IndiaMART Q1 profit rises 12% to ₹172 crore; approves lending subsidiary
IndiaMART’s Q1 FY27 operating revenue grew 11% year on year to ₹414.4 crore, while Busy Infotech revenue rose 49%. The B2B marketplace has approved IndiaMART Finance, a proposed wholly owned unit for short-term working-capital credit, subject to regulatory approvals.
IndiaMART reported stronger Q1 FY27 profit and revenue, led by its B2B marketplace and Busy accounting SaaS unit. The company also approved IndiaMART Finance, a wholly owned subsidiary intended to offer short-term working-capital credit to marketplace buyers and sellers.
Why this matters
IndiaMART's lending move follows recent signals that it is doubling AI spend every six months to remove fake listings, improve buyer matching and pursue 1 million sellers, pairing marketplace quality investments with a potential credit offering.
Retail-company signals are accelerating, up +960300% QoQ.
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