Interim report
Page 1
October 27, 2026 To, BSE Limited (BSE: 542726) National Stock Exchange of India Limited (NSE: INDIAMART) Subject: Outcome of the Board Meeting Dear Sir/Madam, Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Board of Directors of the Company at its meeting held today i.e. Tuesday, October 27, 2026 has, inter alia, considered and approved the Audited Consolidated and Standalone Financial Results (Collectively referred as ‘Financial Results’) of the Company for the quarter and half year ended September 30, 2026. A copy of Financial Results along with Auditors’ Report thereon is enclosed herewith. The Financi al Results are also being disseminated on the Company’s websit e at https://investor.indiamart.com/FinancialResultsStatements.aspx. The meeting commenced at 11:00 a.m. and concluded at 15:00 p.m. Please take the above information on record. Thanking You, For IndiaMART InterMESH Limited (Manoj Bhargava) Company Secretary Membership No: F5164 Encl.: As above
Page 2
B S R & Co. LLP Chartered Accountants Building No. 10, 12th Floor, Tower-C DLF Cyber City, Phase - II Gurugram - 122 002, India Tel: +91 124 719 1000 Fax: +91 124 235 8613 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 5 Independent Auditor’s Report To the Board of Directors of IndiaMART InterMESH Limited Report on the audit of the Consolidated Financial Results Opinion We have audited the accompanying Statement of Consolidated Financial Results of IndiaMART InterMESH Limited (“Holding Company”) and its subsidiaries (Holding Company and its subsidiaries together referred to as “the Group”), and its associates for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026, (“the Statement”), being submitted by the Holding Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations"). In our opinion and to the best of our information and according to the explanations given to us , the Statement: a. includes the results of the entities mentioned in Annexure I to the Report on the audit of the Consolidated Financial Results; b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations as amended; and c. gives a true and fair view in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net profit and other comprehensive income) and other financial information of the Group for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026. Basis for Opinion We conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group and its associates in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us, along with the consideration of audit reports of the other auditors referred to in sub paragraph no. (a) of the “Other Matters” paragraph below, is sufficient and appropriate to provide a basis for our opinion on the consolidated financial results. Management’s and Board of Directors’ Responsibilities for the Consolidated Financial Results These quarterly consolidated financial results as well as the year to date consolidated financial results have been prepared on the basis of the consolidated interim financial statements. The Holding Company’s Management and the Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the consolidated net profit/ loss and other comprehensive income and other financial information of the Group including its associates in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with
Page 3
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 2 of 5 Regulation 33 of the Listing Regulations. The respective Management and Board of Directors of the companies included in the Group and of its associates are responsible for maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of each company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Management and the Board of Directors of the Holding Company, as aforesaid.In preparing the consolidated financial results, the respective Management and the Board of Directors of the companies included in the Group and of its associates are responsible for assessing the ability of each company to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the company or to cease operations, or has no realistic alternative but to do so. The respective Board of Directors of the companies included in the Group and of its associates is responsible for overseeing the financial reporting process of each company.Auditor’s Responsibilities for the Audit of the Consolidated Financial ResultsOur objectives are to obtain reasonable assurance about whether the consolidated financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these consolidated financial results.As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:–Identify and assess the risks of material misstatement of the consolidated financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.–Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Group’s internal control.–Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the consolidated financial results made by the Management and Board of Directors.– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the appropriateness of this assumption. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the consolidated financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Group and its associates to cease to continue as a going concern.–Evaluate the overall presentation, structure and content of the consolidated financial results, including the disclosures, and whether the consolidated financial results represent the underlying transactions and events in a manner that achieves fair presentation.–Obtain sufficient appropriate audit evidence regarding the interim financial statements of the entities
