Revenue increased due to marginal improvement in realization of existing customers and increase in number of paying subscription suppliers. Consolidated deferred revenue declined from Rs 649 crore in Q3 FY20 to Rs 633 crore in Q3 FY21.

IndiaMART's consolidated profit before tax was Rs 106.5 crore in Q3 December 2020, up 100% from Rs 53.2 crore in the corresponding period last year.

Consolidated EBITDA jumped 100% to Rs 88 crore in Q3 December 2020 from Rs 44 crore in Q3 December 2019. The firm's EBITDA margin surged to 51% in Q3 December 2020 from 26% in Q3 December 2019, primarily driven by sustained as well as temporary benefits arising from various cost optimization initiatives. Consolidated EBIT was Rs 84 crore as compared to Rs 38 crore in Q3 FY20, representing a growth of 122% y-o-y. EBIT margin increased to 48% in Q3 FY21 from 23% in Q3 FY20.

On the operational front, IndiaMART registered a traffic growth of 35% YoY with 253 million in Q3 FY21 as compared to 188million in Q3 FY20. Total business enquiries delivered increased to 154 million from 112 million, a growth of 37%. Supplier Storefronts grew to 6.4 million in Q3 FY21, an increase of 9% YoY and paying subscription suppliers grew to 148 thousand, a growth of 5%.

Consolidated cash flow from operations for the quarter was at Rs 77 crore. Cash and investments balance stood at Rs 1,143 crore as on 31 December 2020 as compared to Rs 859 crore on 31 December 2019, an increase of 33% YoY.

IndiaMART InterMESH CEO, Dinesh Agarwal said with the emerging accelerated digitization needs of businesses, the company is looking forward to kickstart the new year on an optimistic note.

IndiaMART is India's largest online B2B marketplace for business products and services. The company makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions.