IndiaMART InterMESH Limited Announces Standalone and Consolidated Earnings Results for the Second Quarter and Half Year Ended 2021
November 09, 2020 at 06:32 am EST
Share
IndiaMART InterMESH Limited announced standalone and consolidated earnings results for the second quarter and half year ended 2021. For the second quarter on standalone basis, the company reported revenue from operation of INR 1,620 million as compared to INR 1,530 million a year ago. Total income was INR 1,830 million as compared to INR 1,730 million a year ago. Net profit was INR 740 million as compared to INR 100 million a year ago. Earnings per share was INR 25.8 as compared to INR 3.3 a year ago.
For the half year on standalone basis, the company reported revenue from operation of INR 3,130 million as compared to INR 2,970 million a year ago. Total income was INR 3,670 million as compared to INR 3,320 million a year ago. Net profit was INR 1,510 million as compared to INR 430 million a year ago. Earnings per share was INR 52.3 as compared to INR 14.9 a year ago.
For the second quarter on consolidated basis, the company reported revenue from operation of INR 1,630 million as compared to INR 1,570 million a year ago. Total income was INR 1,810 million as compared to INR 1,770 million a year ago. Net profit was INR 700 million as compared to INR 90 million a year ago. Earnings per share was INR 24.2 as compared to INR 3.0 a year ago.
For the half year on consolidated basis, the company reported revenue from operation of INR 3,160 million as compared to INR 3,040 million a year ago. Total income was INR 3,680 million as compared to INR 3,390 million a year ago. Net profit was INR 1,440 million as compared to INR 410 million a year ago. Earnings per share was INR 49.8 as compared to INR 14.3 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 
