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  IndiaMART.com
half yearly profits up by 92% over last year
1
November, 2001: IndiaMART.com - India's only dotcom
company to have broken even and shown cash profits according to
the Business World-Netsense survey of dotcom profitability
conducted in May 2001 has further recorded a 92% rise in half
yearly profits with 61% growth in revenues (up from Rs 110.7 lakh
to Rs 177.9 lakh) over the same period last year. The EBDIT of the
company has gone up by 69.6% from Rs 13.9 lakh (audited) to Rs
34.7 lakh during the same period. One of the first portals
launched during the early phases of evolution of Internet in India
in 1996, IndiaMART not only has broken-even but also has shown
profits during all five years of its operations with an average
growth of 110% p.a.
Promoting Indian business globally through Internet, IndiaMART
operates in B2B and online travel services and solutions. "The
global recession has affected our clients engaged in international
trade and travel, who are now looking up to us to provide them
with newer business opportunities. We are delighted to see that
their trust in IndiaMART has further increased in the rough times.
We shall continue to offer innovative online business promotion
services and solutions for their business benefit",
comments Mr Dinesh Agarwal, CEO - Indiamart Intermesh Ltd. with
two soon to be launched offerings in the pipeline, one each for
the B2B and travel segments.
About IndiaMART.com
The marketplace generates its revenues through multiple sources
including development of online business catalogs, B2B auctions,
web-based advertising, co-branded promotion and marketing
campaigns and development of e-business and e-commerce solutions
for clients. Engaging 180 professionals, the company has its head
office in Delhi with three branches (Mumbai, Chennai and Lucknow)
and a nation-wide network of marketing franchisees at strategic
locations.
The marketplace generates more than one lakh business queries
every month through which its member businesses are estimated to
have conducted a business worth Rs 600 crores in the last
financial year alone. Already fetching over 6 million pageviews,
Indiamart.com offers an online 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 online trade between its visitors
and member businesses.
Reference URLs:
2. Half-Yearly (1
Apr-30 Sep 2001) Financial Results:
|
Half yearly results (1 Apr -
30 Sep)
(Rs Lakh) |
Annual Results
(Rs Lakh) |
| Particulars/financial
years |
2001 |
2000 |
1 Apr 2000 -
31 Mar 2001 |
| |
(Provisional) |
(Audited) |
(Audited) |
| Income
From Operations |
177.93 |
110.72 |
281.04 |
| Other
Income |
0.39 |
0.15 |
0.49 |
| Operating
Expenditure |
158.67 |
99.29 |
251.94 |
| Operating
Profit |
19.65 |
11.58 |
29.59 |
| Interest |
0.20 |
0.23 |
0.47 |
| Depreciation |
8.34 |
5.60 |
14.45 |
| Profit
Before Tax |
11.11 |
5.75 |
14.67 |
| Provision
For Taxation |
2.00 |
1.00 |
2.00 |
|
Profit After Tax |
9.11 |
4.75 |
12.67 |
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