The shares of the first and largest B2B digital marketplace gained up to 9.4 percent after the company’s net profit and revenue increased by 18 percent QoQ and 21 percent YoY in the third quarter.
With a market capitalization of Rs 16,124.70 crore, The shares of IndiaMART InterMESH Ltd were trading at Rs 2,627.70 per share, increasing around 6.29 percent as compared to the previous closing price of Rs 2,472.10 apiece.
Looking into the company’s Performance, IndiaMART InterMESH Ltd’s revenue increased by 3 percent on a quarter-on-quarter basis from Rs. 295 crores in Q2FY24 to Rs. 305 crores in Q3 FY24. Further, revenue increased by 21 percent year on year from Rs. 251 crores in Q3FY23 to Rs.305 crores in Q3FY24.
IndiaMART InterMESH Ltd’s net profit increased by 19 percent on a quarter-on-quarter basis from Rs. 69 crores in Q2FY24 to Rs. 82 crores in Q3FY24. Further, net profit decreased by 27 percent year on year from Rs. 113 crores in Q3FY23 to Rs.82 crores in Q3FY24.
The firm has a strong 3,542-person in-house sales supervision and service staff, as well as a network of over 150 channel partners. With a comprehensive network of offices and our field and tele-channel partners, we increased our geographic reach to more than 1,000 cities and towns.
IndiaMART InterMESH Ltd. reported return ratios in the recent financial year with a return on equity (ROE) of 18.8 percent and a return on capital employed (ROCE) of 14.4 percent.
IndiaMART InterMESH Ltd’s recent shareholding pattern, The Promoters of the company own 49.21 percent while Retail shareholders own a 18.30 percent stake in the company and Foreign Institutional Investors own a 24.16 percent stake.
IndiaMART InterMESH Limited is an Indian online business-to-business (B28) marketplace that links buyers and suppliers. The channel aims to provide a platform for small and medium-sized organizations (SMEs), major corporations, and people.
Written by:- Abhishek Singh
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