IndiaMART Q2 Review - Strong Collections To Drive Faster Recovery: 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 in line revenue and margin performance in Q2 FY22. Paid suppliers increased by 4,000 (+3% QoQ and 6% YoY), while ARPU dipped by 2.6% QoQ due to a higher share of suppliers within a lower value package.  Collections surged by 31% QoQ and 37% YoY, providing visibility on its near term revenue performance. We expect collections to continue to trend higher in coming quarters. Deferred revenue is up 4% QoQ and 20% YoY, which provides better visibility on FY23 revenue.Margin was in line, with Ebitda margin at 45.6% (est. 45.6%). Sequentially, margin dipped by 320bp on account of higher employee cost.The management expects paid suppliers to accelerate, led by higher sales traction and lower customer churn. Management expects ARPU and revenues to sustainably grow at 5% and 20-30% respectively..Click on the attachment to read the full report:.DISCLAIMERThis 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.

IndiaMART Q2 Review - Strong Collections To Drive Faster Recovery: Motilal Oswal

IndiaMART Q2 Review - Strong Collections To Drive Faster Recovery: Motilal Oswal

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