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IndiaMART
registers 63% growth in nine-month revenues; 73% in 3rd quarter
New
Delhi, 15th February 2006 - India's leading online B2B
marketplace, recorded a 63% growth (from Rs 760.40 lacs to Rs
1242.53 lacs) in cumulative revenues for 9 months ending 31 Dec
2005 compared to the corresponding period last year. The EBDIT
grew in the same proportion (63.7%) to gross at Rs 488.70 lacs as
against Rs 298.40 lacs last year. The PAT for the same period grew
by 65% (from Rs 292.20 lacs to Rs 176.26 lacs) over the last year.
The quarterly figures (Oct-Dec 05) showed a 73% growth in
revenues (from Rs. 280.65 Lacs to Rs. 486.65 Lacs) with a 75% rise
in EBDIT (from Rs 96.81 Lacs to Rs. 169.79 Lacs) and 45% growth in
PAT over the same period last year.
The increased revenues and profits were largely driven by a 50%
increase in the number of new clients building online catalogs at
the IndiaMART network, accompanied by a good deal of existing
customers upgrading to more comprehensive catalogs. Advertising on
the network, that account for 15-20% of the total earnings, also
witnessed a growth of 80%. IndiaMART, India’s largest online
B2B marketplace offers online business promotion and matchmaking
services to Indian businesses in global markets. The marketplace
also offers a host of online advertising opportunities, ecommerce
solutions, tenders, trade leads and email solutions.
“We are now working towards translating our success in
B2B from ‘India-to-world’ model to ‘world-to-world’
model. We are committed to continuously increase and improve our
offerings to our online visitors and clients”, said Mr.
Dinesh Agarwal, Founder & CEO of IndiaMART. He further added
that the ISO Certification attained by IndiaMART has certainly
enhanced its credibility, and has added pace to the company's
growth rate.
The IndiaMART network commands a visitor base of 8 million unique
business visitors globally that translate into 45 million
effective page-views on the portal every month. The network
generated a business worth approximately Rs. 5,000 crores for its
9,000+ clients and 3,00,000 member companies in the last financial
year.
A key milestone achieved during the last year was the launch of
ABCpayments, an online payment gateway service facilitating
authentic and secure online transactions between buyers and
sellers from across the globe. ABC Payments has tied up with
business partners like CITIBANK, ICICI, UTI, and Bank of Punjab,
HDFC and IDBI, to offer a single platform offering multiple online
payment options.
In line with its global strategy,
IndiaMART will soon announce some new services and strategic
alliances aimed at enriching its portfolio.
IndiaMART is looking forward to the next financial year
with optimism. This is in view of the initiatives undertaken in
the previous quarters in the area of new service offerings and
efficiency improvement.
IndiaMART
Milestones & its Valuable Firsts:
2005: Launched ABC Payments
2004: Became India’s first ISO certified B2B dotcom
company
2003: Started India's first B2B Business Verification
Service "TrustSEAL"
2002: Set up India's largest web-development centre in
Noida
2001: Won Encyclopedia Britannica Internet Award for
Indian Travel Portal
2001: Business World declared IndiaMART as the only
profitable dotcom in India
1999: Launched Indiangiftsportal for online gifts &
shopping 1997: Launched world's first e-portal dedicated to Indian
Handicraft
1997: Launched India's first e-commerce website for
Nirula's
1996: Created India’s first online B2B Directory to
promote Indian businesses globally
| Period |
Quarterly Results |
9 Month Results |
Annual Results |
| (1 Oct-31 Dec) |
(1 Apr-31 Dec) |
(1 Apr-31 Mar) |
| (Rs. Lacs) |
(Rs. Lacs) |
(Rs. Lacs) |
| Particulars/
Financial Years |
2005-06 |
2004-05 |
2005-06 |
2004-05 |
2004-2005 |
| Income From
Operations |
486.65 |
280.65 |
1242.53 |
760.4 |
1131.64 |
| Other Income |
0.03 |
0.69 |
0.08 |
1.65 |
5.12 |
| Operating
Expenditure |
316.89 |
184.53 |
753.91 |
463.65 |
767.34 |
| Operating
Profit |
169.79 |
96.81 |
488.7 |
298.4 |
369.42 |
| Interest |
0 |
0.19 |
0 |
0.57 |
0.76 |
| Depreciation |
38.34 |
34.61 |
111.5 |
103.83 |
138.44 |
| Profit Before
Tax |
131.45 |
62.01 |
377.2 |
194 |
230.22 |
| Provision For
Taxation |
50 |
5.91 |
85 |
17.74 |
23.65 |
| Profit After
Tax |
81.45 |
56.1 |
292.2 |
176.26 |
206.57 |
(Figures shown are for Web-services
business of IndiaMART InterMESH Limited)
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