IndiaMART InterMESH records a consolidated profit of ~Rs74cr in Q1FY21

The consolidated net profit increased by 128.7% yoy in the June quarter of FY21.

Jul 21, 2020 05:07 IST India Infoline News Service

Quarterly Results
IndiaMART InterMESH Limited announced its quarterly results on July 21, 2020. Consolidated net revenue in Q1FY21 stood at Rs153.1cr, which increased by 3.94% yoy from Rs147.3cr in Q1FY20.     

EBITDA stood at Rs73.3cr in Q1FY21 that increased by 99.73% yoy. For Q1FY20, it had posted EBITDA of Rs36.7cr. EBITDA margin as of Q1FY21 was at 47.88% that increased by22.96% yoy for the same quarter, the previous year.     

The consolidated net profit in Q1FY21 came in at Rs74.1cr that increased by 128.7% yoy, as compared to Q1FY20, when it reported Rs32.4cr. The net profit margin in Q1FY21 came in at 48.4% that increased by 26.4% yoy. The net profit margin for Q1FY20 was at 22%.

The stock closed at Rs2,152 with a growth of 2.97% on BSE.

Particulars Q1FY21
 (Rs in cr)
Q1FY20
(Rs in cr)
% VAR
Net Revenue 153.10 147.30 3.94
Operating Profit 73.30 36.70 99.73
Net Profit 74.10 32.40 128.70
EBITDAM% 47.88 24.92 22.96
PATM% 48.4 22 26.4

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