India, Feb. 25 -- Shares of IndiaMART InterMESH fell over 1% in early trade today (February 25) to hit a fresh 52-week low of INR 1,980.50 apiece on the BSE. The stock has tanked over 12% in the past month after the company announced its earnings for the quarter ended December 2024.

Brokerages are bearish on the stock despite the B2B online marketplace reporting a 48% jump in its consolidated net profit at INR 121 Cr in Q3 FY25. On a quarter-on-quarter basis, profit fell 10.4% from NR 305.3 Cr.

IndiaMART's revenue from operations rose 16% year-on-year to INR 354.3 Cr during the quarter under review. Sequentially, its operating revenue was largely flat.

Following its Q3 earnings, Nomura downgraded IndiaMART InterMESH to 'reduce' from 'n...