Indiamart Intermesh Limited (Indiamart) shared its financial results for quarter three, which ended on December 31, 2024. The result shows a significant increase in net profit to INR 121 crore, up by 47.6% compared to the same time last year.
Key Financial Information from Q3 FY2025 Result:
Indiamart reported total revenue from operations of INR 354 crore, compared to INR 305 crore in the same quarter last year, a growth of 16%.
This revenue includes INR 337 crore from Indiamart’s main business and INR 16 crore from Busy Infotech, with both businesses growing by 16% and 30%, respectively, compared to the previous year.
The amount collected from customers grew by 10% to INR 363 crore, with INR 341 crore from Indiamart and INR 20 crore from Busy Infotech.
Deferred Revenue as of December 31, 2024, which is money received in advance that has not yet been earned, increased to INR 1,492 crore, a 17% growth from last year. This includes INR 1,430 crore from Indiamart and INR 57 crore from Busy Infotech.
The net profit for the quarter stood at INR 121 crore, giving a profit margin of 30%. The cash flow from operations was INR 114 crore, and the total cash and investment balance was INR 2,606 crore as of December 31, 2024.
The revenue from operations rose to INR 337 crore from INR 291 crore last year, also a growth of 16%.
Collections from customers reached INR 341 crore for the quarter, and deferred revenue increased to INR 1,430 crore, showing a 16% growth compared to last year.
Indiamart received 27 million unique business inquiries in this quarter, growing by 17% compared to last year’s report.
The number of supplier storefronts reached 8.2 million, a 5% increase from last year, and the number of paying suppliers at the end of the quarter was 214,000.