Page 4
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 3 of 5 within the Group and its associates to express an opinion on the consolidated financial results. We are responsible for the direction, supervision and performance of the audit of interim financial statements of such entities included in the consolidated financial results of which we are the independent auditors. For the other entities included in the consolidated financial results, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion. Our responsibilities in this regard are further described in sub paragraph no. (a) of the “Other Matters” paragraph in this audit report.We communicate with those charged with governance of the Holding Company regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33(8) of the Listing Regulations, to the extent applicable.Other Mattersa. The consolidated financial results include the audited financial results of five subsidiaries, whose interim financial statements reflect total assets (before consolidation adjustments) of Rs. 2,160.49 million as at 30 September 2026, total revenue (before consolidation adjustments) of Rs. 31.76 million and Rs. 59.01 million, total net loss after tax (before consolidation adjustments) of Rs. 12.96 million and Rs. 77.71 million for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, and net cash inflows (before consolidation adjustments) of Rs. 41.44 million for the period from 1 April 2026 to 30 September 2026, as considered in the consolidated financial results, which have been audited by their respective independent auditors. The independent auditor’s reports on interim financial statements of these entities have been furnished to us.Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these entities, is based solely on the reports of such auditors and the procedures performed by us are as stated in paragraph above.Our opinion on the consolidated financial results is not modified in respect of the above matter with respect to our reliance on the work done and the reports of the other auditors.b.The consolidated financial results include theGroup’s share of total net loss after tax of Rs. 153.60 million and Rs. 281.44 million for the quarter ended 30 September 2026 and for the period from 1 April 2026 to 30 September 2026 respectively, as considered in the consolidated financial results, in respect of seven associates. The consolidated financial statements also include the Group’s share of net loss of Rs. 17.69 million for the period 1 April 2026 to 29 May 2026 , as considered in consolidated financial statements in respect of one associate, whose financial information has not been audited either by us or other auditors. These interim unaudited financial information have been furnished to
Page 5
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 4 of 5 us by the Board of Directors.Our opinion on the consolidated financial results, in so far as it relates to the amounts and disclosures included in respect of these associates, is based solely on such interim unaudited financial information. In our opinion and according to the information and explanations given to us by the Board of Directors, these interim unaudited financial information are not material to the Group.Our opinion on the consolidated financial results is not modified in respect of the above matter with respect to the interim unaudited financial information certified by the Board of Directors.For B S R & Co. LLPChartered AccountantsFirm’s Registration No.:101248W/W-100022David JonesPartnerGurugram Membership No.: 09811327 October 2026 UDIN:26098113BYDLGN9838
Page 6
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 5 of 5 Annexure IList of entities included in consolidated financial results.Sr. No Name of component Relationship1 Tradezeal Online Private Limited Subsidiary2 Pay With Indiamart Private Limited Subsidiary3Busy Infotech Private Limited (Formerly known as Tolexo Online Private Limited)Subsidiary4Livekeeping Technologies Private Limited (Formerly known as Finlite Technologies Private Limited)Subsidiary5IndiaMart Finance Limited (incorporated on 04 August 2026)Subsidiary6 IIL Digital Private Limited Subsidiary7 Simply Vyapar Apps Private Limited Associate8 IB MonotaRO Private Limited (till 29 May 2026) Associate9 Truckhall Private Limited Associate10 Agillos E-Commerce Private Limited Associate11 Edgewise Technologies Private Limited Associate12 Adansa Solutions Private Limited Associate13 Mobisy Technologies Private Limited Associate14Fleetex Technologies Private Limited (w.e.f 11 April 2025)Associate
Page 7
Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Audited Audited Audited Audited Audited Audited 1 Income: a) Revenue from operations 4,286 4,144 3,910 8,430 7,631 15,690 b) Other income (76) 1,067 102 991 1,026 2,041 Total income 4,210 5,211 4,012 9,421 8,657 17,731 2 Expenses: a) Employee benefits expense 1,710 1,740 1,715 3,450 3,325 6,928 b) Finance costs 5 5 7 10 17 30 c) Depreciation and amortisation expense 64 64 72 128 141 284 d) Other expenses 984 939 898 1,923 1,674 3,462 Total expenses 2,763 2,748 2,692 5,511 5,157 10,704 3 Profit before share of loss in associates and tax (1-2) 1,447 2,463 1,320 3,910 3,500 7,027 4 Share in net loss of associates (153) (146) (134) (299) (275) (548) 5 Profit before tax (3+4) 1,294 2,317 1,186 3,611 3,225 6,479 6 Tax expense a) Current tax 491 430 399 921 788 1,626 b) Deferred tax (105) 165 (40) 60 75 106 Total tax expense 386 595 359 981 863 1,732 7 Net Profit for the period/year [5-6] 908 1,722 827 2,630 2,362 4,747 8 Other comprehensive income / (loss) (net of tax) -Items that will not be reclassified to profit or loss 11 6 8 17 (14) 37 9 Total comprehensive income for the period/year [7+8] 919 1,728 835 2,647 2,348 4,784 10 Paid up equity share capital (face value : INR 10/- each) 601 601 600 601 600 601 11 Other equity for the year 23,403 12 Earnings per equity share: Basic earnings per equity share (INR 10 per share) 15.09 28.66 13.77 43.74 39.36 79.07 (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Annualised) Diluted earnings per equity share (INR 10 per share) 15.05 28.56 13.71 43.60 39.21 78.77 (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Annualised) IndiaMART InterMESH Limited CIN: L74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Statement of Audited Consolidated Financials Results for the quarter and six months ended September 30, 2026 I. Audited Consolidated Financials Results S.No. Particulars Six months endedQuarter ended (Amounts in INR million, except per share data)
Page 8
III. Audited Consolidated Balance sheet As at September 30, 2026 March 31, 2026 Audited Audited Non-current assets Property, plant and equipment 43 50 Right-of-use assets 146 164 Goodwill 4,543 4,543 Other intangible assets 115 183 Investment in associates 3,466 3,550 Financial assets (i) Investments 4,615 4,079 (ii) Loans 928 897 (iii) Others financial assets 766 737 Deferred tax assets (net) - 1 Non-current tax assets (net) 85 78 Other non-current assets 175 28 14,882 14,310 Current assets (i) Investments 30,087 30,294 (ii) Trade receivables 42 55 (iii) Cash and cash equivalents 381 804 (iv) Bank balances other than (iii) above 216 108 (v) Loans 6 6 (vi) Others financial assets 112 263 Other current assets 362 406 Total current assets 31,206 31,936 46,088 46,246 Share capital 601 601 Other equity 22,562 23,403 23,163 24,004 Liabilities (i) Lease liabilities 90 131 Contract liabilities 7,843 7,451 Provisions 487 458 Deferred tax liabilities (net) 617 552 9,037 8,592 (i) Lease liabilities 111 100 (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises 174 147 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 195 173 190 247 Contract liabilities 12,446 12,202 286 514 Provisions 172 148 Current tax liabilities (net) 314 119 13,888 13,650 22,925 22,242 46,088 46,246 (Amounts in INR million) IndiaMART InterMESH Limited CIN: U74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Statement of Audited Consolidated Financials Results for the quarter and six months ended September 30, 2026 Total non-current liabilities Assets Total non-current assets Financial assets Total assets Financial liabilities As at Equity and liabilities Equity Total equity Non-current liabilities Total liabilities Total equity and liabilities Current liabilities Financial liabilities (iii) Other financial liabilities Other current liabilities Total current liabilities
Page 9
Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Audited Audited Audited Audited Audited Audited Segment Revenue a) Web and related services 3,891 3,759 3,603 7,650 7,066 14,430 b) Accounting Software services 398 385 307 783 565 1,261 Total 4,289 4,144 3,910 8,433 7,631 15,691 Less : Inter-Segment Revenue a) Web and related services (3) - - (3) - (1) b) Accounting Software services - - - - - - Total (3) - - (3) - (1) Revenue from operations from external customers a) Web and related services 3,888 3,759 3,603 7,647 7,066 14,429 b) Accounting Software services 398 385 307 783 565 1,261 Total 4,286 4,144 3,910 8,430 7,631 15,690 Segment Result a) Web and related services 1,560 1,492 1,302 3,052 2,643 5,328 b) Accounting Software services 32 (27) (5) 5 (11) (28) Total 1,592 1,465 1,297 3,057 2,632 5,300 Finance Cost (5) (5) (7) (10) (17) (30) Depreciation and amortisation expense (64) (64) (72) (128) (141) (284) Other income (76) 1,067 102 991 1,026 2,041 Profit before share of loss in associates, exceptional items and tax 1,447 2,463 1,320 3,910 3,500 7,027 Share in net loss of associates (153) (146) (134) (299) (275) (548) Profit before tax 1,294 2,317 1,186 3,611 3,225 6,479 Segment Assets a) Web and related services 30,446 33,739 27,451 30,446 27,451 31,410 b) Accounting Software services 7,561 