YoY growth of 4%
IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the second quarter ending September 30, 2020.
Q2 FY2021 vs. Q2 FY2020
§ Consolidated Revenue from Operations of Rs. 163 Crore, YoY growth of 4%
§ Consolidated EBIT of Rs. 77 Crore
§ Consolidated Cash generated from Operations at Rs. 78 Crore
Financial Highlights (Q2 FY2021):
IndiaMART reported consolidate
Consolidated EBITDA was Rs. 82 Crore as compared to Rs. 36 Crore in Q2 FY20. Increase in EBITDA margin to 50% in Q2 FY21 from 23% in Q2 FY20 was primarily driven by sustained as well as temporary benefits arising from various cost optimization initiatives undertaken during last six months. Consolidated EBIT was Rs. 77 Crore as compared to Rs. 31 Crores in Q2 FY20, representing a growth of 147% y-o-y. EBIT margin increased to 47% in Q2 FY21 from 20% in Q2 FY20.
Profit before Tax was at Rs. 93 Crore and Net Profit was Rs. 70 Crores, representing margins of 51% and 39% respectively.
Consolidated Cash Flow from Op
Operational Highlights (Q2 FY2021):
IndiaMART registered a traffic growth of 32% YoY with 259 million in Q2 FY21 as compared to 196 million in Q2 FY20. Total busi
Commenting on the performance, Mr. Dinesh Agarwal, Chief Executive Officer, said:
“As
we navigate through these unprecedented times and a volatile
environment, we are happy to report a moderate financial performance in
this quarter. With the pick up in business activity and increasing
realization for online adoptio
Q2 FY2021 Performance Metrics: Consolidated Basis |
Particulars | Unit | Q2 FY21 | Q2 FY20 | Y-o-Y Growth | Q1 FY21 | Q-o-Q Growth |
Total Income | (Rs. Crore) | 181 | 177 | 2% | 187 | (3%) |
Revenue from Operations | (Rs. Crore) | 163 | 157 | 4% | 153 | 7% |
EBITDA | (Rs. Crore) | 82 | 36 | 125% | 73 | 11% |
EBITDA Margin | % | 50% | 23% |
| 48% |
|
EBIT | (Rs. Crore) | 77 | 31 | 147% | 69 | 12% |
EBIT Margin | % | 47% | 20% |
| 45% |
|
Other Income | (Rs. Crore) | 18 | 20 | (13%) | 34 | (47%) |
Profit Before Tax | (Rs. Crore) | 93 | 51 | 83% | 100 | (7%) |
Profit Before Tax Margin | % | 51% | 29% |
| 54% |
|
Net Profit for the period | (Rs. Crore) | 70 | 9 | 706% | 74 | (6%) |
Net Profit Margin | % | 39% | 5% |
| 40% |
|
Cash generated from Operating Activities |
(Rs. Crore) |
78 |
42 |
85% |
3 |
2,283% |
Collections from Customers | (Rs. Crore) | 164 | 177 | (7%) | 96 | 72% |
Deferred Revenue | (Rs. Crore) | 628 | 631 | (0.4%) | 628 | 0.0% |
Cash and Investment | (Rs. Crore) | 1,045 | 780 | 34% | 954 | 10% |
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