menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Startup News

>

IndiaMART’...
source image

Inc42

4w

read

607

img
dot

Image Credit: Inc42

IndiaMART’s Profit Nearly Doubles To INR 135 Cr In Q2

  • 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.

Read Full Article

like

6 Likes

For uninterrupted reading, download the app