IndiaMART reported consolidated Revenue from Operations of Rs. 315 Crore as compared to Rs. 269 Crore in the corresponding quarter of last year, representing a growth of 17%.
IndiaMART InterMESH Limited (referred to as “IndiaMART” or the“Company”),todayannounceditsfinancialresultsforthefullyearandfourthquarterendingMarch31,2024.
IndiaMART reported consolidated Revenue from Operations of Rs. 315 Crore as compared to Rs. 269Croreinthecorrespondingquarteroflastyear,representingagrowthof17%.ThisincludesIndiaMARTStandaloneRevenueofRs.299CroreandBusyInfotechRevenueofRs14Crore, registeringagrowthof17%and24%respectivelyonYoYbasis.
Collections from Customer grew by 16% to Rs. 484 Crore for the quarter, primarily comprising ofStandalone Collections of Rs. 465 Crore and Busy Infotech Collections of Rs 18 Crore representing agrowthof16% and24% respectively.
Deferred Revenue as on March 31, 2024 increased to Rs. 1,440 Crore representing a YoY growth of24%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,395 Crore and BusyInfotechDeferredRevenueofRs.43Crore, registeringagrowthof23%and59%respectivelyonYoYbasis.
Net Profit for the quarter was Rs. 100 Crore representing margin of 25%. Cash Flow from Operationsfor the quarter was Rs. 260 Crore. Cash and Investments balance stood at Rs. 2,340 Crore as on March31,2024.
StandaloneFinancialHighlights(Q4FY2024):
StandaloneRevenuefromOperationsincreasedtoRs.299CroreascomparedtoRs.256Crorelastyear representing a growth of 17%. The growth was primarily driven by 10% improvement inrealizationfrompayingsuppliersand6% increaseinnumberofpayingsuppliers.
IndiaMARTregisteredUniquebusinessenquiriesof24millioninQ4FY24;representingaYoYgrowthof 14%. Supplier Storefronts grew to 7.9 million, an increase of 5% YoY and paying suppliers grew to214Krepresentingnetadditionof3Ksubscribersduringthequarter.
We have closed the financial year with a steady growth in revenue, deferred revenue, profits and cashflows. Our focus remains on enabling more and more businesses to grow online by providing them agreatproductandcustomerexperience. Onthebackof strongcashflowfromoperationsandcontinuedinvestmentsin furtherstrengthening ofourvalue proposition,we remainconfidentofsustainedprofitablegrowthamidstrisinginternetadoptionamongstbusinesses.
Particulars
Unit
Q4FY24
Q4FY23
Y-o-Y
Q3FY24
Q-o-Q
FY24
FY23
Y-o-Y
TotalIncome
(Rs.Crore)
344
288
20%
330
4%
1,309
1,052
24%
RevenuefromOperations
(Rs.Crore)
299
256
17%
291
3%
1,139
939
21%
EBITDA
(Rs.Crore)
90
67
35%
87
4%
334
262
28%
EBITDAMargin
%
30%
26%
30%
29%
28%
OtherIncome
(Rs.Crore)
45
32
42%
39
17%
170
1,13
50%
ProfitBeforeTax
(Rs.Crore)
125
87
44%
119
5%
475
345
37%
ProfitBeforeTaxMargin
%
36%
30%
36%
36%
33%
NetProfit fortheperiod
(Rs.Crore)
92
68
37%
92
1%
362
272
33%
NetProfitMargin
%
27%
23%
28%
28%
26%
CollectionsfromCustomer
(Rs.Crore)
465
400
16%
316
47%
1,399
1,167
20%
CashflowfromOperations
(Rs.Crore)
258
205
26%
105
145%
545
464
18%
DeferredRevenue
(Rs.Crore)
1,395
1,134
23%
1,229
13%
1,395
1,134
23%
CashandInvestments
(Rs.Crore)
2,186
2,202
(1)%
1,890
16%
2,186
2,202
(1)%
PayingSuppliers
(In‘000)
214
203
6%
212
1%
214
203
6%
UniqueBusinessEnquiries
(InMillion)
24
22
14%
23
8%
93
88
6%
Q4&FY24Earnings ConferenceCall
IndiaMART InterMESH Ltd, will host earnings webinar for investors and analysts on Tuesday,30thApril 2024 at 17:00 hours IST to discuss its results and developments for the quarter and year endedMarch31,2024.Theseniormanagementofthecompanywillbepresenttoaddressthe webinar.
An audio & video recording of the management discussions and the question-and-answer session willbeavailableonlineandwillbeaccessibleintheInvestorRelationssectionofourwebsiteathttps://investor.indiamart.com/.
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