IndiaMART Q4 Profit Zooms 81% YoY To INR 181 Cr

Online B2B marketplace IndiaMART InterMESH’s consolidated net profit zoomed 81% to INR 180.6 Cr in the fourth quarter (Q4) of the financial year 2024-25 (FY25) from INR 99.6 Cr in the year-ago period, aided by growth in its top line and improvement in EBITDA margin.

On a quarter-on-quarter basis, net profit grew more than 49% from INR 121 Cr.

Revenue from operations surged nearly 13% to INR 355.1 Cr during the quarter under review from INR 314.7 Cr in the March quarter last year. Sequentially, the top line was almost flat compared to INR 354.3 Cr. 

Including other income of INR 108.8 Cr, the company’s total revenue stood at INR 463.9 Cr in Q4 FY25 as against INR 391.9 Cr in the same quarter last year.

IndiaMART’s consolidated EBITDA surged 48% year-on-year (YoY) to INR 131 Cr in the March quarter.

For the full fiscal year FY25, IndiaMART reported a net profit of INR 550.7 Cr, up 65% from INR 334 Cr in FY24. Operating revenue grew 16% to INR 1,388.4 Cr from INR 1,196.8 Cr in FY24. The company’s EBITDA grew 58% YoY to INR 523 Cr in FY25.

Founded in 1999 by Dinesh Agarwal and Brijesh Agrawal, IndiaMART claims to be India’s largest online B2B marketplace that connects buyers and suppliers across 58 industries and 98K product categories such as consumer electronics, chemicals and dyes, construction and raw materials, clothing and apparel, cosmetics and personal care, pharmaceuticals and automobiles, among others. 

Over the past few years, IndiaMART has invested in several new-age tech companies to diversify its offerings and spruce up revenue. Its investments include fintech startup Vyapar, legal tech startup Legistify, fraud detection startup IDfy, omnichannel inventory and warehouse management startup EasyEcom, HR tech startup Zimyo, logistics automation startup Fleetx, among others.

In an investor presentation, the company said that its collections from customers grew 12% YoY to INR 541 Cr during the March quarter. This included the company’s standalone collections of INR 506 Cr and Busy Infotech’s collections of INR 32.8 Cr.

It also registered 27 Mn unique business inquiries in Q4 FY25, up 10% from 24 Mn in the year-ago quarter. Supplier storefronts and paying supplier additions were largely muted, rising 6% YoY to 8.4 Mn and 1% YoY to 217K, respectively, in the reported quarter. Annualised revenue per paying supplier increased 11% YoY to INR 62K in Q4 FY25.

Meanwhile, deferred revenue zoomed 17% YoY to INR 1,678 Cr during the quarter under review. This primarily included IndiaMART’s standalone deferred revenue of INR 1,600 Cr and Busy Infotech’s revenue of INR 72 Cr.

Zooming Into IndiaMART’s Expenses

IndiaMART managed to bring down its overall expenses by 3% to INR 234.7 Cr during the quarter ended March 31, 2025 from INR 241.2 Cr in the same quarter last year. Sequentially, total expenditure rose nearly 4% from INR 226.1 Cr.

Employee Benefit Expenses: This was the biggest expense head for the company during the quarter under review. The spending under this bucket rose almost 6% to INR 157.4 Cr in Q4 FY25 from INR 148.9 Cr in the year-ago quarter. On a QoQ basis, it went up nearly 3% from 153 Cr.

Other Expenses: The spending in this bracket declined 13% to INR 67.3 Cr in the reported quarter from INR 77.4 Cr in the December quarter last year. Sequentially, this expense head rose 7% from INR 63 Cr. However, the company did not share a breakup of these expenses.

Meanwhile, IndiaMART’s board recommended a final dividend of INR 30 per share for FY25 and a special dividend of INR 20 per share. 

Ahead of its Q4 FY25 earnings announcement, shares of IndiaMART ended today’s trading session 4.28% higher at INR 2,331.10 apiece on the BSE.