India, July 21 -- B2B ecommerce company IndiaMART InterMESH reported a 12% increase in its consolidated net profit to Rs.172.2 Cr in the first quarter of FY27 from Rs.153.5 Cr a year earlier.

On a sequential basis, profit zoomed over 3.4X from Rs.50.2 Cr.

Operating revenue increased 11% YoY and 3% QoQ to Rs.414.4 Cr. Including other income of Rs.106.7 Cr, total income for the quarter stood at Rs.521.1 Cr.

IndiaMART's EBITDA increased 10% YoY as well as QoQ to Rs.14.6 Cr.

Core Marketplace Continues To Drive Revenue

IndiaMART's web and related services business, its largest revenue contributor, grew 9% YoY to Rs.375.9 Cr during the quarter. Meanwhile, revenue from its accounting software business rose 49% YoY to Rs.38.5 Cr.

The compan...