| Management target | Revenue 30.0% next five years |
|---|
| Revenue growth | Consolidated revenue grew 11% YoY to 414 crore. |
|---|---|
| Margins | EBITDA margin healthy at 35% due to lower customer acquisition costs. |
| Demand visibility | Flat unique business inquiries (26M) suggest plateauing platform demand. |
| Management confidence | Balanced but cautious regarding buyer traffic and Google dependency. |
Growth
11% Revenue growth YoY; Busy Infotech revenue surged 47% despite high one-time base effects.
Outlook
Busy Infotech targets 30% CAGR; IndiaMART pivots toward buyer monetization and transaction financing via a new subsidiary.
Risks
Significant unique business inquiry stagnation and silver-tier supplier churn indicate platform fatigue and Google search headwinds.
Last quarter's promises, checked
Delivered
- Guided 10% ARPU growth → delivered 8-9% (= BEAT)
- Guided 40-60% cash distribution → delivered Rs. 60 dividend (= BEAT)
- Guided Busy billing growth → delivered 43% normalized growth (= BEAT)
Partly delivered
- Guided 20%+ revenue growth → delivered 13-14% (= PARTIAL)
Missed
- Guided net supplier adds → delivered net decline of 1,200 (= MISS)
- Guided 2-quarter price normalization → delivered continued churn (= MISS)
- Guided unique inquiry growth → delivered 1% decline (= MISS)
Earnings Call Transcript filed with BSE, NSE: INDIAMART. Summary written with AI assistance from 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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