Conference Call with IndiaMART InterMESH Ltd. Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Internet Software & Services company IndiaMART InterMESH announced Q1FY25 results: Consolidated: IndiaMART reported consolidated Revenue from Operations of Rs 331 crore as compared to Rs 282 crore in the corresponding quarter of last year, representing a growth of 17%. This includes IndiaMART Standalone Revenue of Rs 315 crore and Busy Infotech Revenue of Rs 15 crore, registering a growth of 18% and 15% respectively on YoY basis. Collections from Customer grew by 14% to Rs 366 crore for the quarter, primarily comprising of Standalone Collections of Rs 341 crore and Busy Infotech Collections of Rs 24 crore. Deferred Revenue as on June 30, 2024 increased to Rs 1,474 crore representing a YoY growth of 23%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs 1,421 crore and Busy Infotech Deferred Revenue of Rs 51 crore. Net Profit for the quarter was Rs 114 crore representing margin of 30%. Cash Flow from Operations for the quarter was Rs 136 crore. Cash and Investments balance stood at Rs 2,319 crore as on June 30, 2024. Standalone: Standalone Revenue from Operations increased to Rs 315 crore as compared to Rs 268 crore last year representing a growth of 18%. The growth was primarily driven by over 13% improvement in realization from paying suppliers and the remaining by increase in number of paying suppliers. Collections from Customer grew to Rs 341 crore for the quarter and Deferred Revenue as on June 30, 2024 increased to Rs 1,421 crore representing a YoY growth of 22%. EBITDA for the quarter was at Rs 117 crore representing margin of 37%. Net Profit for the quarter was at Rs 124 crore representing margin of 34%. Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said: We are happy to start the financial year on a positive note with a steady growth in revenue and deferred revenue, along with expansion in the operating margins. On the back of strong balance sheet and sustained cash flows, we will continue to make investments to further strengthen our value proposition, improving customer experience and leveraging growth opportunities. We are confident of the sustained long term profitable growth as more and more businesses adopt internet to grow themselves Result PDF