Indiamart Intermesh Reports Q2: Revenue Up by 17.98% Year-on-Year

The comprehensive analytics outlining the performance and outlook of Indiamart Intermesh Limited‘s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Today, we’re looking at Indiamart Intermesh Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 17.98 %. However, it did see a marginal increase of 4.95 % from the previous quarter. Expenses ticked up slightly by 6.61 % quarter-on-quarter, aligning with the annual rise of 0.04 %. Operating profit, while up 76.67 % compared to last year, faced a quarter-on-quarter increase of 2.01 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 11.65 %, but a shrinkage of -1.01 % sequentially. Other income rose by 23.12 % compared to the last quarter, despite an annual growth of 89.31 %. Interest expenses dropped significantly by -5 % from the previous quarter, yet the year-over-year decrease remains at a moderate -17.39 %. Depreciation costs climbed by 1.23 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 2.5 %. Profit before tax grew annually by 90.03 % but saw an increase from the preceding quarter by 9.04 %.
Tax expenses as a percentage of profits decreased slightly by -0.7 % compared to last year, with a more notable quarter-on-quarter decrease of -0.79 %. Net profit rose by 94.67 % year-on-year but experienced a 18.51 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 98.24 % but a quarterly rise of 18.57 %. In summary, Indiamart Intermesh Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

In reviewing Indiamart Intermesh Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 17.98 % year-on-year growth, however, there was a minor increase of 4.95 % from the previous quarter. Expenses rose by 0.04 % compared to the previous year, with a 6.61 % increase quarter-on-quarter. Operating Profit surged by 76.67 % annually, and saw a 2.01 % increase from the last quarter.
Net Profit showed yearly increase of 94.67 %, and experienced a 18.51 % increase from the previous quarter. Earnings Per Share (EPS) rose by 98.24 % annually, however rose by 18.57 % compared to the last quarter. In essence, while Indiamart Intermesh Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.