IndiaMART Intermesh Q3 Results: Net Profit Jumps 48% to ₹121 Crore, Revenue Grows 16%
Shares of Indiamart Intermesh Ltd ended at ₹2,285.50, up by ₹16.95 or 0.75% on the BSE.
IndiaMART Intermesh Ltd, a leading B2B e-commerce firm, reported impressive financial results for the third quarter that ended December 31, 2024. The company's net profit surged by 47.6% year-on-year (YoY), reaching ₹121 crore, while revenue from operations climbed 16% to ₹354.3 crore.
Key Financial Highlights
- Net Profit: ₹121 crore, up from ₹82 crore in Q3 FY24, reflecting a 48% increase.
- Revenue: ₹354.3 crore, a 16% rise compared to ₹305.3 crore in the same quarter last year.
- EBITDA: ₹138.3 crore, a robust growth of 61.4% YoY from ₹85.7 crore.
- EBITDA Margin: Improved to 39% from 28.1% in Q3 FY24.
EBITDA (Earnings Before Interest, Tax, Depreciation, and Amortisation) performance underscores the company’s efficient cost management and higher revenue realization.
Corporate Appointments
- Manish Vij: Appointed as an Additional Director (Non-Executive Independent Director) for a three-year term, based on the Nomination and Remuneration Committee's recommendations.
- Manoj Bhargava: Appointed as an Additional Director (Executive Director) for a five-year term. Unlike Vij, Bhargava's role is subject to retirement by rotation.
Both appointments are pending shareholder approval and adhere to regulatory compliance.
Resignation of Independent Director
Aakash Chaudhry, an Independent Director, stepped down effective January 21, 2025. His resignation was attributed to personal reasons, with no underlying material concerns noted in his statement.
Stock Market Performance
The results were announced after market hours. Ahead of the announcement, shares of IndiaMART Intermesh Ltd closed at ₹2,285.50 on the BSE, marking an increase of ₹16.95 or 0.75%.
Conclusion
IndiaMART’s strong financial performance in Q3 FY25 highlights its resilience and robust business model, with significant growth in profit margins and revenue. The strategic appointments and operational efficiency continue to position the company as a leader in the B2B e-commerce space.
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