IndiaMART achieves 21% growth in consolidated revenue

Mumbai, Jan 22: IndiaMART reported consolidated Revenue from Operations of Rs. 305 Crore as compared to Rs. 251 Crore in the corresponding quarter of last year, representing a growth of 21%. This includes IndiaMART Standalone Revenue of Rs. 291 Crore and Busy Infotech Revenue of Rs 13 Crore, registering a growth of 21% and 26% respectively on YoY basis.

Collections from Customer grew to Rs. 332 Crore for the quarter and Deferred Revenue as on December 31, 2023 increased to Rs. 1,270 Crore representing a YoY growth of 25%.

Net Profit for the quarter was at Rs. 82 Crore representing margin of 24%.

Cash Flow from Operations for the quarter was at Rs. 106 Crore. Cash and Investments balance stood at Rs. 2,039 Crore as on December 31, 2023.

Standalone Revenue from Operations of IndiaMART grew to Rs. 291 Crore as compared to Rs. 240 Crore last year representing a growth of 21%. The growth was primarily driven by improvement in realization from existing customers and 9% increase in number of paying subscription suppliers.

Collections from Customer grew to Rs. 316 Crore for the quarter and Deferred Revenue as on December 31, 2023 increased to Rs. 1,229 Crore representing a YoY growth of 24%.