On consolidated basis
Quarter ended December 2024 compared with Quarter ended September 2024.
Net sales (including other operating income) of Indiamart Intermesh has
increased 1.90% to Rs 354.3 crore.
Operating profit margin has jumped
from 38.71% to 39.03%, leading to 2.75% rise in operating profit to Rs 138.30
crore. Employee cost increased from 42.39% to 43.18%.
Other expenses fell from 18.90% to 17.78%.
Other income fell 31.45% to Rs 44.9
crore. PBIDT fell 8.45% to Rs 183.2 crore. Provision for
interest fell 5.26% to Rs 1.8 crore.
PBDT fell 8.48% to Rs 181.4
crore. Provision for depreciation rose 1.22% to Rs 8.3
crore.
Profit before tax down 8.89% to Rs
173.10 crore. Share of profit/loss was 11.02% lower at Rs -14.1
crore. Provision for tax was expense of Rs 38 crore, compared to Rs
42.2 crore. Effective tax rate was 23.90% compared to 23.80%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company decreased
10.44% to Rs 121.00 crore.
Promoters’ stake was 49.17% as of 31
December 2024 ,compared to 49.21% as of 30 September 2024 .
Quarter ended December 2024 compared
with Quarter ended December 2023.
Net sales (including other operating income) of Indiamart Intermesh has
increased 16.05% to Rs 354.3 crore. Sales of web abd related
services segment has gone up 15.28% to Rs 337.30 crore (accounting for 95.20%
of total sales). Sales of Accounting Software services segment has
gone up 33.86% to Rs 17.00 crore (accounting for 4.80% of total
sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 61.38% to Rs 138.30
crore. PBIT of web abd related services segment rose 61.76% to Rs
141.70 crore (accounting for 102.46% of total PBIT). PBIT of
Accounting Software services segment fell 78.95% to Rs -3.40 crore (accounting
for -2.46% of total PBIT).
PBIT margin of web abd related
services segment rose from 29.94% to 42.01%. PBIT margin of
Accounting Software services segment fell from negative 14.96% to negative
20.00%. Overall PBIT margin rose from 28.07% to 39.03%.
Operating profit margin has jumped
from 28.07% to 39.03%, leading to 61.38% rise in operating profit to Rs 138.30
crore. Employee cost decreased from 45.37% to 43.18%.
Other expenses fell from 26.56% to 17.78%.
Other income rose 7.67% to Rs 44.9
crore. PBIDT rose 43.80% to Rs 183.2 crore. Provision for
interest fell 18.18% to Rs 1.8 crore.
PBDT rose 44.89% to Rs 181.4
crore. Provision for depreciation fell 1.19% to Rs 8.3
crore.
Profit before tax grew 48.20% to Rs
173.10 crore. Share of profit/loss was 95.83% lower at Rs -14.1
crore. Provision for tax was expense of Rs 38 crore, compared to Rs
27.7 crore. Effective tax rate was 23.90% compared to 25.27%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 47.74% to Rs 121.00 crore.
Promoters’ stake was 49.17% as of 31
December 2024 ,compared to 49.21% as of 31 December 2023 .
For year-to-date (YTD) results analysis.
Net sales (including other operating income) of Indiamart Intermesh has
increased 17.14% to Rs 1033.3 crore. Sales of web abd related
services segment has gone up 16.83% to Rs 984.80 crore (accounting for 95.31%
of total sales). Sales of Accounting Software services segment has
gone up 23.72% to Rs 48.50 crore (accounting for 4.69% of total
sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 61.48% to Rs 392.40
crore. PBIT of web abd related services segment rose 64.24% to Rs
401.90 crore (accounting for 102.42% of total PBIT). PBIT of
Accounting Software services segment fell 458.82% to Rs -9.50 crore (accounting
for -2.42% of total PBIT).
PBIT margin of web abd related
services segment rose from 29.03% to 40.81%. PBIT margin of Accounting
Software services segment fell from negative 4.34% to negative
19.59%. Overall PBIT margin rose from 27.55% to 37.98%.
Operating profit margin has jumped
from 27.55% to 37.98%, leading to 61.48% rise in operating profit to Rs 392.40
crore. Employee cost decreased from 44.80% to 42.93%.
Other expenses fell from 27.65% to 19.09%.
Other income rose 22.64% to Rs 163.6
crore. PBIDT rose 47.72% to Rs 556 crore. Provision for
interest fell 14.93% to Rs 5.7 crore.
PBDT rose 48.85% to Rs 550.3 crore. Provision
for depreciation rose 3.36% to Rs 24.6 crore.
