Indiamart Intermesh Ltd Q2 PAT up 17.77% at Rs82.2cr on higher revenue and margin traction on yoy basis

Indiamart Intermesh reported 11.76% rise in total revenues for the Sep-21 quarter on consolidated basis at Rs182.40cr

Oct 21, 2021 07:10 IST India Infoline News Service

Indiamart Intermesh reported 11.76% rise in total revenues for the Sep-21 quarter on consolidated basis at Rs182.40cr. The revenues were higher by just about 0.44% on a sequential basis compared to Rs181.60cr revenues in the Jun-21 quarter.

Even on a six monthly basis for the period ending September, the revenues for the current H1 at Rs364cr is higher by 15.1% on a yoy basis.

The consolidated Profit after tax (PAT) for the Sep-21 quarter grew by 17.77% on a yoy basis at Rs82.20cr. Profits turned in marginally lower on a sequential basis by -6.5% compared to net profits of Rs87.90cr in the sequential June quarter.

The company predominantly operates in the B2B ecommerce space and there is a vast untapped market for them to literally address. Net margins at 45.07% in the Sep-21 quarter was better than 42.77% in Sep-20 quarter. NPM was lower than the sequential quarter on higher employee costs.


Financial highlights for Sep-21 compared yoy and sequentially


Indiamart Intermesh
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 182.40 ₹ 163.20 11.76% ₹ 181.60 0.44%
Net Profit (Rs cr) ₹ 82.20 ₹ 69.80 17.77% ₹ 87.90 -6.48%
Diluted EPS (Rs) ₹ 26.71 ₹ 23.75 ₹ 28.61
Net Margins 45.07% 42.77% 48.40%

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