IndiaMART announced the quarterly results for October-December period on January 21. The retail brand reported a significant rise of 48 percent year-over-year in net profit to Rs 120 crore in Q3 of current financial year. The net profit stood at Rs 81.9 crore in the corresponding period of FY24.
The net profit however fell 10 percent on a sequential basis. IndiaMart had reported Rs 135 crore net profit for the previous quarter (Q2 FY 25).
The firm's revenue from operations also saw strong growth, rising 16 percent YoY to Rs 354.3 crore. The revenue stood at Rs 305.3 crore in Q3 of the previous financial year. The revenue from operations saw a rise in sequential basis too. It increased nearly 2% from Rs 348 crore in Q2.
The company's EBITDA jumped 61% from a year-ago to Rs 138 crore in Q3. The EBITDA margin stood at 39%. IndiaMART reported a total expense of Rs 226 crore. This marks an increase of nearly 2 percent from the Rs 230 crore expenses reported in Q3 of FY 24.
IndiaMART’s basic earnings per equity share (EPS) was reported At Rs 20.18 at the end of the quarter. Its traffic rose 2% year-over-year to 276 million.
Read about Q3 updates LIVE
IndiaMART also announced several high profile resignations and appointments. The company’s Compliance Officer Manoj Bhargava has transitioned to a new role as Whole Time Director for a period of five years. Independent Director Aakash Chaudhry resigned due to personal reasons. Further, Manish Vij was appointed as an additional non-executive director, while Vasudha Bagri was appointed as the Compliance officer.
IndiaMART shares closed 0.75 percent higher at Rs 2,286 on January 21. Notably, the Q3 results were declared in the post market hours. The stock will be under active watch on January 22.
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