IndiaMart Intermesh Q3 Results: PAT jumps 36% YoY to Rs 125 crore, revenue rises 16%

IndiaMart Intermesh on Tuesday reported a 36% jump in its consolidated net profit for the quarter ended December 31, 2024, to Rs 125 crore versus Rs 92 crore posted in the year- ago period. The Q3FY25 revenue from operations stood at Rs 337 crore, a growth of 16% versus Rs 291 crore in the corresponding quarter of the previous financial year.

On a sequential basis, the revenue was up 1.6% versus Rs 332 crore reported in the July-September quarter. Meanwhile, profit after tax (PAT) fell 1.6% over Rs 127 crore reported in Q2FY25.

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The company's expenses were down in the reported quarter on a YoY and sequential basis. It stood at Rs 199 crore in Q3FY25 versus Rs 218 crore in Q2FY25 and Rs 211 crore in Q3FY24. The expenses included employee benefit expenses, finance costs and other expenses.

The earnings were announced after market hours on Tuesday and shares of IndiaMart Intermesh settled at Rs 2,296 on the NSE, up by Rs 26 or 1.15%.

IndiaMart Intermesh has been a market laggard and has seen its share price fall by 6% on a 12-month basis. In 2025, so far, it has appreciated by 0.5% against a 3% fall in Nifty.

Nifty has delivered returns of 8.5% over a 1-year period.

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