MUMBAI, JANUARY 22, 2020 (GPN):  IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), announced its financial results for the thirdquarter ending December 31, 2019.

Performance Highlights: Q3FY2020 vs. Q3FY2019

§  Consolidated Revenue from Operations of Rs. 165Crore, YoY growth of 23% §  Consolidated EBIT of Rs. 38 Crore representing 23% Margin §  Consolidated Cash generated from Operations at Rs. 71Crore

Highlights for the Quarterended December 31, 2019:

IndiaMART reported consolidated Total Revenue from Operations of Rs. 165Crore, 23% growth YoY primarily due to increase in number of paying subscribers as well as higher realization from existing customers. Consolidated Deferred Revenue grew by 26% from Rs. 517Crore in Q3FY19 to Rs. 649Crore in Q3FY20 Crore leading to much better visibility for revenues in future.

Consolidated EBITDA for Q3 FY20 was Rs. 44Crore representing a margin expansion from 21% in Q3 FY19 to 26% in Q3 FY20 partly due to increase in revenues and adoption of IndAS 116. Consolidated EBIT for Q3 FY20 was Rs. 38 Crore representing a margin expansion from 20% in Q3 FY19 to 23% in Q3 FY20.

Profit before tax for the quarter was at Rs 53Crore representing a Profit before tax margin of 29%. Net Profit for the quarter was at Rs 62 Crore post deferred Tax credit of Rs 22.9 Crore on account of certain timing differences pertaining to the earlier years.

The Company generated consolidated Cash Flow from Operations of Rs. 71Crore leading toCash and Investments of Rs. 859Crore as on December 31, 2019, as compared to 574Crore on December 31, 2018, an increase of 50% YoY.

Operational Highlights: 

Traffic grew to 188 million in Q3 FY20 from 173 million in Q3 FY19, an increase of 9% YoY, however total business enquiries delivered witnessed marginal decline to 112 million from 120 million, a de-growth of 6%. Supplier Storefronts grew to 5.9million in Q3FY20 an increase of 8% YoY and paying subscription suppliers grew to 141.6thousand, a growth of 15%.

Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:

“The company continued its growth despite the challenging business environment. Our focus on operational efficiency has helped us improve our profitability in these times. Going forward we are hopeful to witness an improvement in macro economy, we remain committed to strengthen our business model and enhance value proposition for our customers.”

Q3 FY2020 Performance Metrics: Consolidated Basis

  

Particulars (Rs. Cr)	Unit	Q3 FY20	Q3 FY19	Y-o-Y Growth	Q2 FY20	Q-o-Q Growth
Total Income	(Rs. Crore)	181	147	23%	177	3%
Revenue from Operations	(Rs. Crore)	165	134	23%	157	5%
EBITDA	(Rs. Crore)	44	27	58%	36	20%
EBITDA Margin	%	26%	21%		23%
EBIT	(Rs. Crore)	38	26	43%	31	21%
EBIT Margin	%	23%	20%		20%
Other Income	(Rs. Crore)	17	13	24%	20	(19)%
Profit Before Tax	(Rs. Crore)	53	40	34%	51	4%
Profit Before Tax Margin	%	29%	27%		29%
Net Profit for the period	(Rs. Crore)	62	28	124%	9	615%
Net Profit Margin	%	34%	19%		5%
Cash generated from Operating Activities	(Rs. Crore)	71	60	18%	42	68%
Deferred Revenue	(Rs. Crore)	649	517	26%	631	3%
Cash and Investment	(Rs. Crore)	859	574	50%	780	10%

 ENDS

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About IndiaMART:

IndiaMART is India’s largest online B2B marketplace for business products and services. It is a platform that connects buyers and sellers across borders and time-zones through business solutions. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation, lead management and payment solutions to its sellers.