India, Oct. 27 -- B2B ecommerce platform IndiaMART InterMESH's net profit for the September quarter (Q2 FY27) rose 9.8% YoY to Rs.90.7 Cr from Rs.82.6 Cr in the year ago quarter. Sequentially, profit tanked by 47.3% from Rs.172.2 Cr.

IndiaMART's operating revenue grew 10% YoY and 3.4% QoQ to Rs.428.6 Cr in the quarter. However, negative other income of Rs.7.6 Cr pulled total income down to Rs.421 Cr. The company said interest income on financial assets measured at amortised cost is recognised under other income using the effective interest rate method.

Meanwhile, total expenses for the quarter rose 2.7% YoY to Rs.276.3 Cr. The company's share of losses from associates widened to Rs.15.3 Cr from Rs.13.4 Cr a year earlier. The company's t...