Indiamart Intermesh falls despite its Q2 consolidated net profit spikes 95% to Rs 135.10 crore
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Indiamart Intermesh is currently trading at Rs. 2545.20, down by 472.40 points or 15.65% from its previous closing of Rs. 3017.60 on the BSE.
The scrip opened at Rs. 2919.95 and has touched a high and low of Rs. 2919.95 and Rs. 2461.00 respectively. So far 88400 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3198.95 on 30-Jul-2024 and a 52 week low of Rs. 2229.05 on 04-Jun-2024.
Last one week high and low of the scrip stood at Rs. 3129.85 and Rs. 2461.00 respectively. The current market cap of the company is Rs. 15614.97 crore.
The promoters holding in the company stood at 49.21%, while Institutions and Non-Institutions held 35.96% and 14.83% respectively.
Indiamart Intermesh has reported 53.20% rise in its net profit at Rs 127.00 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 82.90 crore for the same quarter in the previous year. Total income of the company increased by 25.84% at Rs 394.00 crore for Q2FY25 as compared to Rs 313.10 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 94.67% rise in net profit at Rs 135.10 crore for Q2FY25 as compared to Rs 69.40 crore for the same quarter in the previous year. Total income of the company increased by 25.48% at Rs 413.20 crore for Q2FY25 as compared to Rs 329.30 crore for the corresponding quarter previous year.
