IndiaMART InterMESH Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
April 30, 2024 at 06:32 am EDT
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IndiaMART InterMESH Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,147 million compared to INR 2,688 million a year ago. Revenue was INR 3,919 million compared to INR 2,995 million a year ago. Net income was INR 996 million compared to INR 558 million a year ago. Basic earnings per share from continuing operations was INR 16.62 compared to INR 9.15 a year ago. Diluted earnings per share from continuing operations was INR 16.58 compared to INR 9.14 a year ago.
For the full year, sales was INR 11,968 million compared to INR 9,854 million a year ago. Revenue was INR 14,074 million compared to INR 11,659 million a year ago. Net income was INR 3,340 million compared to INR 2,838 million a year ago. Basic earnings per share from continuing operations was INR 55.18 compared to INR 46.48 a year ago. Diluted earnings per share from continuing operations was INR 55.04 compared to INR 46.32 a year ago.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.