IndiaMART Reports Robust Q1 FY2025 Performance with 17% Revenue Growth
IndiaMART InterMESH Limited (IndiaMART) announced strong financial results for the first quarter ending June 30, 2024.
IndiaMART’s Q1 FY2025 Financial Highlights:
- Standalone Revenue: Rs. 315 Crore, an 18% increase from Rs. 268 Crore in the previous year.
- Consolidated Revenue: Rs. 331 Crore, reflecting a 17% year-over-year growth.
- EBITDA: Rs. 117 Crore with a margin of 37%.
- Net Profit: Rs. 114 Crore, representing a margin of 30%.
IndiaMART’s revenue growth is driven by increased supplier realization and a rise in the number of paying suppliers. Collections from customers rose by 14% to Rs. 366 Crore. Deferred revenue as of June 30, 2024, reached Rs. 1,474 Crore, up 23% from the previous year.
Operational Highlights:
- Unique business enquiries grew to 25 million, a 15% increase.
- Supplier storefronts expanded to 8 million, with paying suppliers reaching 216,000.
- IndiaMART agreed to acquire a 10% stake in Baldor Technologies Private Limited (IDfy), an integrated identity platform.
Dinesh Agarwal, CEO of IndiaMART, expressed satisfaction with the quarter’s performance, highlighting steady revenue growth and expanded operating margins. He emphasized that with a strong balance sheet and sustained cash flow, IndiaMART will continue to invest in enhancing its value proposition and capitalizing on growth opportunities.
Q1 FY2025 Performance Metrics:
- Total Income: Rs. 366 Crore, a 14% increase year-over-year.
- EBITDA Margin: 37%, up from 28% in the previous year.
- Net Profit Margin: 34%, compared to 30% in Q1 FY2024.
- Deferred Revenue: Rs. 1,421 Crore, reflecting a 22% year-over-year growth.
Earnings Conference Call:
IndiaMART will host an earnings webinar on Tuesday, July 30, 2025, at 17:00 IST to discuss its quarterly results and developments. The webinar will be accessible via this registration link and recordings will be available in the Investor Relations section of their website.