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Shares of IndiaMART InterMESH zoomed 13 per cent to Rs 2,365 on the BSE on Wednesday after the company's consolidated net profit more-than-doubled in December quarter (Q3FY20) to Rs 62 crore. It had reported a profit of Rs 28 crore in the year-ago quarter.
The company’s consolidated total revenue from operations grew 23 per cent year-on-year (YoY) to Rs 165 crore, primarily due to increase in number of paying subscribers as well as higher realization from existing customers. IndiaMART is India's largest online B2B marketplace for business products and services.
EBITDA (earnings before interest, tax, depreciation, and amortization) rose
The company’s consolidated total revenue from operations grew 23 per cent year-on-year (YoY) to Rs 165 crore, primarily due to increase in number of paying subscribers as well as higher realization from existing customers. IndiaMART is India's largest online B2B marketplace for business products and services.
EBITDA (earnings before interest, tax, depreciation, and amortization) rose
