IndiaMART InterMESH (INDIAMART) Q4 20/21 earnings summary

Executive summary

• FY21 consolidated revenue grew 5% after a difficult H1 and a sharp recovery; earnings rose strongly amid pandemic-driven digital adoption and cost optimisation.

• The B2B marketplace connected 125M+ registered buyers with 6.5M+ suppliers and listed 72M+ products across 97,000+ categories.

Financial highlights

• Consolidated revenue from operations was ₹6,695.62M, up 5% YoY; total income reached ₹7,561.46M, up 7%.

• Consolidated EBITDA rose 94% to ₹3,282M and EBIT rose 111% to ₹3,121M; cost optimisation during the pandemic drove much of the improvement.

• Consolidated net profit increased 90% to ₹2,797.74M; basic EPS rose 88% to ₹96.15.

• Operating cash flow was ₹3,225M, up 24%; cash and investments reached ₹23,654M, up 154% YoY.

Outlook and guidance

• Economic recovery and accelerated MSME digital adoption underpin a positive long-term opportunity; focus remains on strengthening the business model and customer value proposition.

• Priorities include liquidity discipline and synergistic investments or acquisitions, especially fintech and SaaS solutions that broaden payment, receivables, invoicing, accounting and commerce services.