Indiamart posts 29% rise in net profit at Rs 80 cr in third quarter

B2B e-commerce firm Indiamart Intermesh on Monday posted a 29 per cent rise in its consolidated net profit to Rs 80 crore for the third quarter ended December 31, 2020.

The company had reported a net profit of Rs 62 crore in the year-ago period, a regulatory filing said.

Its revenue from operations stood at Rs 174 crore in the third quarter of 2020-21, up 5 per cent from Rs 165 crore in the corresponding period last fiscal, it added.

It attributed this growth to “marginal improvement in realisation of existing customers and increase in number of paying subscription suppliers”.