Friday, February 26, 2021
News

Indiamart Intermesh logs 29% growth in Oct-Dec

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Tuesday, 2021 4:45:05 AM IST
Indiamart Intermesh on Monday reported a 29 per cent increase in its consolidated net profit for the October-December quarter on a year-on-year (YoY) basis to Rs 80 crore.

During the corresponding period of the previous financial year, the company had reported a net profit of Rs 62 crore.

Its revenue from operations rose 5 per cent to Rs 174 crore during the period under review, compared to Rs 165 crore during the third quarter of FY 2019-20, said a company statement.

Dinesh Agarwal, CEO of the company said: "As we see the improvement in overall demand environment and business activity, our strong value proposition, customer relationships and balance sheet make us confident of supporting businesses in their transformation to online."

"With the emerging accelerated digitization needs of businesses, we are looking forward to kickstart the new year on an optimistic note," he said.

--IANS rrb/sn

( 156 Words)

2021-01-18-22:40:04 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Equities crash as bond yields surge, pri...
Economic recovery in consolidation phase...
Wisdom Capital acquires ImagineSales, la...
Mahaveer Shringi's 'Queen Of Sajjangarh'...
Bauxite ASP needs correction for Indian ...
Protein Day 2021: Teach For India collab...
More...
 
INDIA WORLD ASIA
BJP, Cong afraid of people who voted for...
Man connives with doc to slay wife for i...
AIMPLB to hold online series on legal is...
Fake-news matter will be heard by new be...
Spurious liquor kills 4 in Bihar, 2 lose...
Fugitives can't sit easy in other jurisd...
More...    
 
 Top Stories
Germany tour will be test of skills... 
Did not incite R-day violence, rath... 
Think about others: Queen urges peo... 
Transporters' strike in K'taka didn... 
Work from home leading to eye, hear... 
Teen Mercedes driver held for mowin... 
Novel chip simplifies Covid testing... 
India tablet market records 14.7% g...