IndiaMART InterMESH Limited reports

IndiaMART InterMESH Limited reports 37% YoY growth in Revenues in Q1 FY’20

Chennai, July 31, 2019: IndiaMART InterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the first quarter ending June 30, 2019.

Performance Highlights: Q1 FY2020 vs. Q1 FY2019

§  Consolidated Total Income of Rs. 162 Crore, YoY growth of 37%

§  Consolidated EBITDA of Rs. 37 Crore representing 25% Margin

§  Consolidated Cash generated from Operations at Rs. 54 Crore

IndiaMART reported consolidated Total Income of Rs. 162 Crores, 37% growth YoY, primarily driven by increase in revenue from operations. Consolidated Revenue from operations grew by 30% on YoY basis due to increase in number of paying subscribers as well as higher realization from existing customers. Consolidated Deferred Revenue grew by 32% from Rs. 461 Crores in Q1 FY19 to Rs. 610 Crore in Q1 FY20 Crore leading to much better visibility for revenues in future.

Consolidated EBITDA for Q1 FY20 was Rs. 37 Crore representing a margin expansion from 11% in Q1 FY19 to 25% in Q1 FY20, owing to increase in revenue and optimum utilization of resources. Consolidated Net Profit for the period stood at Rs. 32 Crores representing a margin of 20% as compared to loss of Rs. 56 Crore in Q1 FY19.

The Company generated consolidated Cash Flow from Operations of Rs. 54 Crore leading to Cash and Investments of Rs. 746 Crore as on June 30, 2019 as compared to 448 Crore on June 30, 2018, an increase of 67% YoY.

Operational Highlights:

Total business enquiries delivered witnessed an increase to 113 million from 98 million, a growth of 15%.

Supplier Storefronts grew to 5.6 million in Q1 FY20 from 5.1 million in Q1 FY19, an increase of 11% YoY. During the same period, paying subscription suppliers witnessed an increase to 132.5 thousand from 113.1 thousand, a growth of 17%.

Commenting on the performance, Mr. Dinesh Agarwal, Managing Director, said:“We are pleased to report results for the first quarter ending June 2019. Our growth is a result of focus on execution and measures undertaken towards enhancingbuyer and supplier experience. We are continuously investing in expanding our network, enhancing our technological capabilitiesand acquiring the best minds from the industry. We are hopeful that these measures would hold us in good stead going forward as well.”

Q1 FY2020 Performance Metrics: Consolidated Basis
				Y-o-Y Growth		Q-o-Q
Particulars (Rs. Cr)	Unit	Q1 FY20	Q1 FY19		Q4 FY19
						Growth
Total Income	(Rs. Crore)	162	118	37%	153	6%
Revenue from Operations	(Rs. Crore)	147	113	30%	138	7%
EBITDA	(Rs. Crore)	37	12	201%	20	83%
EBITDA Margin	%	25%	11%		15%
Other Income	(Rs. Crore)	14	4		15
Profit Before Tax	(Rs. Crore)	46	(50)		34
Net Profit for the period	(Rs. Crore)	32	(56)		28
Net Profit Margin	%	20%	(48%)		18%
Cash generated from Operating Activities	(Rs. Crore)	54	45	20%	98	(45%)
Deferred Revenue	(Rs. Crore)	610	461	32%	586	4%
Cash and Investment	(Rs. Crore)	746	448	67%	685	9%

IndiaMart InterMesh Limited makes a bumper debut on the bourses

·            Share lists at premium of 21.27% at 1180

·            Issue price of the IPO was Rs. 973 per equity share

·            Issue was subscribed over 36 times

·            QIB subscription : 30.83 times | HNI: 62.13 times | Retail: 13.37 times

Chennai, July 04, 2019: The equity shares of IndiaMart InterMesh Limited (India’s largest online B2B market place) were listed on the bourses at a premium of 21.27% at 1180 level compared to its issue price of Rs 973 per share in a ceremony held at National Stock Exchange today.

The IPO of IndiaMart InterMesh was opened on June 24 and closed on June 26 with a price band of Rs 970-973 per share. The qualified institutional buyers’ (QIB) book was subscribed close to 30.83 times, non-institutional investors (NII) 62.12 times and retail individual investors (RII) 13.37 times.

IndiaMart InterMesh stock touched an intraday high of Rs. 1338 and Rs. 1339 on NSE and BSE respectively. The script closed on Rs. 1301 and Rs. 1302.55 on NSE and BSE respectively at the end of debut day.

Commenting on the successful IPO listing, Mr. Dinesh Agarwal, Founder and Managing director, IndiaMart InterMesh Limited, said, We are overwhelmed by the record response we received from the investors for our IPO. It is a matter of honor for IndiaMart to be a part of the popular stock exchanges. This would not have been possible without the trust shown by our investors, customers and employees. We are confident that together we will deliver value for all stakeholders in the times to come.”

He further added, “The Indian Tech space is growing and companies are turning profitable because of the impressive digital program in the country. The classifieds business model has found its feet in the Indian market. Investors are trusting the tech sector and starting to give the desired valuations to companies now.

Commenting on the occasion, Mr. Vikram Limaye, MD and CEO, NSE, said, “The listing of IndiaMART sets an encouraging tone for other similar technology and internet based companies to access the public markets. NSE, with its focus on technology, has been a pioneer in creating platforms to support new-economy companies as they begin their journey in the public markets. NSE is a strong supporter of creating viable fund raising opportunities as well as liquidity options for new economy companies through public markets and has carved out a dedicated segment, the Innovator Growth Platform. This Platform makes it easier for tech companies, across growth stages, to access the public markets.”