Profit before tax grew 51.98% to Rs
525.70 crore. Share of profit/loss was 31.94% lower at Rs -38
crore. Provision for tax was expense of Rs 117.6 crore, compared to
Rs 80.9 crore. Effective tax rate was 24.11% compared to 25.66%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 57.89% to Rs 370.10 crore.
Promoters’ stake was 49.17% as of 31
December 2024 ,compared to 49.21% as of 31 December 2023 .
Full year results analysis.
Net sales (including other operating income) of Indiamart Intermesh has
increased 21.45% to Rs 1196.8 crore. Sales of Web abd related
services segment has gone up 21.34% to Rs 1,143.00 crore (accounting for 95.50%
of total sales). Sales of Accounting Software services segment has
gone up 23.96% to Rs 53.80 crore (accounting for 4.50% of total
sales).
Profit before interest, tax and
other unallocable items (PBIT) has jumped 23.70% to Rs 331.40
crore. PBIT of Web abd related services segment rose 30.11% to Rs
335.30 crore (accounting for 101.18% of total PBIT). PBIT of
Accounting Software services reported loss of Rs 3.90 crore compared to profit
of Rs 10.20 crore.
PBIT margin of Web abd related
services segment rose from 27.36% to 29.34%. PBIT margin of
Accounting Software services segment fell from 23.50% to
7.25%. Overall PBIT margin rose from 27.19% to 27.69%.
Operating profit margin has jumped
from 27.19% to 27.69%, leading to 23.70% rise in operating profit to Rs 331.40
crore. Employee cost increased from 43.10% to 45.46%.
Other expenses fell from 29.71% to 26.85%.
Other income rose 16.68% to Rs 210.6
crore. PBIDT rose 20.87% to Rs 542 crore. Provision for
interest rose 9.88% to Rs 8.9 crore. Loan funds declined from Rs
45.90 crore as of 31 March 2023 to Rs 40.60 crore as of 31 March
2024. Sundry debtors were lower at Rs 4.80 crore as of 31 March 2024
compared to Rs 7.10 crore as of 31 March 2023. Cash and bank balance
rose to Rs 101.20 crore as of 31 March 2024 from Rs 58.30 crore as of 31 March
2023. Investments declined from Rs 2,783.40 crore as of 31 March
2023 to Rs 2,745.90 crore as of 31 March 2024.
PBDT rose 21.08% to Rs 533.1
crore. Provision for depreciation rose 17.36% to Rs 36.5
crore. Fixed assets declined from Rs 99.00 crore as of 31 March 2023
to Rs 82.20 crore as of 31 March 2024. Intangible assets stood at Rs
454.30 crore.
Profit before tax grew 21.36% to Rs
496.60 crore. Share of profit/loss was 6.60% lower at Rs -40.4
crore. Provision for tax was expense of Rs 120.4 crore, compared to
Rs 87.5 crore. Effective tax rate was 26.50% compared to 23.57%.
Minority interest was nil in both
the periods. Net profit attributable to owners of the company
increased 17.69% to Rs 334.00 crore.
Equity capital increased from Rs
30.60 crore as of 31 March 2023 to Rs 59.90 crore as of 31 March
2024. Per share face Value remained same at Rs 10.00.
Promoters’ stake was 49.21% as of 31
March 2024 ,compared to 49.22% as of 31 March 2023 .
Cash flow from operating activities
increased to Rs 559.20 crore for year ended March 2024 from Rs 475.90 crore for
year ended March 2023. Cash flow used in acquiring fixed assets
during the year ended March 2024 stood at Rs 14.70 crore, compared to Rs 17.20
crore during the year ended March 2023.
