Indiamart Intermesh Limited reported strong financial results for the third quarter of 2022 with revenue coming in at ₹254.1 Crore, a staggering 34% increase from the same period last year. This growth was driven by the rise of Paying Subscribers Suppliers for the company’s service by 24%. The Annual Revenue saw a 3% increase up to ₹49,435 compared to the same period last year. This combination led to a 61% jump in Net Profit to ₹112.8 Crore.
The company’s Earnings per share also saw a boost, coming in at ₹36.9, a 62% increase from the same period last year. The company’s EBITDA also saw a slight improvement of 4.4% from the previous year, to ₹70 Crore. The company’s Net Profit margin expanded to 32%, indicating that the company is effectively managing its costs. In addition, the company’s cash balance at the end of the quarter was dipped by 16.4%. The cash was utilized for making investment in the business.
Overall, the company had a very positive quarter and the results exceeded the market expectations. The company’s focus on cost management, efficiency and innovation is paying off and the management is confident that the company is well positioned for long-term growth.