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Indiamart Intermesh Reports 12% Decline In Q3 Net Profit

Consolidated EBITDA was Rs. 79 Crore. EBITDA margin for Q3 FY22 stood at 42%. Consolidated EBIT for the period was Rs. 75 Crore with EBIT margin of 40% in Q3 FY22.

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IndiaMART has reported consolidated Total Revenue from Operations of Rs. 188 Crore in Q3 FY22, a growth of 8% YoY driven by improvement in realization from existing customers and an increase in the number of paying subscription suppliers. Consolidated Deferred Revenue grew by 25% YoY to Rs. 790 Crore as at 31 December 2021.

Consolidated EBITDA was Rs. 79 Crore. EBITDA margin for Q3 FY22 stood at 42%. Consolidated EBIT for the period was Rs. 75 Crore with EBIT margin of 40% in Q3 FY22.

Profit before Tax was at Rs. 93 Crore and Net Profit was Rs. 70 Crores, representing margins of 44% and 33% respectively.

Consolidated Cash Flow from Operations for the quarter was at Rs. 84 Crore, a year-on-year growth of 9%. Cash and Investments balance stood at Rs. 2,523 Crore as on December 31, 2021.

Operational Highlights (Q3 FY2022): IndiaMART registered traffic of 259 million and unique business inquiries of 23 million during Q3 FY22. Supplier Storefronts grew to 7 million, an increase of 10% YoY and with a net addition of 5,833 subscribers during Q3 FY22, paying subscription suppliers grew to 156 thousand.

Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said, “We are pleased to report a good financial performance in this quarter with growth in customers and deferred revenue with healthy margins and cash flows. Growing internet adoption strengthens our value proposition of helping businesses transform themselves to do business online. On the back of a strong balance sheet and cash flow from operations, we will continue to invest in our employees and product offerings for our customers that create long term value for our shareholders.”


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IndiaMart.Com q3 results