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Noida, India, April 28, 2023: 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,
2023.
Financial Highlights (Q4 FY2023):
IndiaMART reported consolidated Revenue from Operations of Rs. 269 Crore in Q4 FY23, a growth
of 33% YoY primarily driven by 20% increase in number of paying subscription suppliers and addition
of Rs. 12 Crore revenue from accounting software services. Consolidated Deferred Revenue increased
by 28% YoY to Rs. 1,162 Crore as on March 31, 2023.
The Company continued making growth investments in manpower, product and technology, sales and
servicing resulting into growth in revenue and paying subscription suppliers. As a result, consolidated
EBITDA was Rs. 66 Crore for Q4 FY23 representing EBITDA margin of 25%.
The Other Income increased to Rs. 31 crores primarily due to fair value gain on treasury investments.
Net Profit for this quarter was Rs. 56 Crore representing margin of 19%.
Consolidated Cash Flow from Operations for the quarter was at Rs. 209 Crore. Cash and Investments
balance stood at Rs. 2,335 Crore as on March 31, 2023.
Operational Highlights (Q4 FY2023):
IndiaMART registered traffic of 252 million and Unique business enquiries of 22 million in Q4 FY23.
Supplier Storefronts grew to 7.5 million, an increase of 6% YoY and paying subscription suppliers
grew to 202,690 a net addition of 8,335 subscribers during the quarter. Total headcount increased by
170 to 4,583 at the end of the quarter with focus on strengthening Sales and Servicing teams.
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:
“We are happy to close the financial year with a continued growth in customers, revenue and cash flows
while maintaining healthy margins in the business. We continue to invest in further strengthening our
product, technology and building strong customer relationships. This remains integral to our long-term
strategy to drive profitable growth and leverage our value proposition to create value for all our
stakeholders.”
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.