Indiamart Intermesh Ltd. | CMP Rs. 2152 | M Cap Rs. 6224 Cr | 52 W H/L 2863/952
(Nirmal Bang Retail Research)
Result is ok
Although the margins have improved due to cost control measueres taken by the management and lower employee cost , however growth has been impacted
Paying Subscription supplier came at 133000 (i.e QoQ reduction of 14000 paid suppliers) Vs QoQ 147000 vs YoY 132500
Total business enquiries delivered ( mn )came at 131 vs QoQ 116 vs YoY 113
Deferred Revenue came at Rs. 628 cr vs QoQ Rs 685 cr, YoY Rs 610 cr
Revenue from Operations came at Rs. 153.1 Cr (-10% QoQ, 3.9% YoY) vs QoQ Rs. 170.1 Cr, YoY Rs. 147.3 Cr
EBIDTA came at Rs. 73.3 Cr (40.2% QoQ, 99.7% YoY) vs QoQ Rs. 52.3 Cr, YoY Rs. 36.7 Cr
EBITDA Margin came at 47.9% vs QoQ 30.7%, YoY 24.9%
Adj. PAT came at Rs. 74.1 Cr vs QoQ Rs. 44.3 Cr, YoY Rs. 32.4 Cr
Quarter EPS is Rs. 25.6
Share is trading at P/E of 35.7x FY21E EPS