India, Oct. 21 -- B2B ecommerce major IndiaMART reported a consolidated net profit of INR 68.4 Cr in the second quarter (Q2) of the financial year 2022-23 (FY23), down 16% compared to the same period last year.

The profit took a hit likely on account of significant investments in manpower, product, technology, sales and servicing.

However, if we look on a quarterly basis, its profits surged more than 46% from INR 46.7 Cr in Q1 FY23.

Overall, IndiaMART's revenues from operations soared nearly 32% to INR 240.6 Cr, up from INR 182.4 Cr during the same period last year.

Other Highlights

Other income from operations grew 48% YoY to INR 46.6 Cr

Earnings before interest, tax, depreciation and amortisation (EBITDA) also surged to INR 46.1 C...