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Indiamart Q3 net profit rises 60.6% to Rs 112.8 cr; revenue up 33.6% at Rs 251.4 cr

Jan 19, 2023 / 10:13 PM IST

Its consolidated revenue from operations in the third quarter rose 33.65 per cent to Rs 251.4 crore against Rs 188.1 crore in the corresponding period of the previous year, it said.

Commenting on the results Indiamart Intermesh CEO Dinesh Agarwal said it was led by growth in revenue, deferred revenue, paying subscription suppliers and cash flow from operations with healthy margins.

Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 60.68 per cent rise in its consolidated net profit to Rs 112.8 crore for the third quarter ended December 31, 2022.

The company had posted a consolidated profit of Rs 70.2 crore in the October-December quarter a year ago, it said in a regulatory filing.

Its consolidated revenue from operations in the third quarter rose 33.65 per cent to Rs 251.4 crore against Rs 188.1 crore in the corresponding period of the previous year, it added.

Commenting on the results Indiamart Intermesh CEO Dinesh Agarwal said it was led by growth in revenue, deferred revenue, paying subscription suppliers and cash flow from operations with healthy margins.