Tuesday, Nov 29 2022 | Time 02:17 Hrs(IST)
Business Economy

IndiaMART reports net profit of Rs 68 Cr in Q2

New Delhi, Oct 20 (UNI) IndiaMART on Thursday said it has reported a net profit of Rs 68 crore for the quarter ended September 30, 2022.

The consolidated Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the quarter was Rs 67 crore, a statement from the company said.

The consolidated revenue from operations for the quarter stood at Rs 241 crore, registering YoY growth of 32 per cent.

Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said, "We are pleased to report growth in revenue, customers and deferred revenue along with healthy margins and cash flows in a stable demand environment. Sustainable cash flows and a robust balance sheet enables us to continue investing in strategic areas as well as building the organization to meet the evolving customer needs and accelerate digital transformation of businesses."
More News

Telangana Govt invites investments in Aerospace & Defence sectors at Defence Companies roundtable meeting at Delhi

28 Nov 2022 | 11:32 PM

Hyderabad, Nov 28 (UNI) The robust Aerospace and Defence ecosystem in Telangana and abundant resources available to do the business from here, were showcased by the Telangana Minister for Industries K.T.Rama Rao (KTR) at the Defence companies roundtable meeting organized by the Society of Indian Defence Manufacturers (SIDM) and the Confederation of Indian Industry (CII) at New Delhi on Monday.

see more..

ANMI submits proposal to CBDT for reforms in Union Budget 2023

28 Nov 2022 | 9:29 PM

Mumbai, Nov 28 (UNI) The Association of National Exchanges Members of India (ANMI), on behalf of its 900 stock-brokers of national exchanges, has submitted a proposal to Central Board of Direct Taxes chairperson Nitin Gupta recommending for the much-needed reforms in upcoming Union Budget 2023 for its positive impact on development of the Indian Capital Market.

see more..

Truefitt & Hill opens its barbershop in Thane

28 Nov 2022 | 8:37 PM

Mumbai, Nov 28 (UNI) Truefitt & Hill, the world’s oldest barbershop amongst British upper crust for almost over two centuries, has continued its illustrious legacy by bringing their luxury grooming experience for the first time to the neighbouring, historical suburb of Thane City, near Mumbai.

see more..

NHB's HPI up 7 4 pc YoY in Q2

28 Nov 2022 | 7:41 PM

New Delhi, Nov 28 (UNI) The National Housing Bank’s housing price index (HPI) recorded a 7.4 per cent year-on-year increase in the quarter ended September 30, 2022.

see more..
Nirmala Sitharaman concludes pre-budget meetings for forthcoming union budget

Nirmala Sitharaman concludes pre-budget meetings for forthcoming union budget

28 Nov 2022 | 5:54 PM

New Delhi, Nov 28 (UNI) Union Finance Minister Nirmala Sitharaman on Monday concluded pre-budget meetings for the forthcoming union budget 2023-24.

see more..