IndiaMART Faces Market Reaction: Share Price Drops Following Q2 FY 24-25 Earnings Release
Current quarter (Sep 2024) revenue are 348.00 crore which is 331.00 crore more than last quarter (Jun 2024) revenue. , However, compared to last year’s quarter revenue it is greater than Sep 2023 revenue of 295.00 crore.
Current quarter (Sep 2024) Net Profit is 135.00 crore which is 114.00 crore more than last quarter (Jun 2024) Net Profit. , However, compared to last year’s quarter net profit it is greater than Sep 2023 net profit of 69.00 crore.
Today, the Indian stock market reacted on the Q2 result of INDIAMART, shares dropped more than 17.25 % at 12.52 pm after brokerages like Jefferies downgraded the share price to Rs. Rs. 2540. The international brokerage noted that while the company delivered Q2 results that met expectations, the weak subscriber growth led to a significant slowdown in collections, which grew only 5% year-on-year—a key concern arising from the quarter