7,473 6,981 7,561 6,981 7,207 Unallocable 8,081 7,412 6,845 8,081 6,845 7,629 Total 46,088 48,624 41,277 46,088 41,277 46,246 Segment Liabilities a) Web and related services 21,085 24,673 18,565 21,085 18,565 20,708 b) Accounting Software services 1,840 1,755 1,335 1,840 1,335 1,534 Total 22,925 26,428 19,900 22,925 19,900 22,242 (Amounts in INR million) IndiaMART InterMESH Limited CIN: L74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Statement of Audited Consolidated Financials Results for the quarter and six months ended September 30, 2026 II. Segment Information of Consolidated Financial Results b) The Group had identified two business segments namely "Web and Related Services" and "Accounting Software Services" as reportable segments based on the nature of the products, the risks and returns, the organization structure and the internal financial reporting systems. c) Web and related services pertains to online B2B marketplace for business products and services. It provides a platform to discover products and ser vices and connect with the suppliers of such products and services. Accounting Software Services includes business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. Particulars a) Operating segments are defined as components of an enterprise for which discrete financial information is available that is evaluated regularly b y the chief opearting decision maker, in deciding how to allocate resources and assessing performance. Six months ended Quarter ended
Page 10
1 2 3 4 5 For and on behalf of the Board of Directors IndiaMART InterMESH Limited Place: Noida Dinesh Chandra Agarwal Date: 27 October 2026 (Managing Director and Chief Executive Officer) Notes to the Statement of Audited Consolidated Financial Results for the quarter and six months period ended September 30, 2026: The above consolidated financial results for the quarter and six months ended September 30, 2026 were reviewed and recommended by the Audit Committeeon October 26, 2026 and subsequently approved by the Board of Directors at its meeting held on October 27, 2026. The statutory auditors have expressed an unmodified a udit opinion on these results. The above consolidated financial results have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. The Government of India has notified provisions of The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and T he Occupational Safety, Health & Working conditions code, 2020 (“Labour Codes”) subsuming 29 existing labour laws, which introduce changes to, inter a lia, the definition of wages and the eligibility criteria for statutory employee benefits. These Codes have been made effective from 21 November 2025; however, the corresponding rules have been notified only by four States, while the rules for the remaining States are yet to be notified. During the previous year ended 31 March 2026, the Company assessed the impact of the notified Labour Codes and recognised the resultant employee benefit expense in the consolidated financial results in accordance with Ind AS 19 – Employee Benefits. The Government is in the process of notifying related rules to the New Labour Codes for remaining states. The Company will evaluate the impact of such ru les, if any, and recognise the consequential effect in the period in which the relevant rules are notified, in accordance with the applicable accounting standards. The results for the quarter and six months ended September 30, 2026 are available on the BSE Limited website (URL:www.bseindia.com/corporates), the National Stock Exchange of India Limited website (URL:www.nseindia.com/corporates) and on the Company's website. The consolidated cash flow statement is attached in Annexure I. Dinesh Chandra Agarwal Digitally signed by Dinesh Chandra Agarwal Date: 2026.10.27 12:35:37 +05'30'
Page 11
Audited Consolidated Statement of Cash Flows Annexure -I (Amounts in INR million) Particulars For the six months ended For the six months ended 30 September 2026 30 September 2025 Audited Audited Cash flow from operating activities Profit before tax for the period 3,611 3,225 Adjustments for: Depreciation and amortisation expense 128 141 Interest, dividend and other income (68) (35) Liabilities and provisions no longer required written back (15) (40) Fair value gain/(loss) (net) on measurement, interest and income from sale of mutual funds, exchange traded funds, bonds, debentures, units of investment trust and alternative investment funds (976) (950) Fair value loss on measurement of Investment in other entities 71 - Net gain on disposal of property, plant and equipment (3) - Finance costs 11 17 Share-based payment expense 120 177 Share of net loss of associates 299 275 Operating profit before working capital changes 3,178 2,810 Changes in: Trade receivables 13 (4) Other financial assets 148 194 Other assets (105) (161) Other financial liabilities (59) (72) Trade payables 49 94 Contract liabilities 637 728 Provisions and other liabilities (139) (173) Cash generated from operations 3,722 3,416 Income tax paid (net) (734) (664) Net cash generated from operating activities (1) 2,988 2,752 Cash