Indiamart Intermesh zooms on reporting 78% rise in Q1 consolidated net profit
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Indiamart Intermesh is currently trading at Rs. 3138.00, up by 238.70 points or 8.23% from its previous closing of Rs. 2899.30 on the BSE.
The scrip opened at Rs. 3100.00 and has touched a high and low of Rs. 3149.30 and Rs. 2940.45 respectively. So far 71430 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3149.30 on 21-July-2023 and a 52 week low of Rs. 1965.00 on 25-Jul-2022.
Last one week high and low of the scrip stood at Rs. 3149.30 and Rs. 2827.00 respectively. The current market cap of the company is Rs. 19110.54 crore.
The promoters holding in the company stood at 49.22%, while Institutions and Non-Institutions held 32.33% and 18.46% respectively.
Indiamart Intermesh has reported results for first quarter ended June 30, 2023 (Q1FY24). Indiamart Intermesh has reported 94.89% rise in its net profit at Rs 95.30 crore for the quarter under review as compared to Rs 48.90 crore for the same quarter in the previous year. Total income of the company increased by 52.56% at Rs 321.30 crore for Q1FY24 as compared Rs 210.60 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 77.94% rise in its net profit at Rs 83.10 crore for the quarter ended June 30, 2023 as compared to Rs 46.70 crore for the same quarter in the previous year. Total income of the company increased by 50.35% at Rs 339.20 crore for Q1FY24 as compared Rs 225.60 crore for the corresponding quarter previous year.
