Mon Oct 21 07:18:31 UTC 2024: **IndiaMart InterMesh Ltd. Q2 Results Summary:**

– **Net Profit:** Increased by 94.75% year-on-year to Rs 135.1 crore for the quarter ending September 2024.
– **Revenue Growth:** Rose 18% to Rs 348 crore during the same period.
– **Other Income:** Surged by 92% year-on-year to Rs 62 crore, up from Rs 32 crore.
– **EBITDA Performance:** Consolidated operating profit increased by 68% to Rs 134.6 crore, with an EBITDA margin improvement from 27.14% to 38.71%.
– **Unique Business Enquiries:** Registered 2.80 crore, reflecting a 14% year-on-year growth.
– **Supplier Metrics:**
– Supplier storefronts grew 5% year-on-year to 80 lakh.
– Paying suppliers increased to 2.18 lakh, with a net addition of 2,400 during the quarter.
– **Company Remarks:** Focus on enhancing buyer and supplier experiences, strong cash flows, and optimistic outlook on sustainable profitable growth due to increasing internet adoption in businesses.
– **Share Price:** Closed at Rs 2,983.00, down 1.81% on Friday, but up over 9% year-to-date.

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