The Quick Take
IndiaMART reported Q2 FY27 revenue of Rs 428.6 Crore, up 9.6%, and net profit of Rs 90.8 Crore, up 10%. Operating margin held at about 21 to 22%.
Key Figures
| Metric | Figure | Basis |
|---|---|---|
| Q2 FY27 revenue | Rs 428.6 Cr | report, +9.6% YoY |
| Q2 FY27 net profit | Rs 90.8 Cr | report, +10% YoY |
| TTM revenue | Rs 1,715 Cr | report |
Outlook
- FY27 revenue growth 10 to 12%; profit growth 12 to 15% (estimates).
- Lending platform through an affiliate model; AI-led product discovery.
Risks
- Competition from Amazon and Flipkart in B2B.
- Regulatory changes and diversification execution.
Stance
Positive on a niche B2B platform with high margins; the report gives no formal rating.
Educational purposes only, not investment advice. Do your own research before investing.
Sources: FPJ, Inc42, Multibagg, Investing.com (as cited in the report).
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