Akshata Sharma
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Collections from Customers grew to Rs. 341 Crore for the quarter and Deferred Revenue as on June 30, 2024 increased to Rs. 1,421 Crore representing a YoY growth of 22%.
EBITDA for the quarter was at Rs. 117 Crore representing margin of 37%. Net Profit for the quarter was at Rs. 124 Crore represents a margin of 34%.
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said: We are happy to start the financial year on a positive note with a steady growth in revenue and deferred revenue, along with expansion in the operating margins. On the back of a strong balance sheet and sustained cash flows, we will continue to make investments to further strengthen our value proposition, improving customer experience and leveraging growth opportunities. We are confident of the sustained long term profitable growth as more and more businesses adopt the internet to grow themselves.
IndiaMART is India's largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement 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
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