Indiamart Intermesh Q3 PAT down -8.83% at Rs74.30cr on higher employee benefit costs

26 Jan 2022 , 06:09 PM

Indiamart Intermesh Ltd reported 6.03% growth yoy in total revenues for the Dec-21 quarter on consolidated basis at Rs209.30cr. On a sequential basis, the revenues were lower for the quarter by -1.74%.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -8.83% at Rs74.30cr on higher revenues offset by higher costs of operation.

However, on a sequential basis, the net profits were down -12.69% due to a spike in the employee costs and other expenses.

Net margins tapered from 41.29% in the Dec-20 quarter to 35.50% in the Dec-21 quarter. However, net margins were also lower on a sequential basis.

Financial highlights for Dec-21 compared yoy and sequentially

	Indiamart Intermesh
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 209.30	₹ 197.40	6.03%	₹ 213.00	-1.74%
Net Profit (Rs cr)	₹ 74.30	₹ 81.50	-8.83%	₹ 85.10	-12.69%
Diluted EPS (Rs)	₹ 24.18	₹ 27.66		₹ 27.66
Net Margins	35.50%	41.29%		39.95%