) while revenue from accounting software services zoomed 83% YoY to ₹36.1 Cr.

The company registered a loss of ₹33.9 Cr under the "other income" segment, taking its total income for the quarter to ₹370.4 Cr.

Its EBITDA for the quarter stood at ₹133 Cr, increasing 2% YoY.

Meanwhile, total expenses for the quarter increased 19% YoY to ₹279.3 Cr. As per the company, its employee benefit expenses also increased to ₹178 Cr in the quarter under review from ₹157.4 Cr in the first quarter of FY25.

For the full fiscal year FY26, the company's bottom line slumped 13% to ₹474.7 Cr from ₹550.7 Cr in FY25. Its operating revenue for the fiscal increased 13% YoY to ₹1,569 Cr.

Besides announcing its financial performance for the fiscal, IndiaMart's board recommended a dividend of ₹60 per share - ₹30 as final dividend and ₹30 as special dividend for the fiscal year. The dividend is subject to shareholder approval.

Inside IndiaMart's Financial Performance

IndiaMART claims that by the end of FY26, it had 2.22 Lakh paying suppliers, which opted for a subscription plan at the platform. Notably, the company offers three types of subscription plans - silver, gold, and platinum- based on different value added services and access to buyers.

During its earnings call, IndiaMART's management said Q4 saw a decline of 1,200 seller subscribers, primarily due to a price hike in its silver subscription plans.

"The decline was mainly due to slower additions after the price hike in the silver tier in Q2. Our gold and platinum customers, contributing over 75% of revenue, continue to show strong growth and retention. We are also improving inquiry quality to deliver more relevant, high-intent leads to sellers," management noted.

While paying subscribers for the quarter remained largely flat at 220, live product listings grew 9% YoY to 129.

Its collections from customers grew 10% YoY to ₹595 Cr, primarily comprising IndiaMART Standalone Collections of ₹. 546 Cr, rerepresenting YoY growth of 8%, and Busy Infotech Collections of ₹45 Cr.

As per CEO Dinesh Agarwal, the company will be reiterating its focus on enhancing its platform quality and building more trusted marketplace experience. For this, the company is increasingly deploying AI to standardise its catalogue, enhance matchmaking as well as bring in more conversational AI tools.

Shares of IndiaMART InterMESH ended today's trading session 1.05% lower at ₹2,109 on the BSE.