flow from investing activities Proceeds from sale of property, plant and equipment 4 - Purchase of property, plant and equipment, other intangible assets, intangible assets under develelopment, capital work in progress and capital advances (9) (51) Purchase of current investments (9,488) (6,974) Inter-corporate deposits placed with financials institutions and body corporates - (854) Redemption of inter-corporate deposits placed with financials institutions and body corporates - 124 Proceeds from sale of current investments 10,414 8,352 Interest, dividend and income from investment units 263 272 Investment in bank deposits (117) (389) Redemption of bank deposits 13 119 Investment in associates and other entities (822) (471) Net cash generated from investing activities (2) 258 128 Cash flow from financing activities Repayment of lease liabilities (including interest) (63) (68) Payment of deferred consideration - (268) Dividend paid (3,607) (3,000) Proceeds from issue of equity shares on exercise of share based awards 1 - Net cash used in financing activities (3) (3,669) (3,336) Net Increase in cash and cash equivalents (1+2+3) (423) (456) Cash and cash equivalents at the beginning of the period 804 735 Cash and cash equivalents at the end of the period 381 279 IndiaMART InterMESH Limited CIN: U74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Statement of Audited Consolidated Financials Results for the quarter and six months ended September 30, 2026
Page 12
B S R & Co. LLPChartered AccountantsBuilding No. 10, 12th Floor, Tower-CDLF Cyber City, Phase - IIGurugram - 122 002, IndiaTel: +91 124 719 1000Fax: +91 124 235 8613 Registered Office: B S R & Co. (a partnership firm with Registration No. BA61223) converted into B S R & Co. LLP (a Limited Liability Partnership with LLP Registration No. AAB-8181) with effect from October 14, 2013 14th Floor, Central B Wing and North C Wing, Nesco IT Park 4, Nesco Center, Western Express Highway, Goregaon (East), Mumbai - 400063 Page 1 of 3 Independent Auditor’s ReportTo the Board of Directors of IndiaMART InterMESH LimitedReport on the audit of the Standalone Financial ResultsOpinionWe have audited the accompanying standalone quarterly financial results of IndiaMART InterMESH Limited (“the Company”) for the quarter ended 30 September 2026 and the year -to-date results for the period from 1 April 2026 to 30 September 2026, attached herewith, being submitted by the Company pursuant to the requirement of Regulation 33 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").In our opinion and to the best of our information and according to the explanations given to us, these standalone financial results:a. are presented in accordance with the requirements of Regulation 33 of the Listing Regulations in this regard; andb. give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards, and other accounting principles generally accepted in India, of the net profit and other comprehensive income and other financial information for the quarter ended 30 September 2026 and for the year to date results for the period from 1 April 2026 to 30 September 2026.Basis for OpinionWe conducted our audit in accordance with the Standards on Auditing (“SAs”) specified under section 143(10) of the Companies Act, 2013 (“the Act”). Our responsibilities under those SAs are further described in the Auditor’s Responsibilities for the Audit of the StandaloneFinancial Results section of our report. We are independent of the Company, in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Act, and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we have obtained, is sufficient and appropriate to provide a basis for our opinion.Management’s and Board of Directors’ Responsibilities for the Standalone Financial ResultsThese quarterly financial results as well as the year to date standalone financial results have been prepared on the basis of the interim financial statements.The Company’s Management and the Board of Directors are responsible for the preparation of these standalone financial results that give a true and fair view of the net profit/ loss and other comprehensive income and other financial information in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, ‘Interim Financial Reporting’ prescribed under Section 133 of the Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the Listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are
Page 13
