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- Net Profit Margin Expands to 30% with EBITDA Margin Reaching 39%
- Standalone revenue grows by 16%, closing at INR 337Cr
Noida, India, January 21, 2025: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the third quarter ending December 31, 2024.
Consolidated Financial Highlights (Q3 FY2025):
IndiaMART reported consolidated Revenue from Operations of Rs. 354 Crore as compared to Rs. 305 Crore in the corresponding quarter of last year, representing a growth of 16%. This includes IndiaMART Standalone Revenue of Rs. 337 Crore and Busy Infotech Revenue of Rs 16 Crore, registering a growth of 16% and 30% respectively on YoY basis.
Collections from Customer grew by 10% to Rs. 363 Crore for the quarter, primarily comprising of Standalone Collections of Rs. 341 Crore and Busy Infotech Collections of Rs 20 Crore.
Deferred Revenue as on December 31, 2024 increased to Rs. 1,492 Crore representing a YoY growth of 17%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,430 Crore and Busy Infotech Deferred Revenue of Rs. 57 Crore.
Net Profit for the quarter was Rs. 121 Crore representing margin of 30%. Cash Flow from Operations for the quarter was Rs. 114 Crore. Cash and Investments balance stood at Rs. 2,606 Crore as on December 31, 2024.
Standalone Financial Highlights (Q3 FY2025):
Standalone Revenue from Operations increased to Rs. 337 Crore as compared to Rs. 291 Crore last year representing a growth of 16%. The growth was primarily driven by improvement in realization from paying suppliers.
Collections from Customer grew to Rs. 341 Crore for the quarter and Deferred Revenue as on December 31, 2024 increased to Rs. 1,430 Crore representing a YoY growth of 16%.
EBITDA for the quarter was at Rs. 144 Crore representing margin of 43%. Net Profit for the quarter was at Rs. 125 Crore representing margin of 35%.
Operational Highlights (Q3 FY2025):
IndiaMART registered Unique business enquiries of 27 million in Q3FY25, representing a YoY growth of 17%. Supplier storefronts grew to 8.2 million, an increase of 5% YoY, and paying suppliers as at the end of the quarter were 214K.
Commenting on the performance, Mr. Dinesh Agarwal, Founder & CEO, said, “ This quarter, we saw healthy growth in revenue and operating margins, along with a modest increase in deferred revenue and cash flow. We continue to focus on onboarding quality suppliers, improving matchmaking relevancy, and enhancing the overall user experience on our platform. We are confident in the strength of our business model and our unique position to capitalize on the increasing digital adoption by businesses. On the back of sustained profitability and healthy cash flow, we remain committed to strengthening our value proposition for all stakeholders.”
Online Coverage:
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Print Coverage:
Rashtriya Sahara, Dainik Bhaskar, Business Standard (English & Hindi)