Indiamart Ltd Q3 net profit rises 48 percent to Rs 121 crore

E-commerce firm Indiamart Intermesh Ltd reported a 48 percent increase in net profit to Rs 121 crore ($14 million) for the third quarter ended December 31, 2024, as compared to Rs 82 crore in the year-ago quarter.

The company’s revenue for the quarter rose by 16 percent to Rs 354 crore, as against Rs 305 crore in the corresponding quarter of the previous fiscal year.

Commenting on the results, Dinesh Agarwal, CEO of Indiamart in a statement said, “This quarter, we saw healthy growth in revenue and operating margins, along with a modest increase in deferred revenue and cash flow. We continue to focus on onboarding quality suppliers, improving matchmaking relevancy, and enhancing the overall user experience on our platform.”

“We are confident in the strength of our business model and our unique position to capitalize on the increasing digital adoption by businesses. On the back of sustained profitability and healthy cash flow, we remain committed to strengthening our value proposition for all stakeholders,” he added.

Indiamart is a business-to-business marketplace that connects buyers with suppliers across product categories through business enablement solutions.