Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • Events
  • BW TV
  • Subscribe to Print
BW Businessworld

IndiaMart's Net Profit For Q4FY22 At Rs 57 Cr; Revenue Hikes 13%

The company posted operating profits of Rs 57 crore, registering a de-growth of 27 per cent QoQ, its Operating Margins declined by 27 per cent QoQ to 28 per cent

Photo Credit :

1651488509_XnrUZq_indiamart.jpeg

IndiaMart Intermesh (Indiamart) reported strong revenue growth of 7 per cent QoQ and stood at Rs 201 crore in Q4FY22, reporting revenue growth of 13 per cent YoY.

The company posted operating profits of Rs 57 crore, registering a de-growth of 27 per cent QoQ, its Operating Margins declined by 27 per cent QoQ to 28 per cent, because of the higher employee cost (33 per cent growth QoQ), cost of acquisitions.

Its net profit for Q4FY22 stood at Rs 57 crore, registering a growth of 3 per cent YoY and degrowth of 18.1 per cent QoQ. The management communicated a positive commentary on the paying subscribers. The paying subscription suppliers have increased to 169,000 in Q4 FY22. 

The traffic on the Indiamart website continues to be strong, with total visits for the quarter 260 million visits showcasing 26 per cent CAGR growth over the last five years. Management expects the addition of paid suppliers to stay robust at 6-7k in the near term led by improved sales traction and lower customer churn.

Additionally, ARPU should start recovering going forward as business activity stabilizes and entry-level customers upgrade to higher packages. We believe Indiamart has a resilient business model and has established a proven track record of strong execution capabilities.

Delivered broad-based growth

Indiamart have reported consistent growth in registered buyers, registerd buyers grew to 149 Mn showed a growth of 4.2 per cent QoQ. Indiamart has also expanded its foothold on the number of the products live on the platform, total products live on the platform stood at 83mn grew 3.75 per cent QoQ. Total business enquiries delivered stood at 120 Mn demostrated a growth of 2.6 per cent QoQ. 

Annualised ARPU for Q4 FY22 declind to Rs 47,400 but likely to improve with better offering mix. 


Tags assigned to this article:
indiamart