Profit before tax declined 1.43% to Rs 75.6 crore in Q4 FY23 as compared with Rs 76.7 crore in same quarter last year.

EBITDA stood at Rs 66 crore in Q4 FY23, registering the growth of 15% as compared with Rs 57 crore recorded in Q4 FY22. The company continued making growth investments in manpower, product and technology, sales and servicing resulting into growth in revenue and paying subscription suppliers. EBITDA margin was at 19% in Q4 FY23.

Consolidated cash flow from operations for the quarter was at Rs 209 crore. Cash and investments balance stood at Rs 2,335 crore as on 31 March 2023.

IndiaMART registered traffic of 252 million and Unique business enquiries of 22 million in Q4 FY23. Supplier storefronts grew to 7.5 million, an increase of 6% YoY and paying subscription suppliers grew to 202,690 a net addition of 8,335 subscribers during the quarter.

Total headcount increased by 170 to 4,583 at the end of the quarter with focus on strengthening sales and servicing teams.

On full year basis, the company's consolidated net profit declined 4.64% to Rs 283.8 crore in FY23 as against Rs 297.6 crore in FY22. Net sales increased 30.78% year on year to Rs 985.4 crore in FY23 .

Dinesh Agarwal, chief executive officer, said, “We are happy to close the financial year with a continued growth in customers, revenue and cash flows while maintaining healthy margins in the business. We continue to invest in further strengthening our product, technology and building strong customer relationships. This remains integral to our long-term strategy to drive profitable growth and leverage our value proposition to create value for all our stakeholders.”

Meanwhile, the board recommended a final dividend of Rs 20 per equity share for FY23, subject to approval of shareholders. The record date for the same is fixed on Thursday, 11 May 2023.

Further the board has also recommended issuance of bonus shares to shareholders in the proportion of one equity share each fully paid up for every one exisiting equity share of Rs 10 each. The record date is fixed on Monday, 12 June 2023.

IndiaMART InterMESH is India's largest online B2B marketplace for business products and services. IndiaMART makes it easier to do business by connecting buyers and sellers across product categories and geographies in India through business enablement solutions. IndiaMART provides ease and convenience to the buyers by offering a wide assortment of products and a responsive seller base while offering lead generation, lead management and payment solutions to its sellers.

The scrip advanced 2.25% to Rs 5,364.15 on the BSE.