IndiaMART Q4: Profit Surges 78% YoY To INR 99.6 Cr, Declares INR 20/Share Dividend
India, April 30 -- B2B marketplace IndiaMART InterMESH on Tuesday (April 30) reported an over 78% increase in its consolidated net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 99.6 Cr from INR 55.8 Cr in the year-ago quarter.
On a quarter-on-quarter (QoQ) basis, profit rose 23% from INR 81.9 Cr.
Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23.
For the full financial year 2023-24 (FY24), the B2B marketplace's consolidated net profit grew nearly 18% to INR 334 Cr from INR 283.8 Cr in FY23.
The company's board also approved a dividend of INR 20 per share for FY24.
(The story will be updated soon.)
The post IndiaMART Q4: Profit Surges 78% YoY To INR 99.6 Cr, Declares I...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.