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IndiaMART said revenues advanced on the back of an increase in the number of paying subscribers as well as higher realization from existing customers. Consolidated deferred revenue grew 17% to Rs 685 crore in Q4 March 2020 from Rs 586 crore in Q4 March 2019 leading to a much better visibility for future revenues.
The company said consolidated EBITDA stood at Rs 52 crore in Q4 March 2020, soaring 160% from Rs 20 crore posted in the same period last year. EBITDA margin expanded to 31% in Q4 March 2020 from 15% in Q4 March 2019 partly due to increase in revenues and adoption of IndAS 116.
Profit before Tax (PBT) rose 81.6% to Rs 61.20 crore in Q4 March 2020 from Rs 33.7 crore registered in Q4 March 2019.
IndiaMART said traffic grew to 180 million in Q4 March 2020 from 171 million in Q4 March 2019, an increase of 5% year on year. Total business enquiries delivered increased to 116 million in Q4 March 2020 from 112 million in Q4 March 2019, a growth of 3% year on year. Supplier storefronts grew to 6million in Q4 March 2020, an increase of 8% YoY and paying subscription suppliers grew to 147 thousand, a growth of 14%.
Commenting on company's performance, Dinesh Agarwal, chief executive officer, said: "I am happy to report closure of the financial year with a modest growth in revenues in these turbulent times. Our growth in cash flow from operations and deferred revenues remained subdued as the economy continued to face strong headwinds. While we expect short term decline in demand and business activity due to the ongoing turbulence, we believe our value proposition will only become stronger as more and more businesses look for transforming themselves and adapt to online. Our strong balance sheet and a resilient business model will help us to navigate through these tough times and emerge stronger and better."
IndiaMART is India's largest online B2B marketplace for business products and services. It is a platform that connects buyers and sellers across borders and time-zones through business solutions.
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