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 2 of 3 free from material misstatement, whether due to fraud or error.In preparing the standalone financial results, the Management and the Board of Directors are responsible for assessing the Company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of Directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so. The Board of Directors is also responsible for overseeing the Company’s financial reporting process.Auditor’s Responsibilities for the Audit of the Standalone Financial ResultsOur objectives are to obtain reasonable assurance about whether the standalone financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone financial results.As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:–Identify and assess the risks of material misstatement of the standalone financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.–Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the company’s internal control.–Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the Management and Board of Directors.– Conclude on the appropriateness of the Management’s and Board of Directors’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor’s report to the related disclosures in the standalone financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the Company to cease to continue as a going concern.–Evaluate the overall presentation, structure and content of the standalone financial results, including the disclosures, and whether the standalone financial results represent the underlying transactions and events in a manner that achieves fair presentation.We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Page 14
B S R & Co. LLPIndependentAuditor’sReport(Continued)IndiaMART InterMESH Limited Page 3 of 3 We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.For B S R & Co. LLPChartered AccountantsFirm’s Registration No.:101248W/W-100022David JonesPartnerGurugram Membership No.: 09811327 October 2026 UDIN:26098113VZVEKM6351
Page 15
I. Audited Standalone Financials Results (Amounts in INR million, except per share data) S.No. Particulars Year ended September 30, 2026 June 30, 2026 September 30, 2025 September 30, 2026 September 30, 2025 March 31, 2026 Audited Audited Audited Audited Audited Audited 1 Income: a) Revenue from operations 3,890 3,759 3,603 7,649 7,066 14,428 b) Other income (86) 881 80 795 924 1,908 Total income 3,804 4,640 3,683 8,444 7,990 16,336 2 Expenses: a) Employee benefits expense 1,562 1,571 1,574 3,133 3,059 6,344 b) Finance costs 6 5 7 11 15 27 c) Depreciation and amortisation expense 26 26 36 52 71 139 d) Other expenses 764 695 879 1,459 1,510 2,881 Total expenses 2,358 2,297 2,496 4,655 4,655 9,391 3 Profit before tax (1-2) 1,446 2,343 1,187 3,789 3,335 6,945 4 Tax expense a) Current tax 476 423 393 899 777 1,606 b) Deferred tax (93) 159 (41) 66 63 87 Total tax expense 383 582 352 965 840 1,693 5 Net Profit for the period/year (3-4) 1,063 1,761 835 2,824 2,495 5,252 6 Other comprehensive income/ (loss) (net of tax) -Items that will not be reclassified to profit or loss 10 6 7 16 (15) 37 7 Total comprehensive income for the period/year (5+6) 1,073 1,767 842 2,840 2,480 5,289 8 Paid up equity share capital (face value : INR 10/- each) 601 601 600 601 600 601 9 Other equity for the year 24,816 10 Earnings per equity share: Basic earnings per equity share (INR 10 per share) 17.68 29.29 13.91 46.96 41.57 87.49 (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Annualised) Diluted earnings per equity share (INR 10 per share) 17.64 29.20 13.85 46.82 41.42 87.15 (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Not annualised) (Annualised) IndiaMART InterMESH Limited Quarter ended Six months ended Statement of Audited Standalone Financials Results for the quarter and six months ended September 30, 2026 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India CIN: L74899DL1999PLC101534
Page 16
II. Audited Standalone Balance sheet (Amounts in INR million) September 30, 2026 March 31, 2026 Audited Audited Non-current assets Property, plant and equipment 34 39 Right-of-use assets 146 164 Intangible assets 9 6 Investment in subsidiaries and associates 11,679 11,309 Financial assets (i) Investments 3,885 3,427 (ii) Loans 763 737 (iii) Others financial assets 688 660 Non-current tax assets (net) 47 47 Other non-current assets 23 14 17,274 16,403 Current assets (i) Investments 27,975 28,526 (ii) Trade receivables 11 11 (iii) Cash and cash equivalents 314 771 (iv) Bank balances other than (iii) above 5 3 (v) Loans 6 6 (vi) Others financial assets 107 232 Other current assets 55 66 Total current assets 28,473 29,615 45,747 46,018 Share capital 601 601 Other equity 24,168 24,816 24,769 25,417 Liabilities (i) Lease liabilities 91 131 Contract liabilities 7,279 7,018 Provisions 470 438 Deferred tax liabilities (net) 484 412 8,324 7,999 (i) Lease liabilities 111 100 (ii) Trade payables (a) total outstanding dues of micro enterprises and small enterprises 174 146 (b) total outstanding dues of creditors other than micro enterprises and small enterprises 156 113 166 213 Contract liabilities 11,350 11,300 240 487 Provisions 144 124 Current tax liabilities (net) 313 119 12,654 12,602 20,978 20,601 45,747 46,018 IndiaMART InterMESH Limited CIN: U74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Non-current liabilities Financial liabilities Statement of Audited Standalone Financials Results for the quarter and six months ended September 30, 2026 Total liabilities Total equity and liabilities Current liabilities Financial liabilities (iii) Other financial liabilities Other current liabilities Total current liabilities As at Total non-current liabilities Assets Total non-current assets Financial assets Total assets Equity and liabilities Equity Total equity
Page 17
