IndiaMART InterMESH’s latest quarterly numbers left investors a bit cautious, with shares dropping over 2% after the company reported its Q2 results. As of 10:04 AM, the shares were trading 1.83% lower at Rs 2,301.10.
The company posted revenue of Rs 391 crore, up a healthy 12.5% from Rs 348 crore last year, showing that its business continues to grow steadily. However, profitability took a hit—EBITDA fell slightly to Rs 130 crore from Rs 135 crore, and the margin narrowed to 33.2% from 38.7% in the same quarter last year. The biggest hit came in the bottom line, with net profit plunging 38.8% to Rs 82.7 crore compared to Rs 135 crore a year ago.
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