IndiaMART InterMESH Limited reported earnings results for the second quarter and six months ended September 30, 2024. For the second quarter, the company reported sales was INR 3,477 million compared to INR 2,947 million a year ago. Revenue was INR 4,132 million compared to INR 3,293 million a year ago. Net income was INR 1,351 million compared to INR 694 million a year ago. Basic earnings per share from continuing operations was INR 22.54 compared to INR 11.36 a year ago. Diluted earnings per share from continuing operations was INR 22.48 compared to INR 11.34 a year ago.
For the six months, sales was INR 6,790 million compared to INR 5,768 million a year ago. Revenue was INR 7,977 million compared to INR 6,685 million a year ago. Net income was INR 2,491 million compared to INR 1,525 million a year ago. Basic earnings per share from continuing operations was INR 41.54 compared to INR 24.96 a year ago. Diluted earnings per share from continuing operations was INR 41.43 compared to INR 24.91 a year ago.
IndiaMART InterMESH Limited is an India-based company. The Company is an online business-to-business (B2B) marketplace, which connects buyers with suppliers. Its 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.
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