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Indiamart

Why IndiaMart stock fell 18% despite nearly 100% jump in Q2 profit? Details

IndiaMart InterMesh' profit after tax for the second quarter stood at Rs 135.13 crore, up 94.7 per cent year-on-year from to Rs 69.4 crore a year ago

Why IndiaMart stock fell 18% despite nearly 100% jump in Q2 profit? Details
Updated On : 21 Oct 2024 | 12:53 PM IST

Ajit Mishra of Religare Broking recommends buying these stocks on July 25

The markets traded lackluster and ended slightly lower, continuing the ongoing consolidation phase. After a flat start, the Nifty fluctuated within a narrow range, eventually closing at 24,413.50.

Ajit Mishra of Religare Broking recommends buying these stocks on July 25
Updated On : 25 Jul 2024 | 6:24 AM IST

Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet

Analysts at Nuvama Institutional Equities are optimistic about the revenue prospects of these "new age" internet companies

Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet
Updated On : 05 Jul 2024 | 10:08 AM IST

WestBridge Capital divests 1.2% stake in Indiamart for Rs 190 crore

Private equity firm WestBridge Capital on Friday offloaded a 1.2 per cent stake in IndiaMART InterMESH for Rs 190 crore through open market transactions. WestBridge Capital, through its affiliate WestBridge Crossover Fund LLC, sold shares of IndiaMART InterMESH, an online B2B marketplace, through two separate block deals on BSE. As per the data available with BSE, WestBridge Crossover Fund LLC disposed of 7.3 lakh shares or a 1.2 per cent stake in IndiaMART InterMESH in two tranches. The shares were offloaded at an average price of Rs 2,601 apiece, taking the deal size to Rs 189.87 crore. These shares were purchased by SBI Mutual Fund and Morgan Stanley Asia (Singapore) at the same price. Shares of IndiaMART InterMESH gained 1.25 per cent to close at Rs 2,648.80 apiece on the BSE. In another block deal on the BSE, Rajat Agrawal, one of the promoters' of Gravita India, pared a 2 per cent stake in the company for Rs 191 crore. As per the block deal data available, Agrawal sold 14

WestBridge Capital divests 1.2% stake in Indiamart for Rs 190 crore
Updated On : 21 Jun 2024 | 11:46 PM IST

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh

Shares of Zomato have soared 57 per cent so far in 2024, but those of Paytm have tumbled 46 per cent

Zomato, Paytm: What should investors do with new-age stocks? Analysts weigh
Updated On : 22 May 2024 | 10:02 AM IST

IndiaMart Q4 results: Net profit jumps 78% to Rs 99.6 crore, revenue up 17%

IndiaMart Q4FY24 results: The company has recommended a final dividend of Rs 20 per equity share of face value of Rs 10 each for the financial year 2023-24

IndiaMart Q4 results: Net profit jumps 78% to Rs 99.6 crore, revenue up 17%
Updated On : 30 Apr 2024 | 5:48 PM IST

IndiaMart Q3 results: Consolidated net profit drops 27% to Rs 82 crore

IndiaMart's revenue from operations jumped 21 per cent to Rs 305 crore in the December quarter of the current financial year

IndiaMart Q3 results: Consolidated net profit drops 27% to Rs 82 crore
Updated On : 18 Jan 2024 | 6:04 PM IST

IndiaMART working with Novo Nordisk to halt illegal Wegovy sales: Report

IndiaMART, one of India's top online marketplaces, allows dealers to sell on its website after a nominal background check and says it has minimal control over what is advertised and sold

IndiaMART working with Novo Nordisk to halt illegal Wegovy sales: Report
Updated On : 18 Dec 2023 | 8:30 AM IST

IndiaMart Q2 result: Consolidated net profit at Rs 69.4 cr, revenue up 23%

The revenue from operations for Q2FY24 came in at Rs 296.96 crore, compared to Rs 240.66 crore year-on-year (y-o-y), registering a rise of 23.39 per cent

IndiaMart Q2 result: Consolidated net profit at Rs 69.4 cr, revenue up 23%
Updated On : 27 Oct 2023 | 5:43 PM IST

These four stocks turn ex-date for share buyback; slip up to 4%

Piramal Enterprises, KRBL, FDC and IndiaMART InterMESH turned ex-date for share buyback on Friday, falling in the range of 2 per cent to 4 per cent on the BSE in intra-day deals.

