IndiaMART shares slide 7.6% despite 12.2% Q1 FY27 profit growth
IndiaMART InterMESH posted Q1 FY27 net profit of Rs 172 crore and revenue of Rs 414 crore, up 12.2% and 11.4% year-on-year. Shares fell as much as 7.56% as EBITDA margin narrowed 50 basis points to 35.4%.
IndiaMART reported Q1 FY27 profit growth of 12.2% and revenue growth of 11.4%, led by web and related services. Despite the earnings increase, its shares fell as much as 7.56% amid a lower EBITDA margin.