Akshata Sharma
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B2B marketplace IndiaMART InterMESH Limited posted a 37.3% jump in its consolidated net profit to INR 114 Cr in Q1 FY25
The company's operating revenue grew 17.4% to INR 331.3 Cr in the quarter under review from INR 282.1 Cr in Q1 FY24.
IndiaMART's revenue from web and related services increased at the same rate, 17.4% YoY, to INR 315.6 Cr in Q1 FY25, while revenue from accounting software services rose 16.3% YoY to INR 15.7 Cr.
Revenue from operations also jumped 17.44 percent to Rs 331.3 crore in the quarter under review compared to Rs 282.1 crore in the corresponding period of the previous financial year, the company statement said.
In the previous quarter, the revenue stood at Rs 314.7 crore.
Following the announcement of the earning, the stock of the company jumped 4.42 percent to Rs 3,183.7 on NSE just before closing on July 30.
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