English
Specials
    Upgrade
    MoneycontrolBe a PRO
    Moneycontrol PRO
    Open App
    Upcoming Event: Finterest EduTech Technical Analysis Programme in Oct, book your seats.
    you are here: HomeNewsBusinessEarnings

    IndiaMart InterMesh: Shift to online makes this B2B player a compelling proposition

    Lower churn-out of subscribers, various cost reduction measures, and an asset light business model positives for IndiaMart

    Nandish Shah
    August 27, 2020 / 04:03 PM IST
    IndiaMart InterMesh: Shift to online makes this B2B player a compelling proposition

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

     The June quarter results of IndiaMart (CMP: Rs 3,650, Market capitalisation: Rs 10,564 crore) were above Street expectations mainly on the back of a lower churn in subscriber base and the cost reduction initiatives taken by the company. As of June, IndiaMart had a 6.1 million Indian supplier storefronts, 10.7 crore registered buyers and live product listing of nearly 6.8 crore. The promoters of IndiaMart own a 52 per cent stake in the company, which offers a B2B (business to...

    • PRO Panorama

      Moneycontrol Pro Panorama | How much firepower does RBI have to defend rupee?

      Sep 23, 2022 / 03:01 PM IST

      In today’s edition of Moneycontrol Pro Panorama: Indian consumer market dons festivity look, Vedanta's rollercoaster ride, India’s edtech sector slumps, companies crackdown on moonlighters, and more

      Read Now
    • PRO Weekender

      Moneycontrol Pro Weekender | Fighting the Fed 

      Sep 3, 2022 / 10:06 AM IST

      India is bracing for the ripple effect of the frontloading of rate hikes by the US Fed. The question is, can it have the last laugh

      Read Now

    To read the full story, Subscribe to Moneycontrol PRO

    Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

    View Plans

    Already a member? Sign in

    Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

    50% OFF

    What Do You Get

    • Ad free experience

      Experience a non-intrusive navigation and faster response in the ad free mode

    • Sharpest Opinions

      Access to 230+ exclusive stories per month from our editorial and Experts

    • +

      Have a Global edge with access to content from world renowned experts and journalist

    • Actionable Insights

      Access to 40+ weekly investment ideas including 4 daily technical calls

    • Virtual Events

      Exclusive access to live webinars from market experts on trading and investment strategies

    • Newsletters

      Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

    View Offers

    Get upto 50% discount on limited period offers