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B2B marketplace IndiaMART InterMESH nearly doubled its consolidated net profit to INR 135.1 Cr in the September quarter of the financial year 2024-25 (Q2 FY25) from INR 69.4 Cr in the year-ago period on the back of strong top line growth and controlled expenses.
On a quarter-on-quarter basis, net profit grew over 18% from INR 114 Cr in the April-June period.
Revenue from operations jumped 18% to INR 347.6 Cr during the quarter under review from INR 294.6 Cr in Q2 FY24. Sequentially, it rose nearly 5% from INR 331.3 Cr.
The company’s EBITDA surged 68% year-on-year (YoY) to INR 135 Cr in Q2.
Collections from customers grew 6% YoY to INR 356 Cr during the quarter under review, while deferred revenue zoomed 19% YoY to INR 1,483 Cr.
(The story will be updated soon.)
The post IndiaMART’s Profit Nearly Doubles To INR 135 Cr In Q2 appeared first on Inc42 Media.
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