Categories AlphaGraphs, Earnings

Indiamart Intermesh Limited Q1 FY24; Net Profit Jumped By 78%

IndiaMART, the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them.

Financial Results:

  • Indiamart Intermesh Ltd reported Revenues for Q1FY24 of ₹339.2 Crores up from ₹225.6 Crore year on year, a rise of 50.3%.
  • Total Expenses for Q1FY24 of ₹214.4 Crores up from ₹167.9 Crores year on year, a rise of 27.7%.
  • Consolidated Net Profit of ₹83.1 Crores up 76.6% from ₹46.7 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹13.57, up 77.8% from ₹7.60 in the same quarter of the previous year.

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