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Earnings Call

IndiaMART InterMESH Earnings Call: Key Takeaways

IndiaMart reports modest double-digit revenue growth while experimenting with paid buyer-side advertising to address high churn among silver-tier suppliers.

Why this was an Alfa AlertNot a filter event. Results are in line with historical margins and normalized growth targets.
Highlights
Revenue growthConsolidated revenue grew 12% YoY to ₹372 crore.
MarginsEBITDA margin at 39%, likely to normalize to 33-35%.
Order bookDeferred revenue stood at ₹1,735 crore, up 18% YoY.
Demand visibilityUnique business inquiries grew 17% following increased digital ad spend.
Management confidenceCautious; focusing on long-term product improvements over immediate subscriber growth.

Growth

Revenue grew 12% YoY, driven by higher realization per paying supplier; Busy Infotech saw normalized 29% growth.

Outlook

Management targets sustainable EBITDA margins of 33-35% and continued quarterly ad spend of ₹10 crore.

Risks

Persistent high churn (7%) in monthly silver subscribers and lack of customer base growth flag structural retention issues.

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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