New Delhi Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 72.2 per cent decline in consolidated net profit to ₹50.2 crore for the March quarter.
The company had posted a net profit of ₹180.6 crore during the January-March period a year ago, according to a regulatory filing by Indiamart Intermesh Ltd (IIL).
Its revenue from operations increased 13.85 per cent to ₹404.3 crore in the March quarter. It was ₹355.1 crore in the year-ago period.
IIL’s total expenses climbed 19 per cent to ₹279.3 crore in the March quarter.
However, the total income of IIL, which includes other income, fell 20.15 per cent to ₹370.4 crore.
Its revenue from ‘Web and related services’ was ₹368.3 crore, and ₹36.1 crore from Accounting Software services.
For the entire FY26, IIL reported a decline of 13.8 per cent in its net profit to ₹474.7 crore. The total consolidated income rose 6.8 per cent to ₹1,773.1 crore.
Commenting on the results, Chief Executive Officer Dinesh Agarwal said, “We remain focused on driving sustained growth by continuously enhancing platform quality, deepening buyer–seller engagement, and building a more trusted marketplace experience. Our rapid adoption of AI, spanning from standardised cataloguing, precise matchmaking results, to conversational AI tools, is making the experience more seamless and efficient”.