IndiaMART InterMESH Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 24, 2022 at 08:41 am EST
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IndiaMART InterMESH Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 1,881 million compared to INR 1,736 million a year ago. Revenue was INR 2,100 million compared to INR 1,982 million a year ago. Net income was INR 702 million compared to INR 802 million a year ago. Basic earnings per share from continuing operations was INR 23.03 compared to INR 27.61 a year ago. Diluted earnings per share from continuing operations was INR 22.84 compared to INR 27.19 a year ago.
For the nine months, sales was INR 5,521 million compared to INR 4,899 million a year ago. Revenue was INR 6,348 million compared to INR 5,661 million a year ago. Net income was INR 2,402 million compared to INR 2,241 million a year ago. Basic earnings per share from continuing operations was INR 79.07 compared to INR 77.46 a year ago. Diluted earnings per share from continuing operations was INR 78.17 compared to INR 76.15 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 
