IndiaMART InterMESH Limited reported a mixed but resilient financial performance for the third quarter, with strong growth in net profit and revenue on a year-on-year basis, even as operating margins moderated during the period.
For Q3, the company’s net profit surged 55.6% year-on-year to ₹188.3 crore, compared with ₹121 crore in the same quarter last year. Revenue from operations also posted healthy growth, increasing 13.4% YoY to ₹401.6 crore from ₹354.3 crore in the corresponding quarter of the previous year.
However, EBITDA for the quarter declined 2.9% YoY to ₹134.5 crore, compared with ₹138.5 crore in Q3 last year. As a result, EBITDA margin narrowed to 33.5%, down from 39.1% in the year-ago period.
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