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  IndiaMART.com
records 128% rise in profits over last year
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1. Unaudited Financial Results
for the year ending 31 March 2001 (Figures)
2. Summary of financial results of last three years
(1998-2001)
(Figures)
(Chart)
3. Revenue Break-up for the year 2000-2001
(Figures)
(Chart) |
8 May,
2001: IndiaMART.com- one of the first Indian portals
launched during the early phases of evolution of internet in India
in 1996 has recorded a 128% rise in profits and 112% growth in
revenues (up from Rs 135.5 lakh to Rs 287 lakh) over the last
year. The EBDIT of the of the company has gone up by 150% from Rs
13.9 lakh (audited) for the year 1999-2000 to Rs 34.7 lakh
(provisional) for 2000-2001. In today's scenario, when the dotcom
bubble is supposed to have burst, the organisation not only has
broken-even but also has shown profits during all five years of
its operations since 1996.
 Incidentally,
at the same time, the Business World-Netsense dotcom profitability
survey (Business World - May 14, 2001) found Indiamart as the only
profitable Indian dotcom from a cluster of 300 short-listed dotcom
companies surveyed. Indiamart was found to be the only dotcom
reporting positive cash flows along with consistant profit figures
amongst the 21 surviving dotcoms listed in the survey results.
"Our strategy of network expansion to reach larger SME
markets and offering multiple business services and solutions
thereby generating multiple revenue streams has done the trick for
us. We made it a point to run our business just like any other
conventional business and not to get carried away by the media
hype about dotcoms or the easy availability of VCs in the market.
We only held the ground strongly and kept a close eye on our costs
and revenues", informs Mr Dinesh Agarwal, CEO - Indiamart
Intermesh Limited.
The company generates its revenues through multiple sources
including development of online business catalogs, B2B auctions,
web-based advertising, cobranded promotion and marketing campaigns
and development of e-business and e-commerce solutions for
clients. Engaging 160 professionals, the company operates from its
head office in Delhi and a nation-wide network of three branches
(Mumbai, Chennai and Lucknow) and 24 marketing franchisees at
strategic locations.
IndiaMART online B2B marketplace attracts international buyers
looking for exporters, suppliers and manufacturers from India for
their business needs. The marketplace generates more than one lakh
B2B trade queries every month through which its member SME
businesses are estimated to have conducted a business worth Rs 600
crores in the last financial year alone. Already fetching close to
6 million pageviews, representing one of the highest figures in
the world in the B2B segment, Indiamart.com offers its visitors
online B2B directory with over 60,000 businesses listed under more
than 450 product/service categories. Visitors to Indiamart.com can
browse through over 1200 business catalogues and can interact
online with member businesses. The marketplace also offers a lot
of useful business information on key Indian industries,
interactive community tools and business support services to
facilitate B2B trade between its visitors and member businesses.
The company recently launched its B2B auction platform
http://auction.indiamart.com where member businesses can list
their inventory for global buyers to bid upon. IndiaMART has also
tied up with YourImporter.com - a conglomerate of large US based
importers to host their import requirements on a co-branded
platform http://quoteforum.indiamart.com inviting supply quotes
from Indian exporters listed with IndiaMART. The marketplace plans
to avail other business support services including logistics,
insurance services online to participating members through tie-ups
with leading companies.
Indiamart is confident of achieving at least 2,500 online
catalogues of member businesses on the portal by the end of the
year, making Indiamart.com the largest Indian B2B portal, not far
behind those largest in the world. The company further plans to
introduce ETO (Electronic Trade Offers) and RFQ/RFP (Request for
quote/Request for proposal) services to further facilitate online
B2B trade for its members.
Ref. URLs:
http://www.indiamart.com
http://www.intermesh.net
1.
Unaudited Financial Results for the year ending 31 March 2001:
| Particulars/financial
years |
First
3 Qtrs.*
(Apr1999-Dec1999) |
4th
Qtr.*
(Jan 2000-Mar2000) |
FY
1999-2000 |
FY
2000-2001 |
| |
(Audited) |
(Audited) |
Total |
(Provisional) |
| |
Rs
Lakh |
Rs
Lakh |
Rs
Lakh |
Rs
Lakh |
| Income
From Operations |
89.43 |
46.00 |
135.43 |
287.00 |
| Other
Income |
0.05 |
0.34 |
0.39 |
- |
| Operating
Expenditure |
81.75 |
40.18 |
121.93 |
252.29 |
| EBDIT |
7.73 |
6.16 |
13.89 |
34.71 |
| Interest |
0.59 |
0.15 |
0.74 |
0.71 |
| Depreciation |
3.96 |
2.07 |
6.03 |
19.00 |
| EBT |
3.18 |
3.94 |
7.12 |
15.00 |
| Provision
For Taxation |
0.86 |
0.13 |
0.99 |
1.00 |
|
PAT |
2.32 |
3.81 |
6.13 |
14.00 |
*Note:
Figures for the period Apr.98 to Dec.99 represent financial
results of M/s Intermesh Systems, thereafter converted into a
company as Indiamart Intermesh Limited w.e.f. 1.1.2000.
2. Summary of
financial results for last three years (1998-2001):
(Rs. lacs)
|
Particulars/financial years |
1998-99 |
Apr.99
to Dec.99 |
Jan00-Mar00 |
1999-2000 |
2000-01 |
| |
(Audited) |
(Audited) |
(Audited) |
Total |
(Provisional) |
| REVENUE |
57.48 |
89.43 |
46.00 |
135.43 |
287.00 |
| EBDIT |
4.50 |
7.73 |
6.16 |
13.89 |
35.00 |
| PAT |
1.98 |
2.32 |
3.81 |
6.12 |
14.00 |
3. Revenue
Break-up for the year 2000-2001
| Revenue
Stream |
(Rs.
Lacs) |
| Business
Catalogs |
205.61 |
| B2B
Auctions (launched in December 2000) |
0.48 |
| Web
Advertising |
35.86 |
| E-Business
Solutions |
24.21 |
| Co-branded
online promotion & marketing campaigns |
21.00 |
| TOTAL |
287.16 |
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