IndiaMART InterMESH nearly doubled its net profit to INR 135.1 Cr in Q2 FY25, compared to INR 69.4 Cr in Q2 FY24, driven by strong revenue growth and reduced expenses.
Revenue rose 18% YoY to INR 347.6 Cr, while EBITDA surged 68% YoY to INR 135 Cr. Customer collections increased 6% YoY to INR 356 Cr. IndiaMART registered 28 Mn unique business inquiries and saw a 14% YoY growth in annualised revenue per paying supplier.
Total expenses slightly declined, with a notable 27% reduction in finance costs. The company plans to focus on expanding its SME network and investing in fintech and SaaS solutions.