Management Commentary:
Commenting on the performance, Mr. Dinesh Agarwal, Chief
Executive Officer, said” his quarter, we saw healthy growth in revenue and
operating margins, along with a modest increase in deferred revenue and cash
flow. We continue to focus on onboarding quality suppliers, improving
matchmaking relevancy, and enhancing the overall user experience on our
platform. We are confident in the strength of our business model and our unique
position to capitalize on the increasing digital adoption by businesses. On the
back of sustained profitability and healthy cash flow, we remain committed to
strengthening our value proposition for all stakeholders”
| Indiamart Intermesh : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202412 | 202312 | Var.(%) | 202412 | 202312 | Var.(%) | 202403 | 202303 | Var.(%) |
|---|
| Net Sales (including other operating income) | 354.30 | 305.30 | 16.05 | 1,033.30 | 882.10 | 17.14 | 1,196.80 | 985.40 | 21.45 | | OPM (%) | 39.03 | 28.07 | 1,096 bps | 37.98 | 27.55 | 1,043 bps | 27.69 | 27.19 | 50 bps | | OP | 138.30 | 85.70 | 61.38 | 392.40 | 243.00 | 61.48 | 331.40 | 267.90 | 23.70 | | Other Inc. | 44.90 | 41.70 | 7.67 | 163.60 | 133.40 | 22.64 | 210.60 | 180.50 | 16.68 | | PBIDT | 183.20 | 127.40 | 43.80 | 556.00 | 376.40 | 47.72 | 542.00 | 448.40 | 20.87 | | Interest | 1.80 | 2.20 | -18.18 | 5.70 | 6.70 | -14.93 | 8.90 | 8.10 | 9.88 | | PBDT | 181.40 | 125.20 | 44.89 | 550.30 | 369.70 | 48.85 | 533.10 | 440.30 | 21.08 | | Depreciation | 8.3 | 8.4 | -1.19 | 24.6 | 23.8 | 3.36 | 36.5 | 31.1 | 17.36 | | PBT | 173.10 | 116.80 | 48.20 | 525.7 | 345.9 | 51.98 | 496.6 | 409.2 | 21.36 | | Share of Profit/(Loss) from Associates | -14.1 | -7.2 | -95.83 | -38 | -28.8 | -31.94 | -40.4 | -37.9 | -6.60 | | PBT before EO | 159 | 109.6 | 45.07 | 487.7 | 317.1 | 53.80 | 456.2 | 371.3 | 22.87 | | EO Income | 0 | 0 | - | 0 | -1.8 | - | -1.8 | 0 | - | | PBT after EO | 159 | 109.6 | 45.07 | 487.7 | 315.3 | 54.68 | 454.4 | 371.3 | 22.38 | | Taxation | 38 | 27.7 | 37.18 | 117.6 | 80.9 | 45.36 | 120.4 | 87.5 | 37.60 | | PAT | 121 | 81.9 | 47.74 | 370.1 | 234.4 | 57.89 | 334 | 283.8 | 17.69 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit | 121 | 81.9 | 47.74 | 370.1 | 234.4 | 57.89 | 334 | 283.8 | 17.69 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 121 | 81.9 | 47.74 | 370.1 | 234.4 | 57.89 | 334 | 283.8 | 17.69 | | EPS (Rs)* | 20.16 | 13.64 | 47.74 | 61.65 | 39.28 | 56.97 | 55.86 | 47.27 | 18.17 | | | * EPS is on current equity of Rs 60.03 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Indiamart Intermesh : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
|---|
| % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202412 | 202312 | Var.(%) | % of (Total) | 202403 | 202303 | Var.(%) |
|---|
| Sales | | web abd related services | 95.20 | 337.30 | 292.60 | 15.28 | 95.31 | 984.80 | 842.90 | 16.83 | 95.50 | 1,143.00 | 942.00 | 21.34 | | Accounting Software services | 4.80 | 17.00 | 12.70 | 33.86 | 4.69 | 48.50 | 39.20 | 23.72 | 4.50 | 53.80 | 43.40 | 23.96 | | Total Reported Sales | 100.00 | 354.30 | 305.30 | 16.05 | 100.00 | 1,033.30 | 882.10 | 17.14 | 100.00 | 1,196.80 | 985.40 | 21.45 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 354.30 | 305.30 | 16.05 | 100.00 | 1,033.30 | 882.10 | 17.14 | 100.00 | 1,196.80 | 985.40 | 21.45 | | PBIT | | web abd related services | 102.46 | 141.70 | 87.60 | 61.76 | 102.42 | 401.90 | 244.70 | 64.24 | 101.18 | 335.30 | 257.70 | 30.11 | | Accounting Software services | -2.46 | -3.40 | -1.90 | -78.95 | -2.42 | -9.50 | -1.70 | -458.82 | -1.18 | -3.90 | 10.20 | PL | | Total PBIT | 100.00 | 138.30 | 85.70 | 61.38 | 100.00 | 392.40 | 243.00 | 61.48 | 100.00 | 331.40 | 267.90 | 23.70 | | Less : Interest | | 1.80 | 2.20 | -18.18 | | 5.70 | 6.70 | -14.93 | | 8.90 | 8.10 | 9.88 | | Add: Other un-allcoable | | 22.50 | 26.10 | -13.79 | | 101.00 | 79.00 | 27.85 | | 131.90 | 111.50 | 18.30 | | PBIT Margin(%) | | web abd related services | | 42.01 | 29.94 | 1,207.16 | | 40.81 | 29.03 | 1,177.96 | | 29.34 | 27.36 | 197.84 | | Accounting Software services | | -20.00 | -14.96 | -503.94 | | -19.59 | -4.34 | -1,525.09 | | -7.25 | 23.50 | -3,075.14 | | PBT | 100.00 | 159.00 | 109.60 | 45.07 | 100.00 | 487.70 | 315.30 | 54.68 | 100.00 | 454.40 | 371.30 | 22.38 |
|
|