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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart delivered steady 12% revenue growth while aggressively experimenting with buyer-side advertising to address stagnant subscriber growth. Management is prioritizing product quality and lead intent over raw customer acquisition to curb churn.

Highlights
Revenue growthConsolidated revenue up 12% YoY; collections increased 17%.
MarginsEBITDA margins stable at 39%; guided range 30-33%.
Order bookDeferred revenue grew 18% to ₹1,735 crore.
Demand visibilityStrong unique business inquiry growth of 17% YoY.
Management confidenceBalanced confidence focusing on product-market fit over aggressive sales.

Growth

Revenue grew 12% YoY; collections up 17%. Busy Infotech normalized growth stood at 64%.

Outlook

Sustainable EBITDA margins targeted at 30-33% while scaling advertising to 10cr per quarter.

Risks

High churn in silver monthly subscribers; potential margin dilution from increased ad spends.

Source

Earnings Call filed with NSE, NSE: INDIAMART. Summary written with AI assistance from the document.

Read the document ↗

IndiaMART InterMESH Ltd: key numbers

Share price
₹1,642.10
Market cap
₹9,876 Cr
Revenue (annual)
₹1,569 Cr
Net profit (annual)
₹474.7 Cr
P/E (TTM)
20.0×Sector 67.6×
Promoter holding
49.07%-0.05% QoQ
FII holding
19.92%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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