IndiaMART declares dividend of ₹20 per share, net profit zooms 79% in Q4

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

Listen to the Article (6 Minutes)

E-commerce firm IndiaMART InterMESH Ltd on Tuesday (April 30) reported a 78.5% year-on-year (YoY) jump in net profit at ₹99.6 crore for the fourth quarter that ended March 31, 2024.

In the corresponding quarter, IndiaMART InterMESH posted a net profit of ₹55.8 crore, the company said in a regulatory filing. The company’s revenue from operations increased 17.1% to ₹314.7 crore against ₹268.8 crore in the corresponding period of the preceding fiscal.

At the operating level, EBITDA increased 33.7% to ₹88.4 crore in the fourth quarter of this fiscal over ₹66.1 crore in the corresponding period of the previous fiscal. The EBITDA margin stood at 28.1% in the reporting quarter versus 24.6% in the year-ago period. EBITDA is earnings before interest, tax, depreciation, and amortisation.

Also Read: Havells beats estimates to post 24% rise in Q4 net profit, declares dividend of ₹6

The board of directors has recommended a final dividend of ₹20 per equity share of ₹10 each for the financial year 2023-24 (200% of the face value), subject to the approval of the shareholders in the ensuing annual general meeting (AGM).

The dividend will be paid within 30 days of the date of declaration and approval of the final dividend by the shareholders of the company.

The results came after the close of the market hours. Shares of IndiaMART InterMESH Ltd ended at ₹2,648.20, up ₹23.15, or 0.88%, on the BSE.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow