IndiaMART Achieves 21% Year-on-Year Growth in Consolidated Revenue in FY24

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IndiaMART Achieves 21% Year-on-Year Growth in Consolidated Revenue in FY24, Reaching Rs. 1,197 CroreStandalone EBIDTA for FY24 Reaches Rs. 334 Crore representing 29% Margin

IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the full year and fourth quarter ending March 31, 2024.

FY2024 vs. FY2023

  • Consolidated Revenue from Operations of Rs. 1,197 Crore, YoY growth of 21%
  • Standalone EBITDA at Rs. 334 Crore representing EBITDA margin of 29%
  • Consolidated Cash generated from Operations at Rs. 559 Crore
  • Board of Directors recommended final dividend of Rs. 20 per share
Q4 FY2024 vs. Q4 FY2023

  • Consolidated Revenue from Operations of Rs. 315 Crore, YoY growth of 17%
  • Standalone EBITDA at Rs. 90 Crore representing EBITDA margin of 30%
  • Consolidated Cash generated from Operations at Rs. 260 Crore

 

 Consolidated Financial Highlights (Q4 FY2024):                                                                         

IndiaMART reported consolidated Revenue from Operations of Rs. 315 Crore as compared to Rs. 269 Crore in the correspondingquarter of last year, represnting a growth of 17%. This includes IndiaMART Standalone Revenue of Rs. 299 Crore and Buy Infotech Revenue of Rs 14 Crore, registering a growth of 17% and 24% respectively on YoY basis.Collections from Customer grew by 16% to Rs. 484 Crore for the quarter, primarily comprising of Standalone Collections of Rs. 465 Crore and Busy Infotech Collections of Rs 18 Crore representing a growth of 16% and 24% respectively. Deferred Revenue as on March 31, 2024 increased to Rs. 1,440 Crore representing a YoY growth of 24%. This primarily includes IndiaMART Standalone Deferred Revenue of Rs. 1,395 Crore and Busy Infotech Deferred Revenue of Rs. 43 Crore, registering a growth of 23% and 59% respectively on YoY basis.Net Profit for the quarter was Rs. 100 Crore representing margin of 25%. Cash Flow from Operations for the quarter was Rs. 260 Crore. Cash and Investments balance stood at Rs. 2,340 Crore as on March 31, 2024.