Notes to the Statement of Audited Standalone Financial Results for the quarter and six months period ended September 30, 2026: 1 2 3 4 5 6 For and on behalf of the Board of Directors IndiaMART InterMESH Limited Place: Noida Dinesh Chandra Agarwal Date: 27 October 2026 (Managing Director and Chief Executive Officer) As per IND AS 108 "Operating Segments", the Company has disclosed the segment information only as a part of consolidated financial results. The results for the quarter and six months ended September 30, 2026 are available on the BSE Limited website (URL: www.bseindia.com/corporates), the National Stock Exchange of India Limited website (URL: www.nseindia.com/corporates) and on the Company's website. The Government of India has notified provisions of The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020 and T he Occupational Safety, Health & Working conditions code, 2020 (“Labour Codes”) subsuming 29 existing labour laws, which introduce changes to, inter alia, the defin ition of wages and the eligibility criteria for statutory employee benefits. These Codes have been made effective from 21 November 2025; however, the corresponding rules have been notified only by four State s, while the rules for the remaining States are yet to be notified. During the previous year ended 31 March 2026, the Company assessed the impact of the notified Labour Codes and recognised the resultant employee benef it expense in the standalone financial results in accordance with Ind AS 19 – Employee Benefits. The Government is in the process of notifying related rules to the New Labour Codes for remaining states. The Company will evaluate the impact of such ru les, if any, and recognise the consequential effect in the period in which the relevant rules are notified, in accordance with the applicable accounting standards. The above standalone financial results for the quarter and six months period ended September 30, 2026 were reviewed and recommended by the Audit Commi ttee on October 26, 2026 and subsequently approved by the Board of Directors at its meeting held on October 27, 2026. The statutory auditors have expressed an unmodified audit opinion on these results. The above standalone financial results have been prepared in accordance with the Indian Accounting Standards (referred to as “Ind AS”) as prescribed under Section 133 of the Companies Act, 2013 read with Companies (Indian Accounting Standards) Rules, 2015, as amended from time to time. The standalone cash flow statement is attached in Annexure I. Dinesh Chandra Agarwal Digitally signed by Dinesh Chandra Agarwal Date: 2026.10.27 12:34:50 +05'30'
Page 18
Annexure -I For the six months ended For the six months ended September 30 2026 September 30 2025 Audited Audited Cash flow from operating activities Profit before tax for the period 3,789 3,335 Adjustments for: Depreciation and amortisation expense 52 71 Interest and other income (55) (25) Fair value gain on measurement and income from sale of mutual funds, bonds, debentures, units of alternative Investment funds and Investment trust (919) (895) Fair value loss on measurement of Investment in other entities 200 - Gain on disposal of property, plant and equipment (3) - Share-based payment expense 113 168 Impairment loss on investment - 160 Finance costs 11 15 Other (15) - Operating profit before working capital changes 3,173 2,829 Changes in: Trade receivables 1 10 Other financial assets 121 164 Other assets 1 (14) Other financial liabilities (50) (56) Trade payables 71 75 Contract liabilities 311 323 Provisions and other liabilities (158) (153) Cash generated from operations 3,470 3,178 Income tax paid (net) (702) (644) Net cash generated from operating activities (1) 2,768 2,534 Cash flow from investing activities Proceeds from sale of property, plant and equipment 3 1 Purchase of property, plant and equipment, other intangible assets and capital advances (8) (11) Purchase of current investments (8,765) (5,989) Inter-corporate deposits placed with financials institutions - (700) Investment in subsidiaries, associates and other entities (1,020) (764 ) Proceeds from sale of current investments 10,016 7,647 Interest and income from investment units 220 227 Investment in bank deposits (2) (301) Net cash generated from/(used in) from investing activities (2) 444 110 Cash flow from financing activities Repayment of lease liabilities (including interest) (63) (68) Payment of dividends (3,607) (3,000) Proceeds from issue of equity shares on exercise of share based awards 1 - Net cash used in financing activities (3) (3,669) (3,068) Net decrease in cash and cash equivalents (1+2+3) (457) (424) Cash and cash equivalents at the beginning of the period 771 686 Cash and cash equivalents at the end of the period 314 262 (Amounts in INR million) Statement of Audited Standalone Financials Results for the quarter and six month ended 30 September 2026 IndiaMART InterMESH Limited CIN: U74899DL1999PLC101534 Regd.office :- 1st Floor, 29-Daryaganj,Netaji Subhash Marg, Delhi-110002,India Audited Standalone Statement of Cash Flows for the period ended September 30, 2026