Full Year and Fourth Quarter ending March 31, 2020

Noida, India,May12, 2020:IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the full year and fourth quarter ending March 31, 2020.

Financial Highlights (Q4 FY2020):

IndiaMART reportedconsolidated Total Revenue from Operations of Rs. 170Crore, 23% growth YoYdriven by anincrease in the number of payingsubscribersas well as higher realization from existing customers.Consolidated Deferred Revenue grew by 17% from Rs. 586Crore in Q4FY19 to Rs. 685Crore in Q4FY20 Crore leading to much better visibility for future revenues.

Consolidated EBITDA was Rs. 52Crore representing a margin expansion from 15% in Q4FY19 to 31% in Q4FY20 partly due to increase in revenues and adoption of IndAS 116. Consolidated EBIT for Q4 FY20 was Rs. 46 Crore representing a margin expansion from 14% in Q4 FY19 to 27% in Q4 FY20.

Profit before Tax was at Rs.61Crore representing a Profit before Tax margin of 33%. Net Profit was at Rs 44 Crore.

The Company generatedconsolidated Cash Flow from Operations of Rs. 94Crore leading toCash and Investments of Rs. 931Crore as on March31, 2020 as compared to 685Crore on March 31, 2019, an increase of 36% YoY.

Operational Highlights (Q4 FY2020):

Traffic grew to 180 million in Q4 FY20 from 171 million in Q4 FY19, an increase of 5% YoY and total business enquiries deliveredincreased to 116million from 112million, a growth of 3%.Supplier Storefronts grew to 6million in Q4FY20 an increase of 8% YoY and paying subscription suppliers grew to 147thousand, a growth of 14%.

Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:

“I am happy to report closure of the financial year with a modest growth in revenues in these turbulent times.  Our growth in cash flow from operations and deferred revenues remained subdued as the economy continued to face strong headwinds.  While we expect short term decline in demand and business activity due to the ongoing turbulence, we believe our value proposition will only become stronger as more and more businesses look for transforming themselves and adapt to online.  Our strong balance sheet and a resilient business model will help us to navigate through these tough times and emerge stronger and better.”

About IndiaMART:

IndiaMART is India’s largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation, lead management and payment solutions to its sellers.