Indiamart Intermesh Limited — Updates, 21-01-2025: Press Release

IndiaMART reported strong performance for the third quarter, with consolidated Revenue from Operations reaching Rs. 354 Crore, up 16% from the same period last year. Standalone Revenue also grew 16% to Rs. 337 Crore, primarily due to improved supplier realizations. Customer collections rose 10% to Rs. 363 Crore. Deferred Revenue as of December 31, 2024, stood at Rs. 1,492 Crore, marking a 17% year-on-year increase.

Net Profit for the quarter was Rs. 121 Crore, yielding a margin of 30%, complemented by a cash flow from operations of Rs. 114 Crore. The company is witnessing growth in unique business inquiries, with 27 million recorded, up 17% year-on-year. IndiaMART’s strategic focus on enhancing user experience and onboarding quality suppliers positions it well for ongoing digital adoption. This positive trajectory suggests solid potential for future growth, making it a company to watch closely.