ECONOMY

IndiaMart InterMesh – Margins Surprised Positively In Q1: Anand Rathi

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Of its customers, ~30%/~30%/~40% have been with IndiaMart InterMesh Ltd. for less than one year (silver monthly/annual)/one to two years (gold)/ more than three years (platinum).

Greater churn has been seen in the first category due to the Covid-19 second wave.

Because of this, collections and the number of paid subscribers of IndiaMart InterMesh in Q1 FY22 declined respectively ~37.5% and ~4% QoQ.

Average revenue per user rose ~5.8% QoQ from upselling gold customers to platinum.

The 48.8% Ebitda margin surprised, primarily driven by benefits arising from various cost-optimisation measures.

Click on the attachment to read the full report:

Anand Rathi IndiaMart InterMesh Company Update.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint 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 BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
editorpen Governmental News Finance News

Source link

Back to top button