IndiaMart Q1 Review - Growth In The Number Of Paid Customers, Collections Remain Robust: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Overall, IndiaMart Intermesh Ltd.'s financial performance was inline for the quarter. The revenue growth was strong led by robust addition in paid customers. The growth in paid customers is expected to be between 8,000‐9,000 per quarter going ahead. The Ebitda margin has stabilised (still lower than margin witnessed during Q1 FY21‐Q3 FY22) on continued investment in manpower, sales and distribution during the quarter. The growth in collections remain robust and provides strong growth outlook. Most of traffic on the portal is organic driven led by strong value proposition with little spending on advertising. IndiaMart continues to be a leader in business-to-business online classified segment with around 70% market share and remains a strong play on rising adoption of internet among small and medium enterprises. We estimate revenue compound annual growth rate of 26.6% over FY22‐24E with average Ebit margin of 32.8% over the period..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

IndiaMart Q1 Review - Growth In The Number Of Paid Customers, Collections Remain Robust: Yes Securities

IndiaMart Q1 Review - Growth In The Number Of Paid Customers, Collections Remain Robust: Yes Securities

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