IndiaMART Logs 18% Rise In Q2FY22 Net Profits, Operational Revenue Up By 12%
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India, Oct. 21 -- B2B ecommerce platform IndiaMART has reported a 17.6% rise in its consolidated net profit for the July-September quarter to INR 82.11 Cr on a year-on-year (YoY) basis.
During the same period of the last financial year (FY21), the Delhi NCR based company had recorded a net profit of INR 69.87 Cr.
The jump in profits came on an 11.7% increase in the consolidated revenue from operations of the company to INR 182.37 Cr in Q2FY22, compared to INR 163.24 Cr earned during the corresponding quarter of last fiscal.
IndiaMART attributed the increase in revenue to the improvement in realisation from existing customers along with the rise in the number of paying subscription suppliers.
Its consolidated deferred revenue grew by 2...
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