Indiamart Intermesh Reports Strong Q3 FY24-25 Results with Record Sales and Profit Growth

Indiamart Intermesh, a midcap player in the IT software industry, has recently reported its financial results for the third quarter of FY24-25, revealing notable developments in its performance metrics. The company announced its results on January 21, 2025, highlighting significant growth across various key indicators.
For the half-year period, Indiamart's Profit After Tax (PAT) reached Rs 256.10 crore, showcasing a substantial year-on-year growth. The quarterly net sales achieved a record high of Rs 354.30 crore, reflecting a consistent upward trajectory over the last five quarters. Additionally, the operating profit (PBDIT) peaked at Rs 138.30 crore, suggesting a favorable trend in operational efficiency.

The operating profit margin was reported at 39.03%, marking the highest level recorded in the last five quarters, which points to enhanced efficiency within the company. Furthermore, the Profit Before Tax (PBT), excluding other income, was noted at Rs 114.10 crore, indicating a significant increase compared to the average PBT of the previous four quarters.

Moreover, the company's Debtors Turnover Ratio has shown improvement, reaching 382.06 times, which suggests a quicker settlement of debts. Overall, the financial results of Indiamart Intermesh reflect a strong performance in the recent quarter, leading to adjustments in its evaluation.

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