Mumbai/New Delhi, (Thestates.news)| IndiaMART InterMESH Limited has announced its financial results for the full year and fourth quarter ending March 31, 2024, reporting consolidated revenue from operations of Rs. 315 crore as compared to Rs. 269 crore in the corresponding quarter of last year, representing a growth of 17%.
This includes IndiaMART standalone revenue of Rs. 299 crore and Busy Infotech revenue of Rs 14 crore, registering growth of 17% and 24%, respectively, on a YoY basis.
Collections from customers grew by 16% to Rs. 484 crore for the quarter, primarily comprising of
Standalone Collections of Rs. 465 crore and Busy Infotech Collections of Rs 18 crore represent a
growth of 16% and 24%, respectively.
Deferred revenue as of March 31, 2024 increased to Rs. 1,440 crore, representing a YoY growth of
24%. This primarily includes IndiaMART standalone deferred revenue of Rs. 1,395 crore and busy
Infotech deferred revenue of Rs. 43 crore, registering growth of 23% and 59%, respectively, on a YoY basis.
Net profit for the quarter was Rs. 100 crore, representing a margin of 25%. Cash Flow from Operations for the quarter was Rs. 260 crore. The cash and investment balance stood at Rs. 2,340 crore as of March 31, 2024.
Mumbai, May 1 (UNI): IndiaMART Intermesh Limited today announced its financial results for the full year and fourth quarter ending March 31, 2024, reporting consolidated revenue from operations of Rs. 315 crore as compared to Rs. 269 crore in the corresponding quarter of last year, representing a growth of 17%.
This includes IndiaMART standalone revenue of Rs. 299 crore and Busy Infotech revenue of Rs 14 crore, registering growth of 17% and 24%, respectively, on a YoY basis.
Collections from customers grew by 16% to Rs. 484 crore for the quarter, primarily comprising of
Standalone Collections of Rs. 465 crore and Busy Infotech Collections of Rs 18 crore represent a
growth of 16% and 24%, respectively.
Deferred revenue as of March 31, 2024 increased to Rs. 1,440 crore, representing a YoY growth of
24%. This primarily includes IndiaMART standalone deferred revenue of Rs. 1,395 crore and busy
Infotech deferred revenue of Rs. 43 crore, registering growth of 23% and 59%, respectively, on a YoY basis.
Net profit for the quarter was Rs. 100 crore, representing a margin of 25%. Cash Flow from Operations for the quarter was Rs. 260 crore. The cash and investment balance stood at Rs. 2,340 crore as of March 31, 2024. (UNI)
IndiaMART achieves 21 pc yr-on-yr growth in consolidated revenue in FY24
