+91-9696969696
Noida, India, July 22, 2021: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the
“Company”), today announced its financial results for the first quarter ending June 30, 2021.
Financial Highlights (Q1 FY2022):
IndiaMART reported consolidated Total Revenue from Operations of Rs. 182 Crore in Q1 FY22, a
growth of 19% y-o-y due to improvement in realization from existing customers and increase in number
of paying subscription suppliers. Consolidated Deferred Revenue increased from Rs. 628 Crore in Q1
FY21 to Rs. 715 Crore in Q1 FY22.
Consolidated EBITDA was Rs. 89 Crore as compared to Rs. 73 Crore in Q1 FY21. EBITDA margin for
Q1 FY22 stood at 49%. Consolidated EBIT for the period was Rs. 85 Crore. EBIT margin increased to
47% in Q1 FY22 from 45% in Q1 FY21.
Profit before Tax was at Rs.112 Crore and Net Profit was Rs.88 Crores, representing margins of 53% and
42% respectively.
Consolidated Cash Flow from Operations for the quarter was at Rs. 61 Crore, Cash and Investments
balance stood at Rs. 2,421 Crore as on June 30, 2021, as compared to Rs. 954 Crore on June 30, 2020, an
increase of 154% YoY.
Operational Highlights (Q1 FY2022):
IndiaMART sustained buyer traffic of 268 million in Q1 FY22 and business enquiries of 162 million in
Q1 FY22 during the challenging second wave of Covid-19. Paying subscription suppliers grew to 146
thousand, a growth of 9%.
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:
“We have been able to navigate the disruptions caused by the second wave of covid, much better than the
last year and have sustained a profitable growth in this quarter. Our focus had been to continue supporting
customers as well as employees in the times that had been personally challenging to many. As the overall
demand environment improves, because of our strong network effect, financial position and investments
in strengthening the value proposition, we will continue supporting businesses transforming themselves to
online and capitalize on the new growth opportunities arising from the accelerated adoption of the
internet.”
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.
IndiaMART InterMESH Ltd.
CIN :L74899DL1999PLC101534
Corporate Office
Tower 2, Assotech Business Cresterra,
Floor No.6, Plot No.22, Sec 135,
Noida-201305, U.P.
Registered Office
1st Floor, 29-Daryaganj, Netaji Subash Marg, Delhi – 110002.
For any queries, please contact: investors@indiamart.com
Equity Bulls | MoneyControl | Business Standard | Iqstockmarket |365 Newslive | Trendmergers | Business Standard