IndiaMART April-June Profit Rises 35% On Year, Aided By Higher Other Income

IndiaMART InterMESH Ltd.'s consolidated net profit for the April–June rose 34.6% on year to ₹1,540 million, helped by higher other income. Revenue from operations climbed 12.3% on year to ₹3,720 million.

Other income jumped to ₹924 million from ₹532 million in the year-ago quarter. Total expenditure, including finance costs, increased to ₹2,470 million from ₹2,220 million, even as finance costs halved to ₹10 million. The company's tax outgo rose to ₹504 million from ₹374 million a year earlier.

On a sequential basis, net profit fell 15.0% while revenue grew 4.8%. Despite the quarter-on-quarter decline, the bottom line was above expectations, with analysts estimating profit at ₹1,310 million.