InvestorQ : Can you throw some light on the quarterly results of Indiamart Intermesh announced on 09 November?
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Can you throw some light on the quarterly results of Indiamart Intermesh announced on 09 November?

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Dilmini Mercia answered.
3 weeks ago
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As you must be aware, Indiamart Intermesh is one of India’s most successful B2B internet plays. They operate in the niche space of bringing businesses together on a common ecommerce platform, largely on the lines of what Alibaba does in a big way.

If you look at the latest quarter, Indiamart Intermesh, reported absolutely stellar results for the quarter ended Sep-20. Just look at the profit numbers. It has announced an 8-fold growth in net profits to Rs.70 crore on a return to business normalcy.

While the sales of the company were not really impacted in a big way by the COVID pandemic, even that small impact has been negated and revenues are back to pre-COVID levels. That is an indication that business activity in the SME space is picking up steam.

You would recollect that Indiamart Intermesh had done an IPO just last year and has been one of the finest performers in terms of post-IPO returns. The enthusiastic response to the IPO from investors was justified by the post listing performance.

Indiamart Intermesh offers a B2B platform where small and medium enterprises or SMEs can converge to find buyers and sellers at a very reasonable price. This enables them to do most of their industrial procurement online to cut down on costs and boost profits.

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