30-Apr-2025, 05:11
On consolidated basisQuarter ended March 2025 compared with Quarter ended December 2024.
Net sales (including other operating income) of Indiamart Intermesh has increased 0.23% to Rs 355.1 crore.
Operating profit margin has declined from 39.03% to 36.72%, leading to 5.71% decline in operating profit to Rs 130.40 crore. Employee cost increased from 43.18% to 44.33%. Other expenses rose from 17.78% to 18.95%. Other income rose 142.32% to Rs 108.8 crore. PBIDT rose 30.57% to Rs 239.2 crore. Provision for interest fell 5.56% to Rs 1.7 crore. Loan funds remained nil. PBDT rose 30.93% to Rs 237.5 crore. Profit before tax grew 32.41% to Rs 229.20 crore. Share of profit/loss was 21.28% higher at Rs -11.1 crore. Provision for tax was expense of Rs 37.5 crore, compared to Rs 38 crore. Effective tax rate was 17.19% compared to 23.90%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 49.26% to Rs 180.60 crore. Promoters' stake was 49.17% as of 31 March 2025 ,compared to 49.17% as of 31 December 2024 .
Quarter ended March 2025 compared with Quarter ended March 2024.
Net sales (including other operating income) of Indiamart Intermesh has increased 12.84% to Rs 355.1 crore. Sales of web abd related services segment has gone up 11.83% to Rs 335.60 crore (accounting for 94.46% of total sales). Sales of Accounting Software services segment has gone up 34.93% to Rs 19.70 crore (accounting for 5.54% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 47.51% to Rs 130.40 crore. PBIT of web abd related services segment rose 46.58% to Rs 132.80 crore (accounting for 101.84% of total PBIT). PBIT of Accounting Software services segment fell 9.09% to Rs -2.40 crore (accounting for -1.84% of total PBIT). PBIT margin of web abd related services segment rose from 30.19% to 39.57%. PBIT margin of Accounting Software services segment rose from negative 15.07% to negative 12.18%. Overall PBIT margin rose from 28.09% to 36.70%. Operating profit margin has jumped from 28.09% to 36.72%, leading to 47.51% rise in operating profit to Rs 130.40 crore. Employee cost decreased from 47.31% to 44.33%. Other expenses fell from 24.59% to 18.95%. Other income rose 40.93% to Rs 108.8 crore. PBIDT rose 44.44% to Rs 239.2 crore. Provision for interest fell 22.73% to Rs 1.7 crore. Loan funds declined from Rs 40.60 crore as of 31 March 2024 to Rs 33.00 crore as of 31 March 2025. Sundry debtors were lower at Rs 4.00 crore as of 31 March 2025 compared to Rs 4.80 crore as of 31 March 2024. Cash and bank balance declined from Rs 101.20 crore as of 31 March 2024 to Rs 84.40 crore as of 31 March 2025. Investments rose to Rs 3,453.10 crore as of 31 March 2025 from Rs 2,745.90 crore as of 31 March 2024 . PBDT rose 45.35% to Rs 237.5 crore. Provision for depreciation fell 34.65% to Rs 8.3 crore. Fixed assets declined from Rs 82.20 crore as of 31 March 2024 to Rs 61.20 crore as of 31 March 2025. Intangible assets stood at Rs 454.30 crore. Profit before tax grew 52.09% to Rs 229.20 crore. Share of profit/loss was 4.31% higher at Rs -11.1 crore. Provision for tax was expense of Rs 37.5 crore, compared to Rs 39.5 crore. Effective tax rate was 17.19% compared to 28.40%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 81.33% to Rs 180.60 crore. Equity capital increased from Rs 59.90 crore as of 31 March 2024 to Rs 60.00 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters' stake was 49.17% as of 31 March 2025 ,compared to 49.21% as of 31 March 2024 .
Full year results analysis.
