IndiaMART Reports 18% YoY Revenue Growth and Rs. 135 Crore Consolidated Net Profit in Q2 FY2025

IndiaMART InterMESH Limited, a B2B e-commerce platform, has announced its consolidated financial results for the second quarter of fiscal year 2025, ending September 30, 2024. The company reported an 18% year-over-year increase in revenue and a net profit of Rs. 135 Crore.

Key Figures:

– Revenue from Operations: Rs. 348 Crore, up 18% year-over-year
– Net Profit: Rs. 135 Crore, with a margin of 33%
– Deferred Revenue: Rs. 1,483 Crore, a 19% YoY increase
– Cash and Investments balance: Rs. 2,449 Crore

IndiaMART’s revenue from operations increased to Rs. 348 Crore, compared to Rs. 295 Crore in the same quarter last year. This growth was primarily driven by improved realization from paying suppliers and an increase in the number of paying subscribers.

Net Profit for the quarter was Rs. 135 Crore, representing a margin of 33%. Cash Flow from Operations for the quarter was Rs. 103 Crore.

Collections from customers grew by 6% to Rs. 356 Crore for the quarter.

IndiaMART reported the following operational metrics:

– Unique business enquiries: 28 million, a 14% YoY increase
– Supplier storefronts: 8 million, up 5% YoY
– Paying suppliers: 218,000, with a net addition of 2,400 subscribers during the quarter

Dinesh Agarwal, Chief Executive Officer of IndiaMART, commented on the results: “We have closed the second quarter with growth in revenue and operating margins along with growth in deferred revenue and cash flows. We continue to focus on improving the experience of buyers as well as suppliers and strengthen our value proposition further.”