IndiaMart InterMesh’s Q4FY24 Quarter

IndiaMart InterMesh’s revenue grew 31% YoY
  • 03 May 2024
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  • IndiaMart InterMesh reported 13% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth of 31%.
  • Its expenses for the quarter were up by 5% QoQ and 13% YoY.
  • The net profit grew 22% QoQ and grew 78% YoY.
  • The earnings per share (EPS) of IndiaMart InterMesh stood at 16.6 during Q4FY24.

IndiaMart InterMesh’s Financial Statements for Q4FY24:

(Rs crores) Q4FY23 Q3FY24 Q4FY24 QoQ (%) YoY (%) Total income 300 347 392 13% 31% Total expenses 213 230 241 5% 13% Profit before tax 76 110 139 27% 84% Tax 20 28 40 43% 99% Profit after tax 56 82 100 22% 78% Earnings per share 18.3 13.6 16.6

Key Highlights:

  • Healthy Cash Flow: Cash generated from operations reached Rs 260 crore in Q4 and Rs 559 crore for the whole year. Customer collections grew by 16%.

  • Dividend: The company's Board has also recommended a final dividend of Rs 20/- per equity share of face value of Rs. 10/- each for FY24.

Management commentary :

  • CEO Dinesh Agarwal expressed satisfaction with the steady growth across revenue, profits, and cash flow.

  • Focus on Online Growth Strategy: The company remains committed to enabling businesses through a great product and customer experience to expand their online presence.

  • Confidence in the Future: Strong cash flow and continued investments position IndiaMart for sustained profitable growth, leveraging rising internet adoption among businesses.

Data Source: BSE, Company announcements

Disclaimer: The content of this post is intended solely for educational purposes and should not be regarded as financial advice. Past performance is not indicative of future results. The securities and assets mentioned serve purely as illustrations only and should not be taken as recommendations for investment. Please note that the information presented is compiled from several sources available on the internet. We strongly advise consulting with a qualified financial advisor prior to making any investment decisions. Read the full disclaimer here.

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