IndiaMart to announce Q3 earnings today. Here's what to expect
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IndiaMART InterMESH Ltd will report its third-quarter results on Monday, with the company expected to post an adjusted profit after tax (PAT) in the range of Rs 133.4 crore to Rs 140.5 crore, representing a year-on-year increase of approximately 63-72%, according to estimates by brokerages JM Financial and Nuvama. Revenue for the quarter ended December 2024 is projected to grow by approximately 15.4 -15.5% year-on-year, reaching between Rs 352.4 crore and Rs 352.7 crore. Shares of IndiaMART closed nearly 2% higher on Friday at Rs 2,283.05 on the BSE. Despite the recent uptick, the stock has declined 12.24% over the past year and 24.87% in the last three months, reflecting broader challenges faced by the company. JM Financial expects muted growth in IndiaMART’s paying supplier additions, projecting an increase of only 1,800 quarter-on-quarter, significantly below the long-term average of around 4,500. This subdued growth is attributed to u...