Indiamart Intermesh Limited has released its audited consolidated and standalone financial statements for the quarter and financial year ended 31 March 2026. The company has made these documents available on its official website, ensuring transparency and accessibility for stakeholders.
The financial statements, along with the auditor’s report, provide a comprehensive overview of the company’s financial performance over the past year. The audit was conducted by B S R & Co. LLP, which confirmed that the statements give a true and fair view of the consolidated state of affairs of Indiamart Intermesh and its subsidiaries.
Key audit matters highlighted in the report include revenue recognition from web services and goodwill impairment. The company follows a prepaid model for its web services, recognising revenue over the contract period as it fulfils performance obligations. Given the high volume of transactions managed by internal IT systems, the audit emphasised the importance of ensuring the accuracy and existence of revenue recognition.
Additionally, the audit addressed the impairment of goodwill related to previous business acquisitions, including Busy Infotech Private Limited and Livekeeping Technologies Private Limited. The report noted the complexity involved in determining the recoverable amount of cash-generating units (CGUs) and the significant judgement required in making assumptions for future revenue growth and discount rates.
The audit procedures involved evaluating the design and implementation of key internal controls, testing the operating effectiveness of these controls, and assessing the appropriateness of the valuation methodology used in impairment testing.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).