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[hfe_template id='11223'] [ad_1] 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...

[hfe_template id='11223'] [ad_1] Shares of IndiaMart InterMesh-operated IndiaMart today fell by 18% to Rs 2,466.80 on the BSE even as the company reported nearly a 95% YoY jump in its Q2 PAT at Rs 135.1 crore. Additionally, the company also reported an 18% jump in its revenue on a year-on-year basis (YoY) at Rs 348 crore for the second quarter ended September 2024, which stood at Rs 295 crore in the same quarter of the previous fiscal year. IndiaMart’s EBITDA stood at Rs 134.6 crore, up by 68.3% YoY while the EBITDA margins stood at 38.7% for the quarter against 27.1% reported in the corresponding quarter of the previous financial year. Post the update, here is what the analysts across various brokerages said: Nuvama: Reduce| Target price: Rs 2,500 Nuvama downgraded IndiaMart’s rating to reduce from hold while the target price was cut to Rs 2,500 vs Rs 3,070 earlierThe company’s collection growth slowed sharply to 5% YoY from 14% in Q1FY25 and is likely to stay in low-do...