The company’s consolidated revenue from operations stood at Rs 354.3 crore during the recently concluded quarter
Marking a healthy improvement in its performance, IndiaMart Intermesh (IndiaMart) has registered a 47.7 per cent year-on-year (YoY) increase in its consolidated net profit for the third quarter of the current financial year (Q3FY25). The net profit stood at Rs 121 crore, up from Rs 81.9 crore in Q3FY24.
The unaudited consolidated financial results of the company revealed that consolidated revenue from operations stood at Rs 354.3 crore during the recently concluded quarter as compared to Rs 305.3 crore in the corresponding quarter of last year. This marked a growth of 16 per cent and includes IndiaMart standalone revenue of Rs 337 crore and Busy Infotech revenue of Rs 16 crore, registering a growth of 16 per cent and 30 per cent, respectively on a YoY basis.
Collections from customers grew by 10 per cent to Rs 363 crore for the quarter, primarily comprising standalone collections of Rs 341 crore and Busy Infotech Collections of Rs 20 crore. Deferred revenue as on 31 December 2024 increased to Rs 1,492 crore representing a YoY growth of 17 per cent, as per the company’s statement.
“This quarter, we saw healthy growth in revenue and operating margins, along with a modest increase in deferred revenue and cash flow. We continue to focus on onboarding quality suppliers, improving matchmaking relevancy, and enhancing the overall user experience on our platform. We are confident in the strength of our business model and our unique position to capitalise on the increasing digital adoption by businesses,” stated Dinesh Agarwal, Chief Executive Officer (CEO).
As far as the operational performance is concerned, IndiaMart registered unique business enquiries of 27 million in Q3FY25, representing a YoY growth of 17 per cent. Supplier storefronts grew to 8.2 million, an increase of 5 per cent YoY.
