Indiamart Intermesh Ltd, a B2B e-commerce company, has reported a 60.68 percent rise in its consolidated net profit to Rs 112.8 crore for the third quarter that ended December 31, 2022. The company posted a consolidated profit of Rs 70.2 crore in the October-December quarter a year ago.
Its consolidated revenue from operations in the third quarter rose 33.65 percent to Rs 251.4 crore against Rs 188.1 crore in the corresponding period of the previous year, it added.
Dinesh Agarwal, CEO, Indiamart Intermesh said, "led by growth in revenue, deferred revenue, paying subscription suppliers, and cash flow from operations with healthy margins. Our strong balance sheet and sustainable cashflows enable us to continue investing in strengthening our manpower across the organization as well as investments in strategic areas."
"The company will continue to invest behind the growth and focus on further strengthening our value proposition to leverage the emerging growth tailwinds due to accelerated digital adoption by businesses," Agarwal added.