IndiaMART InterMESH Limited has reported robust financial results for the second quarter of FY25, reflecting significant growth in both revenue and profit.
For the quarter ended September 30, 2024:
- Revenue from operations increased by 18% YoY to ₹347.7 crore, up from ₹294.7 crore in Q2 FY24.
- The company’s net profit surged by 95% YoY to ₹135.1 crore, compared to ₹69.4 crore in the same period last year.
IndiaMART’s strong growth was driven by a solid increase in both web and accounting software services. The company’s web and related services contributed significantly to the revenue, rising to ₹331.9 crore in Q2 FY25 from ₹281.7 crore in Q2 FY24.
Key financial highlights for Q2 FY25 include:
- Total income: ₹413.2 crore, up from ₹329.3 crore in Q2 FY24.
- Profit before tax: ₹177.3 crore, up from ₹93.3 crore in Q2 FY24.
- Total expenses: ₹223.2 crore, compared to ₹225 crore in the same quarter last year.
IndiaMART continues to leverage its position as a leader in online B2B marketplaces, enhancing both its service offerings and profitability.
