Indiamart Inter Standalone December 2023 Net Sales at Rs 291.40 crore, up 21.32% Y-o-Y
19-01-2024
IndiaMART InterMESH Results Earnings Call for Q3FY24
Conference Call with IndiaMART InterMESH Ltd. Management and Analysts on Q3FY24 Performance and Outlook. Listen to the full earnings transcript.18-01-2024
IndiaMART InterMESH Ltd - 542726 - Audited (Standalone And Consolidated) Financial Statements For The Quarter And Nine Months Ended December 31, 2023
Please find enclosed herewith the copy of Audited ( Standalone and Consolidated ) Financial Statements of the Company for the quarter and nine months ended December 31, 2023.18-01-2024
Q3FY24 Quarterly Result Announced for IndiaMART InterMESH Ltd.
Internet Software & Services company IndiaMART InterMESH announced Q3FY24 results: Consolidated Financial Highlights (Q3FY24): IndiaMART reported consolidated Revenue from Operations of Rs 305 crore as compared to Rs 251 crore in the corresponding quarter of last year, representing a growth of 21%. This includes IndiaMART Standalone Revenue of Rs 291 crore and Busy Infotech Revenue of Rs 13 crore, registering a growth of 21% and 26% respectively on YoY basis. Collections from Customers grew to Rs 332 crore for the quarter and Deferred Revenue as of December 31, 2023, increased to Rs 1,270 crore representing a YoY growth of 25%. Net Profit for the quarter was at Rs 82 crore representing a margin of 24%. Cash Flow from Operations for the quarter was at Rs 106 crore. Cash and Investments balance stood at Rs 2,039 crore as of December 31, 2023. Standalone Financial Highlights (Q3FY24): Standalone Revenue from Operations of IndiaMART grew to Rs 291 crore as compared to Rs 240 crore last year representing a growth of 21%. The growth was primarily driven by an improvement in realization from existing customers and a 9% increase in the number of paying subscription suppliers. Collections from Customers grew to Rs 316 crore for the quarter and Deferred Revenue as of December 31, 2023, increased to Rs 1,229 crore representing a YoY growth of 24%. EBITDA for the quarter was at Rs 87 crore representing an EBITDA margin of 30%. Net Profit for the quarter was at Rs 92 crore representing a margin of 28%. Operational Highlights (Q3FY24): IndiaMART registered traffic of 272 million and Unique business inquiries of 23 million in Q3FY24; representing a YoY growth of 9% and 4% respectively. Supplier Storefronts grew to 7.8 million, an increase of 5% YoY, and paying subscription suppliers grew to 212K representing a net addition of 1,826 subscribers during the quarter. Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said: "We are pleased to report modest growth in revenue, deferred revenue, and healthy operating margins in the third quarter. We continue to focus on enhancing customer experience on our platform and driving deeper penetration of paying customers across cities, enabling businesses to grow online. We remain confident of sustained profitable growth and cash flows as we leverage market opportunities amidst increasing digital adoption by businesses." Result PDF18-01-2024
IndiaMART InterMESH Ltd - 542726 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find enclosed the Press Release for the quarter ended December 31, 2023.18-01-2024
IndiaMART InterMESH Ltd - 542726 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find enclosed herewith the Investor Presentation on Audited ( Standalone and Consolidated) Financial Results for the quarter ended December 31, 2023.18-01-2024
IndiaMART InterMESH Ltd - 542726 - Audited (Standalone And Consolidated) Financial Results For Quarter And Nine Months Ended December 31, 2023
Pursuant to Regulation 33 SEBI (Listing Obligations and Disclosure Requirements) regulations, 2015, we wish to inform you to inform that Audited( Standalone and Consolidated) Financial Results for quarter and nine months ended December 31, 2023 were approved by the Board of Directors of the Company in its meeting held today i.e. Thursday, January 18, 2024. Please find enclosed herewith a copy of the Financial Results of the Company along with with the Auditor''s Report.18-01-2024
IndiaMART InterMESH Ltd - 542726 - Board Meeting Outcome for Outcome Of The Board Meeting
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), we wish to inform you that the meeting of the Board of Directors of the Company held today i.e., Thursday, January 18, 2024, inter-alia, approved the Audited (Standalone and Consolidated) Financial Results (Collectively referred as 'Financial Results') of the Company for the quarter and nine months ended December 31, 2023. A copy of Financial Results along with Auditors' Report thereupon is enclosed herewith.18-01-2024
IndiaMART InterMESH Ltd - 542726 - Statement Of Deviation Or Variation In Utilization Of Funds
Please find enclosed Statement of Deviation for the quarter ended December 31, 2023.17-01-2024
IndiaMART InterMESH Ltd - 542726 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
This is to inform you that, pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III of the Regulation, the Company has scheduled an Earnings Conference Call for investors and analysts on Thursday, January 18, 2024 at 17:00 hours IST to discuss its results and developments for the quarter ended December 31, 2023. Please find enclosed the details of Earnings Conference Call and the same is also available on the Company''s website at https://investor.indiamart.com/CorporateAnnouncements.aspx15-01-2024