Leading B2B e-commerce platform reported a 48% YoY net profit increase to ₹121 crore for Q3 FY24, despite a 10.37% QoQ decline. Revenue grew 16%, with EBITDA rising 61%, showcasing enhanced operational efficiency and profitability.
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Share price movement of Indiamart Intermesh:
On January 22, 2025, IndiaMART InterMESH Ltd opened at ₹2,095.00, down 8.64% from its previous close of ₹2,293.40. The stock reached a high of ₹2,158.00 (-5.90%) and a low of ₹2,064.10. By 10:12 AM, it traded at ₹2,146.90, a 6.39% decline, with a market cap of ₹12,888.30 crore.
Indiamart Reports Q3 Growth:
Indiamart Intermesh Ltd. reported a 48% YoY surge in net profit to ₹121 crore for Q3 FY24, compared to ₹81.9 crore in the previous year. However, net profit fell by 10.37% QoQ from ₹135.10 crore in Q2 FY24. Revenue from operations rose 16% to ₹354.3 crore, driven by strong business growth.
The B2B e-commerce platform saw EBITDA jump 61% to ₹138.3 crore, up from ₹85.7 crore last year. The EBITDA margin expanded to 39% from 28.1% in the previous fiscal, reflecting improved operational efficiency and cost management.
Indiamart’s consistent performance highlights its growing dominance in the B2B e-commerce segment. With robust revenue growth and higher profitability, the company continues to deliver value to stakeholders while maintaining its leadership position in the industry.
Stock performance of Indiamart Intermesh for Period of 1 week, 6 months and 1 year:
Over the past week, the company delivered a 3.86% return. However, its 6-month performance showed a decline of 24.3%, and the 1-year return reflected a negative 5.91%, highlighting short-term gains amidst longer-term challenges.
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Shareholding pattern of Indiamart Intermesh:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 49.20% | 49.20% | 49.20% |
| FII | 21.10% | 23.90% | 23.40% |
| DII | 13.90% | 12.10% | 11.80% |
| Public | 15.80% | 14.80% | 15.60% |
| Others | 0% | 0.10% | 0.10% |
About Indiamart Intermesh:
IndiaMART InterMESH Ltd. (NSE: INDIAMART) is India’s largest B2B digital marketplace, holding 60% market share. It features 7.9 million supplier storefronts, 108 million product listings, and serves 194 million registered buyers with innovative solutions.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
