IndiaMart Q1 FY24 Results Key Highlights

  • In Q1 Consolidated Revenue jumped 25% and Net Profit 80%
  • EBITDA Margin 27%
  • In Q4 revenue from accounting software services is Rs. 13Cr
  • Other income increased to Rs. 57Cr due to fair value gain on treasury investment
  • Cash and Investment balance as on 30th June 2023 is Rs. 2394Cr
  • Net Addition of 5K paid subscribers. Now total paid subscriber is 208K

  • Annualized Revenue per Paying Subs reached to 51.5K (Rs.500 increase in Entry Level Package)

  • Due to increase in prices net customer addition of 5k was lower than guidance of 8k and it will take 1-2 quarter to normalize this. Should get back to 7-8K subscriber addition from Q3 onwards
  • Expect margins to remain in current range of around 28% and then attain 30% margins and stabilize there before any further scope of upside improvement
  • Fresh addition of employees in Q1 is bit higher due to Campus placements.


IndiaMart Investor Presentation

IndiaMart Concall Recording