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**Financial Highlights:** IndiaMART InterMESH Ltd generated consolidated revenue of ₹354 Cr for the quarter, reflecting a 16% year-on-year growth. Standalone operations reported revenues of ₹337 Cr, also up by 16% YoY. Consolidated EBITDA was ₹138 Cr with a margin of 39%, while standalone EBITDA reached ₹144 Cr, representing a 43% margin. Net profit stood at ₹121 Cr (19% margin) for consolidated operations, and ₹125 Cr (37% margin) for standalone.
**Strategic Initiatives and Growth Drivers:** The company is focused on expanding its buyer-supplier network and enhancing its digital services, including AI-driven matchmaking and e-commerce solutions. The recent acquisition of Busy Infotech aligns with its strategy of adding value via SaaS integrations.
**Business Developments:** IndiaMART reported a deferred revenue of ₹1,492 Cr, indicating a robust subscription-based business model. Active buyers reached 43 million, and the platform hosts approximately 115 million products across various categories.
**Market Position and Competitive Advantage:** IndiaMART leads the B2B marketplace sector in India, benefiting from a solid brand reputation and a vast network effect, which sustains high customer retention.
**Investor Implications:** With strong growth metrics and strategic expansions, IndiaMART shows significant potential for future growth, making it an attractive investment opportunity in the B2B e-commerce space.