Net sales (including other operating income) of Indiamart Intermesh has increased 16.01% to Rs 1388.4 crore. Sales of Web abd related services segment has gone up 15.52% to Rs 1,320.40 crore (accounting for 95.09% of total sales). Sales of Accounting Software services segment has gone up 26.77% to Rs 68.20 crore (accounting for 4.91% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has jumped 57.75% to Rs 522.80 crore. PBIT of Web abd related services segment rose 59.47% to Rs 534.70 crore (accounting for 102.28% of total PBIT). PBIT of Accounting Software services segment fell 205.13% to Rs -11.90 crore (accounting for -2.28% of total PBIT). PBIT margin of Web abd related services segment rose from 29.34% to 40.50%. PBIT margin of Accounting Software services segment fell from negative 7.25% to negative 17.45%. Overall PBIT margin rose from 27.69% to 37.65%. Operating profit margin has jumped from 27.69% to 37.65%, leading to 57.75% rise in operating profit to Rs 522.80 crore. Employee cost decreased from 45.46% to 43.29%. Other expenses fell from 26.85% to 19.06%. Other income rose 29.34% to Rs 272.4 crore. PBIDT rose 46.72% to Rs 795.2 crore. Provision for interest fell 16.85% to Rs 7.4 crore. Loan funds declined from Rs 40.60 crore as of 31 March 2024 to Rs 33.00 crore as of 31 March 2025. Sundry debtors were lower at Rs 4.00 crore as of 31 March 2025 compared to Rs 4.80 crore as of 31 March 2024. Cash and bank balance declined from Rs 101.20 crore as of 31 March 2024 to Rs 84.40 crore as of 31 March 2025. Investments rose to Rs 3,453.10 crore as of 31 March 2025 from Rs 2,745.90 crore as of 31 March 2024 . PBDT rose 47.78% to Rs 787.8 crore. Provision for depreciation fell 9.86% to Rs 32.9 crore. Fixed assets declined from Rs 82.20 crore as of 31 March 2024 to Rs 61.20 crore as of 31 March 2025. Intangible assets stood at Rs 454.30 crore. Profit before tax grew 52.01% to Rs 754.90 crore. Share of profit/loss was 21.53% lower at Rs -49.1 crore. Provision for tax was expense of Rs 155.1 crore, compared to Rs 120.4 crore. Effective tax rate was 21.98% compared to 26.50%. Minority interest was nil in both the periods. Net profit attributable to owners of the company increased 64.88% to Rs 550.70 crore. Equity capital increased from Rs 59.90 crore as of 31 March 2024 to Rs 60.00 crore as of 31 March 2025. Per share face Value remained same at Rs 10.00. Promoters' stake was 49.17% as of 31 March 2025 ,compared to 49.21% as of 31 March 2024 . Cash flow from operating activities increased to Rs 623.20 crore for year ended March 2025 from Rs 559.20 crore for year ended March 2024. Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 7.90 crore, compared to Rs 14.70 crore during the year ended March 2024.
Dividend:
The board has recommended a final dividend of Rs. 30/- per equity share for the Financial Year 2024-25 and a special dividend of Rs. 20/- per equity share aggregating to total dividend of Rs. 50/- per equity share.
Management Commentary:
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said 'We are happy to close the financial year with continued growth in customers, revenue and cash flows while maintaining healthy margins in the business. We remain committed to delivering a high-quality and trusted user experience on our platform. Backed by a robust business model and a clear strategic vision, we are well positioned to capitalize on the rapid pace of digital adoption across the business landscape. With consistent profitability and strong cash flows, we are continually strengthening our value proposition for stakeholders while driving sustainable long-term growth.'