These four stocks turn ex-date for share buyback; slip up to 4%
Updated On : 25 Aug 2023 | 10:14 AM IST

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF

Stocks to watch on July 21, 2023: From Reliance Industries to Infosys, check out the top stocks to watch in Friday's trading session

Stocks to watch: RIL, Infosys, HUL, Ultratech Cement, Union Bank, L&T, DLF
Updated On : 21 Jul 2023 | 7:39 AM IST

IndiaMART Q1FY24 results: Net profit up 78%, revenue from ops rises 26%

IndiaMART registered traffic of 254 million and unique business enquiries of 22 million in Q1FY24

IndiaMART Q1FY24 results: Net profit up 78%, revenue from ops rises 26%
Updated On : 20 Jul 2023 | 7:10 PM IST

IndiaMART net profit flat at Rs 56 cr in Q4; revenue rises 33% to Rs 269 cr

Online B2B marketplace and discovery platform IndiaMART InterMESH on Friday reported Rs 56 crore consolidated net profit for the March 2023 quarter. The company had posted a net profit of Rs 57 crore in the corresponding quarter a year ago, IndiaMART said in a statement. Its consolidated revenue from operations, however, grew 33 per cent to Rs 269 crore against Rs 201 crore in the year-ago quarter. The consolidated cash flow from operations stood at Rs 209 crore during the quarter under review, the company said. IndiaMART collected a total of Rs 418 crore from its customers during the fourth quarter of FY23, 31 per cent higher than Rs 318 crore mopped up in the same quarter of FY22. During the entire 2022-23, the company's net profit fell 5 per cent to Rs 284 crore compared to Rs 298 crore recorded in the preceding fiscal. However, the consolidated revenue from operations increased 31 per cent by Rs 985 crore in FY23 from Rs 753 crore in FY22. The cash flow generation rose 18 per

IndiaMART net profit flat at Rs 56 cr in Q4; revenue rises 33% to Rs 269 cr
Updated On : 28 Apr 2023 | 8:12 PM IST

IndiaMART and four other Indian markets figure in US Notorious Markets list

IndiaMART, one of the largest Indian e-commerce websites, along with four physical marketplaces in Delhi, Bengaluru, Kolkata and Mumbai have figured in the latest annual edition of the Notorious Markets List of the US. Released by the US Trade Representative (USTR) on Tuesday, the 2022 Notorious Markets List identifies 39 online and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy. The Indian markets in the list are IndiaMART, Heera Panna in Mumbai, Kidderpore in Kolkata, Sadar Patrappa Road Market in Bengaluru, and Tank Road in Delhi. "The widespread trade in counterfeit and pirated goods harms the economic security of American workers and undermines our work to craft equitable and inclusive trade policy," USTR Katherine Tai said. "The Notorious Markets List is an important tool that urges the private sector and our trading partners to take action against these harmful practices," she added. According to the

IndiaMART and four other Indian markets figure in US Notorious Markets list
Updated On : 31 Jan 2023 | 11:06 PM IST

Indiamart Q3 net profit rises 60.6% to Rs 112.8 cr; revenue up 33.6%

Indiamart Intermesh Ltd, a B2B e-commerce company, on Thursday reported a 60.68 per cent rise in its consolidated net profit to Rs 112.8 crore for the third quarter ended December 31, 2022

Indiamart Q3 net profit rises 60.6% to Rs 112.8 cr; revenue up 33.6%
Updated On : 19 Jan 2023 | 11:49 PM IST

Relief to IndiaMART subsidiary Busy Infotech in intellectual property case

Legal action taken against violation of intellectual property rights by Xpert Tricks Softwares & others for commercial gains

Relief to IndiaMART subsidiary Busy Infotech in intellectual property case
Updated On : 04 Nov 2022 | 12:04 AM IST

IndiaMART InterMESH hits 52-week low; stock slips 43% in six months

Like the preceding quarter, Q1FY23 will also see high costs and margins will be impacted before improving gradually, said analysts.

IndiaMART InterMESH hits 52-week low; stock slips 43% in six months
Updated On : 04 Jul 2022 | 3:10 PM IST

Is the time ripe for consolidation among new-age technology companies?

A rise in cost of capital has already weighed on the related stocks all across the globe over the past few months

Is the time ripe for consolidation among new-age technology companies?
Updated On : 30 Jun 2022 | 10:39 PM IST

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr

B2B e-commerce company Indiamart Intermesh on Friday said it plans to acquire 51 per cent stake in software-as-a-service firm Livekeeping for Rs 45.98 crore in an all-cash deal

Indiamart to acquire majority stake in Livekeeping for Rs 46 cr
Updated On : 25 Mar 2022 | 5:16 PM IST

E-commerce firm Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr

B2B e-commerce firm Indiamart on Monday announced acquisition of 26.01 per cent stake in cloud-based account software firm Adansa Solutions for Rs 13.75 crore. As part of the transaction, Indiamart's wholly-owned subsidiary Tradezeal Online Private Limited has acquired shares via a mix of primary and secondary share purchases. "Unlike existing desktop based software solutions which were designed for traditional businesses, the team at Realbooks has consciously designed a cloud first product which makes it appealing for new age businesses. "We believe that this investment complements other initiatives we are taking within this space, and are excited to partner with them for their next phase of growth," Indiamart CEO Dinesh Agarwal said in a statement. Adansa Solutions under the brand name 'Realbooks', offers a cloud based accounting software product for businesses and had turnover of Rs 2.6 crore in financial year 2021.

E-commerce firm Indiamart acquires 26% stake in Realbooks for Rs 13.75 cr
Updated On : 28 Feb 2022 | 9:02 PM IST