IndiaMART InterMESH Q3 Review - Higher Resilience In Margin Offers A Positive Outlook: Motilal Oswal
A person scrolls on a mobile phone while shopping online. (Photographer: Xaume Olleros/Bloomberg)

IndiaMART InterMESH Q3 Review - Higher Resilience In Margin Offers A Positive Outlook: Motilal Oswal

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.

Motilal Oswal Report

IndiaMART InterMESH Ltd. delivered strong operational performance during Q3 FY21, led by robust increase in paid suppliers (at 7k v/s their target range of ~5,000).

Collections were up 9% sequentially but flat on a YoY basis.

Margin showed great resilience, with the company reporting the highest ever Ebitda margin of 48.4% (v/s our estimate of 39.8%) on lower variable pay and stable employee count.

Click on the attachment to read the full report:

Motilal Oswal IndiaMart Q3FY21 Result 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 brokerage 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.