Profit Surges 78% YoY To INR 99.6 Cr

April 30, 2024

, By INC42

Share via:

SUMMARY

IndiaMART InterMESH’s net profit in Q4 FY24 rose 23% on a QoQ basis from INR 81.9 Cr

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24

B2B marketplace indiamart InterMESH on Tuesday (April 30) reported an over 78% increase in its consolidated net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 99.6 Cr from INR 55.8 Cr in the year-ago quarter.

On a quarter-on-quarter (QoQ) basis, profit rose 23% from INR 81.9 Cr.

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23.

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24 (FY24).

(The story will be updated soon.)

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Groww Bags RBI Nod To Operate As a Payment Aggregator

Next News

Meta’s approach to election security in the frame as EU probes Fb, Instagram

Popular

More Like this

Profit Surges 78% YoY To INR 99.6 Cr

April 30, 2024

, By INC42

SUMMARY

IndiaMART InterMESH’s net profit in Q4 FY24 rose 23% on a QoQ basis from INR 81.9 Cr

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24

B2B marketplace indiamart InterMESH on Tuesday (April 30) reported an over 78% increase in its consolidated net profit for the quarter ended March 31, 2024 (Q4 FY24) at INR 99.6 Cr from INR 55.8 Cr in the year-ago quarter.

On a quarter-on-quarter (QoQ) basis, profit rose 23% from INR 81.9 Cr.

Operating revenue rose 17% to INR 314.7 Cr during the quarter under review from INR 268.8 in Q4 FY23.

The company’s board also approved a dividend of INR 20 per share for the financial year 2023-24 (FY24).

(The story will be updated soon.)

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

Previous News

Groww Bags RBI Nod To Operate As a Payment Aggregator

Next News

Meta’s approach to election security in the frame as EU probes Fb, Instagram

More like this

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!