IndiaMart InterMesh’s Q4FY24 Quarter
- 03 May 2024
- IndiaMart InterMesh reported 13% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter ended March (Q4FY24). On a year-on-year (YoY) basis, it witnessed a growth of 31%.
- Its expenses for the quarter were up by 5% QoQ and 13% YoY.
- The net profit grew 22% QoQ and grew 78% YoY.
- The earnings per share (EPS) of IndiaMart InterMesh stood at 16.6 during Q4FY24.
IndiaMart InterMesh’s Financial Statements for Q4FY24:
(Rs crores) Q4FY23 Q3FY24 Q4FY24 QoQ (%) YoY (%) Total income 300 347 392 13% 31% Total expenses 213 230 241 5% 13% Profit before tax 76 110 139 27% 84% Tax 20 28 40 43% 99% Profit after tax 56 82 100 22% 78% Earnings per share 18.3 13.6 16.6
Key Highlights:
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Healthy Cash Flow: Cash generated from operations reached Rs 260 crore in Q4 and Rs 559 crore for the whole year. Customer collections grew by 16%.
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Dividend: The company's Board has also recommended a final dividend of Rs 20/- per equity share of face value of Rs. 10/- each for FY24.
Management commentary :
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CEO Dinesh Agarwal expressed satisfaction with the steady growth across revenue, profits, and cash flow.
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Focus on Online Growth Strategy: The company remains committed to enabling businesses through a great product and customer experience to expand their online presence.
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Confidence in the Future: Strong cash flow and continued investments position IndiaMart for sustained profitable growth, leveraging rising internet adoption among businesses.
Data Source: BSE, Company announcements
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