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Indiamart Intermesh Ltd
| Audited Consolidated Financial Results for the Quarter and Year Ended March 31, 2026
Report Source
⬤30th Apr 26
Summary : IndiaMART reports revenue growth, strong operating cash flow, and significant dividend despite slight profit dip.
Quarterly Report Analysis & Insights
Financial Disclosures
- Consolidated Employee benefits expense: INR 6,928 million (FY26)
- Consolidated Other expenses: INR 3,462 million (FY26)
- Consolidated Total expenses: INR 10,704 million (FY26)
- Consolidated Revenue from operations: INR 15,690 million (FY26)
- Consolidated Web and related services revenue: INR 14,429 million (FY26)
- Consolidated Accounting Software services revenue: INR 1,261 million (FY26)
- Consolidated Net cash from operating activities: INR 6,942 million (FY26)
- Consolidated Net cash used in investing activities: INR (3,473) million (FY26)
- Consolidated Net cash used in financing activities: INR (3,400) million (FY26)
- Consolidated Total assets: INR 46,246 million (FY26)
- Consolidated Total equity: INR 24,004 million (FY26)
- Consolidated Total liabilities: INR 22,242 million (FY26)
- Consolidated Net Profit: INR 4,747 million (FY26)
- Standalone Net Profit: INR 5,252 million (FY26)
- Consolidated Total Assets: INR 46,246 million (FY26)
- Standalone Total Assets: INR 46,018 million (FY26)
Corporate Overview
- Impact of new Labour Codes on employee benefits provision
- Managing integration of acquired/amalgamated entities
- Online B2B marketplace for products and services
- Development and marketing of integrated business accounting software
- Positive and compliant with regulatory requirements
- Web and related services
- Accounting Software services
Risk Factors
- Net profit and EPS decreased year-over-year.
- Increased cash outflow from financing activities.
- Uncertainty from new Labour Codes rules.
- Reliance on other auditors for subsidiaries.
Key Drivers
- Strong revenue growth across business segments.
- Increased cash flow from operating activities.
- Significant dividend payout to shareholders.
- Unmodified audit opinion on financial results.
Auditor’s Report
- Unmodified opinion on consolidated annual financial results
- Unmodified opinion on standalone annual financial results
- Reliance on other auditors for subsidiaries' financial statements
- Reliance on Board of Directors for associates' unaudited financial information
Board Commentary
- Recommended final dividend of Rs. 30/- per equity share for FY26
- Recommended special dividend of Rs. 30/- per equity share for FY26
- Total dividend of Rs. 60/- per equity share for FY26, subject to AGM approval
- Impact of new Labour Codes on employee benefits
- New Labour Codes effective Nov 21, 2025, rules pending notification
- Amalgamation scheme approved by NCLT in previous year
Corporate Governance
- Audit Committee reviewed financial results
Management Discussion & Analysis
Future Strategy
- Continued focus on B2B marketplace and software services
- Compliance with new regulatory frameworks (Labour Codes)
Operational Focus Areas
- Effective integration of subsidiaries
- Managing employee benefits under new Labour Codes
Performance Drivers
- Growth in web and related services revenue
- Significant growth in accounting software services revenue
- Increased cash flow from operations
Risk Control Measures
- Impact assessment for Labour Codes completed
- Unmodified audit opinion indicates sound financial reporting
Critical Risks
- Regulatory changes (new Labour Codes)
- Integration risks from amalgamation schemes