IndiaMart Q2 FY23 Results Key Highlights
- In Q2 Consolidated Revenue jump 31.9% and Net Profit decline by 17%
- EBITDA Margins 28%
- Cash and Investment Balance at Rs.1975 Cr as on 30th Sep 2022
- Paying Subscription Suppliers grew by 25% to 1,88,092 with net addition of 8832 in Q2
- Update on Busy Infotech (a 100% subsidiary of Indiamart) – Revenue from Operation in Q2 is Rs.10.8 Cr, Net Profit Rs.2.9 Cr, Cash and Investment Rs.72.9 Cr. New License sold in Q2 are 7000 now total license sold is at 3,18,000
- Manpower cost can rise for next two quarter and then stabilize
- Target is to keep 8k to 9k new addition in paid subscriber in each next 4 quarter before looking for more growth
- Revenue from Legal Entity
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