IndiaMART InterMESH Limited Reports Audited Standalone and Consolidated Earnings Results Third Quarter and Nine Months Ended December 31, 2020
January 18, 2021 at 06:07 am EST
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IndiaMART InterMESH Limited reported audited standalone and consolidated earnings results third quarter and nine months ended December 31, 2020. For the quarter, the standalone company reported revenue from operations of INR 1,729 million against INR 1,605 million a year ago. Total income was INR 1,974 million against INR 1,770 million a year ago. Net profit for the period was INR 815 million against INR 635 million a year ago. Basic earnings per equity share (INR 10 per share) was INR 28.09 against INR 21.95 a year ago. Diluted earnings per equity share (INR 10 per share) was INR 27.66 against INR 21.61 a year ago.
For the nine months, the standalone company reported revenue from operations of INR 4,860 million against INR 4,577 million a year ago. Total income was INR 5,649 million against INR 5,088 million a year ago. Net profit for the period was INR 2,325 million against INR 1,062 million a year ago. Basic earnings per equity share (INR 10 per share) was INR 80.36 against INR 36.88 a year ago. Diluted earnings per equity share (INR 10 per share) was INR 79.00 against INR 36.27 a year ago.
For the quarter, the consolidated company reported revenue from operations of INR 1,736 million against INR 1,649 million a year ago. Total income was INR 1,982 million against INR 1,815 million a year ago. Net profit for the period was INR 802 million against INR 620 million a year ago. Basic earnings per equity share (INR 10 per share) was INR 27.61 against INR 21.45 a year ago. Diluted earnings per equity share (INR 10 per share) was INR 27.19 against INR 21.12 a year ago.
For the nine months, the consolidated company reported revenue from operations of INR 4,899 million against INR 4,688 million a year ago. Total income was INR 5,661 million against INR 5,202 million a year ago. Net profit for the period was INR 2,241 million against INR 1,031 million a year ago. Basic earnings per equity share (INR 10 per share) was INR 77.46 against INR 35.80 a year ago. Diluted earnings per equity share (INR 10 per share) was INR 76.15 against INR 35.21 a year ago.
IndiaMART InterMESH Limited is an India-based online business-to-business (B2B) marketplace, which connects buyers with suppliers. The channel is focused on providing a platform for small and medium enterprises (SMEs), large enterprises, as well as individuals. The Company operates through two segments: Web and related Services and Accounting Software Services. Web and related services segment provide business-to-business e-marketplace services, which acts as an interactive hub for domestic and international buyers and suppliers. The Accounting software services segment provides the business of development, system analysis, designing and marketing of integrated business accounting software to help and manage businesses with increased efficiency. The Company's solutions include IM Leader, IM Star, TrustSEAL, Maximiser, IndiaMART Paid Service (MDC), IndiaMART Verified Exporter, enterprise solutions and advertising solutions.
INDIAMART INTERMESH LIMITED 
