IndiaMART InterMESH (INDIAMART) Q4 23/24 earnings summary

Executive summary

• FY24 consolidated revenue from operations rose 21% YoY to ₹1,197 Cr; net profit increased 18% to ₹334 Cr and EBITDA reached ₹331 Cr at a 28% margin.

• Q4 FY24 revenue rose 17% YoY to ₹315 Cr; net profit was ₹100 Cr, up 179%, and EBITDA was ₹88 Cr at a 28% margin.

• The marketplace ended Q4 with 214K paying suppliers, 24 Mn unique business enquiries and 108 Mn live product listings.

Financial highlights

• FY24 consolidated collections rose 21% YoY to ₹1,474 Cr; deferred revenue increased 24% to ₹1,440 Cr.

• FY24 consolidated cash generated from operating activities was ₹559 Cr, up 18% YoY and 38% of collections.

• Standalone FY24 revenue increased 21% to ₹1,139 Cr; net profit rose 33% to ₹362 Cr and EBITDA was ₹334 Cr.

• Q4 standalone revenue grew 17% YoY to ₹299 Cr; net profit was ₹92 Cr, up 37%, and operating cash generation was ₹258 Cr, up 26%.

Outlook and guidance

• Strategic priorities: expand the buyer and supplier network, focus on large and medium enterprises, and improve engagement.

• Commerce enablement, fintech and accounting, and business-enablement SaaS are identified as strategic focus areas.