Profit Surges 78% YoY To INR 99.6 Cr

SUMMARY

IndiaMART InterMESH’s net profit in Q4 FY24 rose 23% on a QoQ basis from INR 81.9 Cr

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24

B2B marketplace indiamart InterMESH on Tuesday (April 30) reported an over 78% increase in its consolidated net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 99.6 Cr from INR 55.8 Cr in the year-ago quarter.

On a quarter-on-quarter (QoQ) basis, profit rose 23% from INR 81.9 Cr.

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23.

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24 (FY24).

(The story will be updated soon.)