IndiaMart jumps 10.5%

about 4 years ago
No Image

IndiaMart Intermesh opened with a gain of 9.5% at Rs.2400 and went on to hit an intraday high at Rs.2420, a rise of almost 10.5%. Its market cap stands at Rs.6522 crore.

The stock is doing well on the back of its very good earnings for Q4FY20. It reported a consolidated total revenue from operations of Rs. 170 Crore, 23% growth (YoY), driven by an increase in the number of paying subscribers as well as higher realization from existing customers.

Consolidated EBITDA was Rs. 52 Crore representing a margin expansion from 15% in Q4 FY19 to 31% in Q4 FY20 partly due to increase in revenues and adoption of IndAS 116.

Net Profit was at Rs 44 Crore v/s Rs.28 crore (YoY).

The Company generated consolidated Cash Flow from Operations of Rs. 94 Crore leading to Cash and Investments of Rs. 931 Crore as on March 31, 2020 as compared to 685 Crore on March 31, 2019, an increase of 36% YoY.

Traffic grew to 180 million in Q4 FY20 from 171 million in Q4 FY19, an increase of 5% YoY and total business enquiries delivered increased to 116 million from 112 million, a growth of 3%. Supplier Storefronts grew to 6 million in Q4 FY20 an increase of 8% YoY and paying subscription suppliers grew to 147 thousand, a growth of 14%.

Popular Comments

No comment posted for this article.