Left Menu
Development News Edition

Indiamart posts profit of Rs 31.4 cr in Q1, FY'20

PTI | New Delhi | Updated: 31-07-2019 22:06 IST | Created: 31-07-2019 22:06 IST
Indiamart posts profit of Rs 31.4 cr in Q1, FY'20

Business-to-business e-commerce firm Indiamart Intermesh posted a consolidated profit of Rs 31.4 crore for the quarter ended on June 30, 2019. The company had recorded a loss of Rs 56.7 crore in the same period a year ago.

The total consolidated income of Indiamart increased by 37.5 per cent to Rs 161.6 crore during the reported quarter from Rs 117.5 crore in the corresponding period of 2018-19. "Consolidated revenue from operations grew by 30 per cent on YoY basis due to increase in number of paying subscribers as well as higher realisation from existing customers.

"Consolidated Deferred Revenue grew by 32 per cent from Rs 461 crore in first quarter of financial year 2019 to Rs 610 crore in first quarter of FY 2020 Crore leading to much better visibility for revenues in future," Indiamart said in a statement. Paying subscription suppliers increased to 1.32 lakh from 1.13 lakh on yoy basis.

"Our growth is a result of focus on execution and measures undertaken towards enhancing buyer and supplier experience. We are continuously investing in expanding our network, enhancing our technological capabilities and acquiring the best minds from the industry,” Indiamart Intermesh, Managing Director, Dinesh Agarwal said.



3D printing and the future of manufacturing post COVID-19

The on-demand, customizable, and localized manufacturing of product components facilitated by 3D printing has the potential to redefine manufacturing but there are certain technical, mechanical, and legal limitations that, unless ...

How UK’s 'best prepared' healthcare system failed to gauge COVID-19

The UK is proud of their public health system and its unlike any other country as around 90 percent of British public supports the founding principles of National Health Service. But without accurate data being available to stakeholders in ...

Poor on IHR capacity progress in 2019, WHO says Cambodia tops COVID-19 response

Despite being in proximity to Hubei, the original epicenter of COVID-19 pandemic, Cambodia has reported just 226 confirmed cases and zero deaths. After seeing the data, WHO appreciated Cambodias healthcare information system but experts dou...

Loopholes in Healthcare Information System may have failed Singapore COVID-19 model

In the initial days of the COVID-19 outbreak, Singapore was in the limelight for its effective healthcare system and pandemic response plan. However, Singapore has now joined the list of the worst-hit nations and the situation is even worse...


Latest News

Cyprus, France to boost defense ties under cooperation deal

Cyprus on Thursday said it would work with France to procure and develop arms and jointly train military personnel as part of a defense cooperation agreement. According to a statement, the 2017 agreement that came into force this month also...

Soccer-Inter sign Sanchez from Man Utd on permanent deal

Serie A club Inter Milan have signed forward Alexis Sanchez on a permanent three-year deal from Manchester United, both clubs confirmed on Thursday. British media reported that United had cut their losses and terminated the Chileans contrac...

Marico launches surface disinfectant sprays

FMCG major Marico on Thursday announced the launch of Protect range of surface disinfectant sprays, strengthening its portfolio into the fast-growing segment of safety and hygiene after COVID-19. Besides, Marico has also announced to partne...

Closed for vacation: France faces new virus testing troubles

With virus cases rising anew, France is struggling to administer enough tests to keep up with demand. One reason Many testing labs are closed so that their staff can take summer vacation, just as signs of a second wave are building.Doctors ...

Give Feedback