Indiamart Intermesh gains after Q3 profit rise

IndiaMART InterMESH

21/01/2026 04:22

** Shares of Indiamart Intermesh INMR.NS rise 4.4% to 2,235.30 rupees

** The B2B online marketplace reports nearly 56% increase in quarterly consolidated net profit at 1.88 billion rupees, 13.4% rise in quarterly consolidated revenue from ops at 4.02 billion rupees

** Jefferies upgrades INMR to "hold" from "underperform"; lowers PT to 2,100 rupees from 2,120 rupees

** Brokerage expects IndiaMart to deliver 12%/7% CAGRs in revenue/earnings in FY26-28; says after falling by 15% over the past two months, stock is trading at 23x 1-yr fwd consol PE which limits downside risks

** Stock rated as "buy" on average; median PT at 2,580 rupees - LSEG data

(Reporting by Brijesh Patel in Bengaluru)

((Brijesh.Patel1@thomsonreuters.com; Ph no. +91 9590227221;))