IndiaMART registers 63% growth in nine-month revenues; 73% in 3rd quarter

New Delhi, 15th February 2006 – India’s leading online B2B marketplace, recorded a 63% growth (from Rs 760.40 lacs to Rs 1242.53 lacs) in cumulative revenues for 9 months ending 31 Dec 2005 compared to the corresponding period last year. The EBDIT grew in the same proportion (63.7%) to gross at Rs 488.70 lacs as against Rs 298.40 lacs last year. The PAT for the same period grew by 65% (from Rs 292.20 lacs to Rs 176.26 lacs) over the last year.

The quarterly figures (Oct-Dec 05) showed a 73% growth in revenues (from Rs. 280.65 Lacs to Rs. 486.65 Lacs) with a 75% rise in EBDIT (from Rs 96.81 Lacs to Rs. 169.79 Lacs) and 45% growth in PAT over the same period last year.

The increased revenues and profits were largely driven by a 50% increase in the number of new clients building online catalogs at the IndiaMART network, accompanied by a good deal of existing customers upgrading to more comprehensive catalogs. Advertising on the network, that account for 15-20% of the total earnings, also witnessed a growth of 80%. IndiaMART, India’s largest online B2B marketplace offers online business promotion and matchmaking services to Indian businesses in global markets. The marketplace also offers a host of online advertising opportunities, ecommerce solutions, tenders, trade leads and email solutions.

“We are now working towards translating our success in B2B from ‘India-to-world’ model to ‘world-to-world’ model. We are committed to continuously increase and improve our offerings to our online visitors and clients”, said Mr. Dinesh Agarwal, Founder & CEO of IndiaMART. He further added that the ISO Certification attained by IndiaMART has certainly enhanced its credibility, and has added pace to the company’s growth rate.

The IndiaMART network commands a visitor base of 8 million unique business visitors globally that translate into 45 million effective page-views on the portal every month. The network generated a business worth approximately Rs. 5,000 crores for its 9,000+ clients and 3,00,000 member companies in the last financial year.

A key milestone achieved during the last year was the launch of ABCpayments, an online payment gateway service facilitating authentic and secure online transactions between buyers and sellers from across the globe. ABC Payments has tied up with business partners like CITIBANK, ICICI, UTI, and Bank of Punjab, HDFC and IDBI, to offer a single platform offering multiple online payment options.

In line with its global strategy, IndiaMART will soon announce some new services and strategic alliances aimed at enriching its portfolio.

IndiaMART is looking forward to the next financial year with optimism. This is in view of the initiatives undertaken in the previous quarters in the area of new service offerings and efficiency improvement.

IndiaMART Milestones & its Valuable Firsts:
2005: Launched ABC Payments
2004: Became India’s first ISO certified B2B dotcom company
2003: Started India’s first B2B Business Verification Service “TrustSEAL”
2002: Set up India’s largest web-development centre in Noida
2001: Won Encyclopedia Britannica Internet Award for Indian Travel Portal
2001: Business World declared IndiaMART as the only profitable dotcom in India
1999: Launched Indiangiftsportal for online gifts & shopping 1997: Launched world’s first e-portal dedicated to Indian Handicraft
1997: Launched India’s first e-commerce website for Nirula’s
1996: Created India’s first online B2B Directory to promote Indian businesses globally

Period Quarterly Results 9 Month Results Annual Results
(1 Oct-31 Dec) (1 Apr-31 Dec) (1 Apr-31 Mar)
(Rs. Lacs) (Rs. Lacs) (Rs. Lacs)
Particulars/ Financial Years 2005-06 2004-05 2005-06 2004-05 2004-2005
Income From Operations 486.65 280.65 1242.53 760.4 1131.64
Other Income 0.03 0.69 0.08 1.65 5.12
Operating Expenditure 316.89 184.53 753.91 463.65 767.34
Operating Profit 169.79 96.81 488.7 298.4 369.42
Interest 0 0.19 0 0.57 0.76
Depreciation 38.34 34.61 111.5 103.83 138.44
Profit Before Tax 131.45 62.01 377.2 194 230.22
Provision For Taxation 50 5.91 85 17.74 23.65
Profit After Tax 81.45 56.1 292.2 176.26 206.57

(Figures shown are for Web-services business of IndiaMART InterMESH Limited)



Categorized as Press Releases