The company reported consolidated Total Revenue from Operations of Rs180cr in Q4 FY21, a growth of 6% yoy due to improvement in realization from existing customers and increase in the number of paying subscription suppliers.
The company’s Consolidated Deferred Revenue increased from Rs685cr in Q4FY20 to Rs726cr in Q4FY21. Consolidated EBITDA was Rs85cr as compared to Rs52cr in Q4 FY20. The increase in EBITDA margin to 48% in Q4FY21 from 31% in Q4FY20 was primarily driven by sustained as well as temporary benefits arising from various cost optimization initiatives.
Consolidated EBIT was Rs82cr compared to Rs46cr in Q4 FY20, representing a growth of 76% yoy. EBIT margin increased to 46% in Q4FY21 from 27% in Q4FY20.
Profit before Tax was at Rs89cr, representing margins of 47% yoy. The Board of Directors have recommended a final dividend of Rs15 per share for FY21, subject to shareholder approval.
Consolidated Cash Flow from Operations for the quarter was at Rs165cr. During Q4 FY21, IndiaMART has successfully completed QIP issue of equity shares by raising Rs. 1,070 Crores, the proceeds of which will be utilized for future growth and expansion. Cash and Investments balance stood at Rs2,365cr as on March 31, 2021 as compared to Rs931cr on March 31, 2020, an increase of 154% yoy.
Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said: “We are happy to close the financial year with a modest growth in revenue and deferred revenue with healthy margins and cash flows. Strong response from global and domestic investors leading to successful closure of QIP offering in this volatile market environment further demonstrated their confidence in the business model. During these trying times, we remain committed to employee safety and customer centric approach helping businesses grow through on-line transformation. With a stronger balance sheet we will continue to invest in strengthening our value proposition further, positioning us well to leverage the emerging long term market opportunities.”
At around 11.18 am, Indiamart Intermesh Ltd was trading at Rs8,171.25 per piece down by Rs623.2 or 7.09% from its previous closing of Rs8,794.45 per piece on the BSE.