IndiaMART InterMESH shares went up 4.2%, reaching an intraday high of Rs 2,430 on the BSE on Wednesday, April 30. This happened after the company shared its financial results for the last quarter of the fiscal year.
The company made a net profit of Rs 180.6 crore, which is an impressive increase of 81.3% compared to Rs 99.6 crore in the same quarter last year (Q4FY24). India’s consolidated revenue for the quarter was Rs 355 crore, up 12.8% from Rs 315 crore in Q4FY24. Additionally, earnings before interest, tax, depreciation, and amortization (EBITDA) rose 47.5% to Rs 130.4 crore, from Rs 88.4 crore during the same time last year.
IndiaMART’s EBITDA margin improved significantly, increasing by 8.63% to reach 36.7%, up from 28.1% in Q4FY24. This shows they are doing a great job in managing their business costs. The company also declared a final dividend of Re 1 for the financial year ending March 31, 2025.
After the results were announced, Nuvama, a domestic brokerage firm, kept a ‘Reduce’ rating on IndiaMART but raised its target price from Rs 1,970 to Rs 2,100. They noted that the revenue of Rs 3.6 billion matched expectations but that the EBITDA margin was slightly lower than anticipated at 36.7% instead of 37.6%. Net profit also exceeded predictions due to valuable gains on investments.
In the past year, IndiaMART shares have decreased by 11.20%. However, so far this year, they have gained 2.00%. Over the last six months, the stock has fallen by 8.75%, though it has increased by 12.26% in the last three months and 12.86% in the last month.
Leave a Reply