logo
close icon

Indiamart Intermesh Q4 net profit up 26 pc to Rs 56 cr | OutLook

OutLook

New Delhi, Apr 29 (PTI) B2B e-commerce firm Indiamart Intermesh on Thursday posted a 26 per cent increase in consolidated net profit to Rs 56 crore for the fourth quarter ended March 31, 2021.

The company had posted a net profit of Rs 44 crore in the same period a year ago.

Total income of the company increased by about 1 per cent to Rs 190 crore during the reported quarter from Rs 187 crore in the corresponding period of 2019-20.

“Strong response from global and domestic investors leading to successful closure of QIP offering in this volatile market environment further demonstrated their confidence in the business model. 

“During these trying times, we remain committed to employee safety and customer centric approach helping businesses grow through on-line transformation,” Indiamart Intermesh CEO Dinesh Agarwal said in a statement.

During the reported quarter, Indiamart completed its qualified institutional placement (QIP) of equity shares by raising Rs 1,070 crore. The company plans to use the proceeds for future growth and expansion.

“With a stronger balance sheet we will continue to invest in strengthening our value proposition further, positioning us well to leverage the emerging long term market opportunities,” Agarwal said.

For the year ended March 31, 2021, Indiamart Intermesh posted a 90 per cent increase in consolidated net profit to Rs 280 crore compared to Rs 147 crore in 2019-20.

Total income of the company increased by 7 per cent to Rs 756 crore in 2020-21 from Rs 707 crore in the preceding fiscal.

The board of directors has recommended a final dividend of Rs 15 per share for the fiscal year 2021, subject to shareholder approval. PTI PRS ABM ABM

Published
Categorized as Top Stories

Latest Posts

IndiaMART InterMESH Limited Announces Strong Q1FY26 Results with 12%...

Posted on July 18, 2025

Increase in standalone revenue at Rs. 346 Crore, representing YoY growth of 10% The net profit for the quarter stood at Rs. 154 Crore, representing...

Read More

How to Create Long-Term Customer Relationships

Posted on July 9, 2025

In the case of any business, creating long-term customer relationships is one of the best ways to achieve growth and stability. Long-term relationships imply not...

Read More

How to Use GST Input Tax Credit: Simplified

Posted on July 2, 2025

For a registered taxpayer, the utilization of GST Input Tax Credit (“ITC”) is among the strongest ways to reduce GST burden and enhance cash flow....

Read More