Indiamart Intermesh Limited (INDIAMART) — Financial Results

Investor Takeaways

Revenue increased to ₹354.3 Cr in Q3FY25 from ₹314.7 Cr in Q4FY24, a growth of 12.5% YoY.

Net profit rose to ₹121 Cr in Q3FY25 from ₹99.6 Cr in Q4FY24, a growth of 21.5% YoY.

⚠️ No specific risks identified in this filing.

Overall Tone: Neutral based on the numbers only.

Key Financial Highlights

Metric	Value	YoY Change
Revenue	₹354.3 Cr	12.5%
Net Profit	₹121 Cr	21.5%
EBITDA	N/A	N/A
EPS	₹20.18
OPM	39.03%

What Changed

The company reported sequential and YoY improvements in revenue, profit, and margins during Q3FY25 compared to Q4FY24. Revenue grew from ₹314.7 Cr to ₹354.3 Cr, while net profit increased from ₹99.6 Cr to ₹121 Cr. Operating profit margin expanded significantly to 39.03% from 28.09% in the prior quarter, indicating improved operational efficiency. Earnings per share also rose to ₹20.18 from ₹16.62 in the previous quarter. These trends suggest strengthening top-line growth and margin expansion, though the data reflects only four consecutive quarters ending with Q3FY25.

Peer Comparison

Company	P/E	ROE	ROCE	Market Cap (₹ Cr)
INDIAMART	24.97	N/A	N/A	11,756.05
DMART	104.25	N/A	N/A	2,84,258.63
ETERNAL	317.34	N/A	N/A	2,32,747.16
TRENT	75.43	N/A	N/A	1,45,796.38

INDIAMART trades at a significantly lower valuation multiple compared to peers DMART, ETERNAL, and TRENT, which have P/E ratios of 104.25, 317.34, and 75.43 respectively. This suggests relative affordability on a earnings basis, though peer profitability metrics remain unavailable.