InvestorQ : How did Indiamart manage to report such good numbers in the midst of the COVID-19 pandemic?
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How did Indiamart manage to report such good numbers in the midst of the COVID-19 pandemic?

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1 year ago
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IndiaMART reported a 57% rise in net profits to Rs.44 crore in the Mar-20 quarter. The consolidated revenues increased by 22% at Rs.187 crore. For the full fiscal year 2019-20, Indiamart posted 7X jump in net profits at Rs.147.4 crore. Overall revenues for the fiscal also were up by 29% at Rs. 707 crore. The management stated that while they did see some challenges in demand and business activity, the online business was an overall gainer in the lockdown conditions. Indiamart sees its model become stronger as more businesses look for transforming and adapting to online.

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