IndiaMART InterMESH Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 19, 2023 at 07:09 am EST
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IndiaMART InterMESH Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 2,514 million compared to INR 1,881 million a year ago. Revenue was INR 3,536 million compared to INR 2,100 million a year ago. Net income was INR 1,128 million compared to INR 702 million a year ago. Basic earnings per share from continuing operations was INR 18.46 compared to INR 11.515 a year ago. Diluted earnings per share from continuing operations was INR 18.45 compared to INR 11.42 a year ago.
For the nine months, sales was INR 7,166 million compared to INR 5,521 million a year ago. Revenue was INR 8,664 million compared to INR 6,348 million a year ago. Net income was INR 2,279 million compared to INR 2,402 million a year ago. Basic earnings per share from continuing operations was INR 37.335 compared to INR 39.535 a year ago. Diluted earnings per share from continuing operations was INR 37.2 compared to INR 39.085 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.