 "IndiaMART")
Return to pre-Covid growth levels, plans to expand business through the inorganic route, increasing trend of digitisation among medium, small and micro enterprises (MSMEs), and better-than-expected December quarter (Q3) results have strengthened the Street’s confidence in growth prospects for India’s online business-to-business (B2B) marketplace IndiaMART InterMESH.
On Monday evening, IndiaMART reported its Q3 performance, which was higher than analyst estimates on all the key parameters. The operational performance was aided by a sharp rebound in paid suppliers and cost optimisation initiatives. The company added around 7,000 paying subscribers in Q3 -- against the expectation of 5,000 — of which 5,500 were
