Shares of IndiaMART InterMESH tanked 8.4 per cent to Rs 8,055 during Friday s intra-day deals on the BSE on weak operational performance in March quarter of FY21. The B2B e-commerce firm s total income increased just 1 per cent to Rs 190 crore during the reported quarter from Rs 187 crore in the corresponding period of 2019-20. For the full fiscal of 2020-21, its total income grew by 7 per cent to Rs 756 crore from Rs 707 crore in the preceding fiscal. During these trying times, we remain committed to employee safety and customer centric approach helping businesses grow through on-line transformation, Indiamart Intermesh CEO Dinesh Agarwal said in a statement.
April 30, 2021 E-commerce marketplace IndiaMART InterMESH Ltd. saw a 42% YoY rise in traffic to 257 million in the quarter ended March 31, 2021. Total business enquiries delivered increased 29% to 150 million. Supplier storefronts grew to 6.5 million, increasing by 9%; paying subscription suppliers grew by 3% to 152,000. Operational Highlights Registered Buyers: 125 million, up 22.5% YoY, 57% repeat buyers Total Business Enquiries Delivered: 150 million, up 29% YoY Daily Business Enquiries Delivered: 96 million, up 33% YoY Monthly Business Enquiries Delivered: 50 million Buyer %: Metro Cities – 33%; Tier II Cities – 26%; Rest of India – 41% Paying subscription suppliers: Metro Cities – 57%; Tier II Cities – 27%; Rest of India – 16% Product listings: 72 million Top 10% paying subscription suppliers make up 41% of revenue Average Revenue Per Paying Customer: Rs 47,004, up 11% YoY
Startup news and updates: daily roundup (April 29, 2021) YourStory presents this daily roundup of the latest startup news and updates from the Indian startup ecosystem and beyond. Here s the roundup for Thursday, April 29, 2021. 0 claps The UN team in India is supporting the country s authorities to respond to the COVID-19 pandemic by providing critical supplies, and its agencies are procuring thousands of oxygen concentrators, oxygen generating plants, and other essential equipment as well as helping set up mobile hospital units, a spokesperson for the UN chief said. I know you ve been asking about our support to India during the current surge in COVID-19 cases, Deputy Spokesman for Secretary-General Antonio Guterres, Farhan Haq told reporters at the daily press briefing on Wednesday.
Indiamart acquires stake in Shipway Technology, Truckhall for about Rs 20 Cr The company has acquired 26 percent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 percent stake in Truckhall for Rs 1.33 crore. 0 claps Indiamart on Wednesday acquired stake in two companies, Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing. The company has acquired 26 percent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 percent stake in Truckhall for Rs 1.33 crore. According to the filing, Indiamart Intermesh, through its wholly-owned subsidiary Tradezeal Online will acquire 100 equity shares and 4,088 compulsorily convertible preference shares (CCPS) of Shipway Technologies.
The B2B company s consolidated net profit jumped 25.73% to Rs 55.70 crore on 5.64% rise in revenue from operations to Rs 179.70 crore in Q4 FY21 over Q4 FY20. Consolidated profit before tax (PBT) soared 45.75% to Rs 89.20 crore in Q4 March 2021 as against Rs 61.20 crore in Q4 March 2020. The Q4 earnings were announced post market hours today, 29 April 2021. On a consolidated basis, IndiaMart InterMesh recorded a 89.82% jump in net profit to Rs 279.80 crore in FY21 as against Rs 147.40 crore in FY20. Revenue from operations gained 4.80% to Rs 669.60 crore in FY21 over FY20. Meanwhile, the board recommended a final dividend of Rs 15 per equity share for the financial year ended 31 March 2021.
Indiamart acquires stake in Shipway Technology, Truckhall for about Rs 20 crore B2B e-commerce firm Indiamart on Wednesday acquired stake in two companies, Shipway Technology and Truckhall, for about Rs 20 crore to strengthen its technology offering in logistics management, according to a regulatory filing. The company has acquired 26 per cent stake in software company Shipway Technology for up to Rs 18.2 crore, and an additional 3.02 per cent stake in Truckhall for Rs 1.33 crore. According to the filing, Indiamart Intermesh through its wholly-owned subsidiary Tradezeal Online will acquire 100 equity shares and 4,088 compulsorily convertible preference shares (CCPS) of Shipway Technologies. The final aggregate shareholding of the company, post this investment, in the said entity would be 26 per cent of the share capital on a fully converted and diluted basis, the filing said.