Indiamart Intermesh Reports Strong Financial Results Amid Concerns Over Non-Operating Income Sustainability

Indiamart Intermesh, a midcap player in the IT software industry, has released its financial results for the quarter ending March 2025. The company reported a notable performance, with net sales reaching Rs 355.10 crore, marking the highest figure in the last five quarters and demonstrating consistent growth each quarter during this period. Additionally, the profit after tax (PAT) stood at Rs 180.60 crore, reflecting a significant increase of 53.8% compared to the average PAT of the previous four quarters, which was Rs 117.43 crore. This PAT figure is also the highest recorded in the last five quarters, indicating a positive near-term trend.
On the earnings front, the earnings per share (EPS) reached Rs 30.10, the highest in the last five quarters, showcasing the company's ability to generate higher earnings for its shareholders. However, it is important to note that non-operating income constituted 49.89% of profit before tax, with the quarterly figure at Rs 108.80 crore, which raises concerns about the sustainability of this income source.

In light of these developments, Indiamart Intermesh has experienced adjustments in its evaluation, reflecting the complexities of its financial landscape.

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