| Indiamart Intermesh : Consolidated Results |
| | Quarter ended | Year ended |
|---|
| Particulars | 202503 | 202403 | Var.(%) | 202503 | 202403 | Var.(%) |
|---|
| Net Sales (including other operating income) | 355.10 | 314.70 | 12.84 | 1,388.40 | 1,196.80 | 16.01 | | OPM (%) | 36.72 | 28.09 | 863 bps | 37.65 | 27.69 | 996 bps | | OP | 130.40 | 88.40 | 47.51 | 522.80 | 331.40 | 57.75 | | Other Inc. | 108.80 | 77.20 | 40.93 | 272.40 | 210.60 | 29.34 | | PBIDT | 239.20 | 165.60 | 44.44 | 795.20 | 542.00 | 46.72 | | Interest | 1.70 | 2.20 | -22.73 | 7.40 | 8.90 | -16.85 | | PBDT | 237.50 | 163.40 | 45.35 | 787.80 | 533.10 | 47.78 | | Depreciation | 8.3 | 12.7 | -34.65 | 32.9 | 36.5 | -9.86 | | PBT | 229.20 | 150.70 | 52.09 | 754.9 | 496.6 | 52.01 | | Share of Profit/(Loss) from Associates | -11.1 | -11.6 | 4.31 | -49.1 | -40.4 | -21.53 | | PBT before EO | 218.1 | 139.1 | 56.79 | 705.8 | 456.2 | 54.71 | | EO Income | 0 | 0 | - | 0 | -1.8 | - | | PBT after EO | 218.1 | 139.1 | 56.79 | 705.8 | 454.4 | 55.33 | | Taxation | 37.5 | 39.5 | -5.06 | 155.1 | 120.4 | 28.82 | | PAT | 180.6 | 99.6 | 81.33 | 550.7 | 334 | 64.88 | | Minority Interest (MI) | 0 | 0 | - | 0 | 0 | - | | Net profit | 180.6 | 99.6 | 81.33 | 550.7 | 334 | 64.88 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 180.6 | 99.6 | 81.33 | 550.7 | 334 | 64.88 | | EPS (Rs)* | 30.08 | 16.59 | 81.33 | 91.73 | 55.86 | 64.21 | | | * EPS is on current equity of Rs 60.03 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Indiamart Intermesh : Consolidated Segment Results |
| | Quarter ended | Year ended |
|---|
| % of (Total) | 202503 | 202403 | Var.(%) | % of (Total) | 202503 | 202403 | Var.(%) |
|---|
| Sales | | web abd related services | 94.46 | 335.60 | 300.10 | 11.83 | 95.09 | 1,320.40 | 1,143.00 | 15.52 | | Accounting Software services | 5.54 | 19.70 | 14.60 | 34.93 | 4.91 | 68.20 | 53.80 | 26.77 | | Total Reported Sales | 100.00 | 355.30 | 314.70 | 12.90 | 100.00 | 1,388.60 | 1,196.80 | 16.03 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 355.30 | 314.70 | 12.90 | 100.00 | 1,388.60 | 1,196.80 | 16.03 | | PBIT | | web abd related services | 101.84 | 132.80 | 90.60 | 46.58 | 102.28 | 534.70 | 335.30 | 59.47 | | Accounting Software services | -1.84 | -2.40 | -2.20 | -9.09 | -2.28 | -11.90 | -3.90 | -205.13 | | Total PBIT | 100.00 | 130.40 | 88.40 | 47.51 | 100.00 | 522.80 | 331.40 | 57.75 | | Less : Interest | | 1.70 | 2.20 | -22.73 | | 7.40 | 8.90 | -16.85 | | Add: Other un-allcoable | | 89.40 | 52.90 | 69.00 | | 190.40 | 131.90 | 44.35 | | PBIT Margin(%) | | web abd related services | | 39.57 | 30.19 | 938.10 | | 40.50 | 29.34 | 1,116.02 | | Accounting Software services | | -12.18 | -15.07 | 288.58 | | -17.45 | -7.25 | -1,019.96 | | PBT | 100.00 | 218.10 | 139.10 | 56.79 | 100.00 | 705.80 | 454.40 | 55.33 |
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