IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), posted a 55% decline in consolidated net profit at Rs9cr in Q2FY20. The company had posted a profit of Rs20cr during the same period of 2018-19.
However, the company’s revenue from operations was up by 28% to Rs157cr from Rs122cr in the year-ago period.
Shares of Indiamart Intermesh Ltd is currently trading at Rs2,042.75, up by Rs11.9 or 0.59% from its previous closing of Rs2,030.85 on the BSE.
Total business enquiries delivered witnessed an increase to 123 million from 118 million, a growth of 4%.
The consolidated EBITDA for Q2FY20 was Rs36cr representing a margin expansion from 18% in Q2FY19 to 23% in Q2FY20.
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