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Stock Report
IndiaMART Intermesh Ltd Q3 FY2020-21 consolidated PAT rises to Rs. 80.2 crore
Posted On : 2021-01-18 16:47:25( TIMEZONE : IST )
IndiaMART Intermesh Ltd has reported financial results for the period ended December 31, 2020.
Financial Results (Q3 FY20-21) - QoQ Comparison
The company has reported total income of Rs.198.2 crores during the period ended December 31, 2020 as compared to Rs.181.1 crores during the period ended September 30, 2020.
The company has posted net profit / (loss) of Rs.80.2 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.69.8 crores for the period ended September 30, 2020.
The company has reported EPS of Rs.27.19 for the period ended December 31, 2020 as compared to Rs.23.75 for the period ended September 30, 2020.
| Financials | Q3 FY20-21 | Q2 FY20-21 | % Change |
| Total Income | ₹ 198.2 crs | ₹ 181.1 crs |  9.44% |
| Net Profit | ₹ 80.2 crs | ₹ 69.8 crs | 14.9% |
| EPS | ₹ 27.19 | ₹ 23.75 | 14.48% |
Financial Results (Q3 FY20-21) - YoY Comparison
The company has reported total income of Rs.198.2 crores during the period ended December 31, 2020 as compared to Rs.181.5 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.80.2 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.62 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.27.19 for the period ended December 31, 2020 as compared to Rs.21.12 for the period ended December 31, 2019.
| Financials | Q3 FY20-21 | Q3 FY19-20 | % Change |
| Total Income | ₹ 198.2 crs | ₹ 181.5 crs | 9.2% |
| Net Profit | ₹ 80.2 crs | ₹ 62 crs | 29.35% |
| EPS | ₹ 27.19 | ₹ 21.12 | 28.74% |
Consolidated EBITDA was Rs. 88 Crore as compared to Rs. 44 Crore in Q3 FY20. Increase in EBITDA margin to 51% in Q3 FY21 from 26% in Q3 FY20 was primarily driven by sustained as well as temporary benefits arising from various cost optimization initiatives. Consolidated EBIT was Rs. 84 Crore as compared to Rs. 38 Crores in Q3 FY20, representing a growth of 122% y-o-y. EBIT margin increased to 48% in Q3 FY21 from 23% in Q3 FY20.
Profit before Tax was at Rs. 106 Crore and Net Profit was Rs.80 Crores, representing margins of 54% and 40% respectively.
Consolidated Cash Flow from Operations for the quarter was at Rs. 77 Crore. Cash and Investments balance stood at Rs. 1,143 Crore as on December 31, 2020 as compared to Rs. 859 Crore on December 31, 2019, an increase of 33% YoY.
Financial Results (9 Months ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.566.1 crores during the 9 months period ended December 31, 2020 as compared to Rs.520.2 crores during the 9 months period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.224.1 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.103.1 crores for the 9 months period ended December 31, 2019.
The company has reported EPS of Rs.76.15 for the 9 months period ended December 31, 2020 as compared to Rs.35.21 for the 9 months period ended December 31, 2019.
| Financials | 9 Months ended FY20-21 | 9 Months ended FY19-20 | % Change |
| Total Income | ₹ 566.1 crs | ₹ 520.2 crs | 8.82% |
| Net Profit | ₹ 224.1 crs | ₹ 103.1 crs | 117.36% |
| EPS | ₹ 76.15 | ₹35.21 | 116.27% |
IndiaMART registered a traffic growth of 35% YoY with 253 million in Q3 FY21 as compared to 188 million in Q3 FY20. Total business enquiries delivered increased to 154 million from 112 million, a growth of 37%. Supplier Storefronts grew to 6.4 million in Q3 FY21, an increase of 9% YoY and paying subscription suppliers grew to 148 thousand, a growth of 5%.
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said: "We are pleased to report a resilient financial performance this quarter with steady recovery in the business parameters while maintaining healthy margins and cashflows. As we see the improvement in overall demand environment and business activity, our strong value proposition, customer relationships and balance sheet make us confident of supporting businesses in their transformation to online. With the emerging accelerated digitization needs of businesses, we are looking forward to kickstart the new year on an optimistic note."
