Indiamart Intermesh Limited (INDIAMART) Q1 Results FY27 Preview: Date, Time, Expectations & Key Things To Watch

IndiaMART Intermesh faces a critical test this quarter as it attempts to reverse two consecutive periods of net paying supplier declines following September 2025 price hikes. Investors will be closely watching for signs of gross additions normalization and whether the company can stabilize its net profit trajectory after a volatile fourth quarter.

Indiamart Intermesh Limited Q1 Results Date and Time

The board meeting to consider the audited financial results is scheduled for July 21, 2026.

What to expect from Indiamart Intermesh Limited's Q1 FY27 results

IndiaMART is expected to maintain its steady revenue growth trajectory of 11–12% YoY, supported by a strong deferred revenue base of Rs. 1,965 Cr. While the macro environment shows robust SME activity with GST collections growing 13.9% YoY in June, the company must demonstrate if net paying supplier additions have turned positive after the -1,236 decline recorded in Q4 FY26. Management has previously indicated that ARPU growth of 6–8% remains consistent with long-term goals, and investors will look for confirmation that this range was maintained in the current quarter. The upcoming call will likely focus on whether the Busy Infotech subsidiary sustained its momentum of adding 12,000 licenses per quarter and whether the company has successfully moved past the sharp net profit compression witnessed in the previous quarter.

Key Things To Watch

Performance vs Guidance Tracking: Tracking management's stated goals against recent operational results.

• Gross additions normalization — expected by Q1 FY27 — status pending
• Collection growth — target similar to Q3's 14% YoY — Q4 FY26 grew 8% YoY
• ARPU growth — 6-8% long-term CAGR — maintained at 8% in Q4 FY26

Strategic and Operational Focus: Key metrics and initiatives influencing platform engagement.

• Paying supplier net additions — reversal of two-quarter decline (-1,000 in Q3, -1,236 in Q4) required
• Busy Infotech license momentum — target 12,000 additions per quarter
• Performance marketing spend — evaluation of scaling beyond Rs. 6 Cr quarterly investment

Financial Metrics and Profitability: Explaining recent margin and profit volatility.

• Q4 FY26 net profit decline — explanation for the 72% consolidated YoY drop
• EBITDA margin — assessment of 33% level versus the 36% achieved in Q1 FY26
• Cash deployment — updates on Rs. 2,874 Cr treasury balance