The jump in profit was primarily driven by a sharp increase in other income, which rose to ₹109 crore from ₹44.9 crore in the previous quarter.
Revenue remained largely flat sequentially at ₹355 crore versus ₹354.3 crore.
Operating performance saw a decline, with EBITDA falling 5.7% QoQ to ₹130.4 crore from ₹138.3 crore. The EBITDA margin narrowed to 36.7% from 39% in the December quarter.
The board of directors has recommended a final dividend of ₹30 per share for FY25 and an additional special dividend of ₹20 per share, bringing the total dividend to ₹50 per share—the highest payout in the company’s history.
On a year-on-year basis, net profit surged 81.3% from ₹99.6 crore, revenue rose 12.8% from ₹314.7 crore. Busy Infotech, its accounting software subsidiary, contributed ₹18 crore, registering a 28% YoY growth to the company’s revenue.
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EBITDA jumped 47.5% from ₹88.4 crore in year ago period, while margins also improved YoY to 36.7% from 28.1%.
Ahead of the earnings announcement, shares of IndiaMART ended 4.28% higher at ₹2,331.10 apiece on the BSE.
