IndiaMART Q2 Results: Net Profit Soars 95% to ₹135 Crore Revenue Up 49%
IndiaMART InterMESH Ltd a leading online B2B marketplace announced its impressive Q2 FY25 results on October 19. the party according amp important 947% year-on-year (YOY) increase inch clear benefit stretch ₹1351 crore compared to ₹694 crore inch the like stern of the old year
revenue from trading operations too seen amp important 488% rush regular astatine ₹3477 crore compared to ₹2947 crore inch the like stern of go fiscal
Ebitda Increase and Edge Expansion
Indiamart Ebitda (earnings ahead concern taxes derogation and amortisation) adage amp sound 684% rise to ₹1347 crore inch q2 leading from ₹80 crore yoy. This led to an Improved EBITDA margin of 38.7% a notable increase from the 27.2% recorded in the previous year corresponding period.
Revenue and Collections
IndiaMART’s customer collections grew by 6% YoY to ₹356 crore including ₹337 crore from standalone collections and ₹17 crore from Busy Infotech. postponed gross too showed amp good 19% YOY increase totaling ₹1483 crore with standalone postponed gross astatine ₹1426 crore.
The company cash in run from trading operations for q2 stood astatine ₹103 crore with amp cash in and investing correspondence of ₹2449 crore arsenic of sept cardinal 2024
Business Metrics
Indiamart qualified cardinal cardinal alone line enquiries inch q2 FY25 mark amp 14% YOY increase. Supplier storefronts increased by 5% reaching 8 million while the number of paying suppliers rose to 218000 with 2400 net new subscribers added during the quarter.
CEO Statement
Dinesh Agarwal CEO of IndiaMART stated “We continue to achieve healthy growth in revenue and margins while supporting businesses with our vision of making it easier to do business online.”
On October 18 shares of IndiaMART closed at ₹3017.60 on the BSE down 0.66% from the previous day.