Indiamart Intermesh falls on quarterly profit drop

IndiaMART InterMESH

04/05/2026 05:46

** Shares of India's Indiamart Intermesh INMR.NS fall 2.16% at 2059.40 rupees

** B2B online marketplace posted a 72% y/y drop in Q4 profit to 502 million rupees ($5.29 million)

** Jefferies downgrades INMR to "underperform" from "hold" and cuts TP to 1,810 rupees from 2,100 rupees, on Q4 earnings missing estimates

** Brokerage flags muted growth outlook, weaker subscriber addition

** Nomura ("reduce") also flags co's elevated churn and continued drop in paying subscribers; cuts TP to 1,810 rupees from 1,975 rupees

** INMR rated "buy" on average by 16 analysts, median PT at 2,477.50 rupees - LSEG data

** YTD stock down 5.4%

($1 = 94.8725 Indian rupees)

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))