Q3 2025 Indiamart Intermesh Ltd Earnings Call Transcript
Key Points
- IndiaMART InterMESH Ltd (BOM:542726) reported a consolidated revenue from operations of INR354 crore for Q3 FY2025, marking a year-on-year growth of 16%.
- Collections from customers increased by 10% year-on-year to INR363 crore on a consolidated basis.
- Deferred revenue grew by 17% to INR1,492 crore, indicating strong future revenue potential.
- Unique business inquiries rose to 27 million, reflecting a year-on-year growth of about 17%.
- The company has strengthened its leadership team by onboarding Mr. Saurabh Deep Singla as the new CHRO, which could enhance strategic human resource management.
- The total number of paying suppliers decreased by 3,500 to 214,000, primarily due to a focus on onboarding higher quality businesses and fewer working days during the festive season.
- The company is experiencing elevated churn rates, particularly in the silver category, which has been a persistent issue over the last five to six quarters.
- Collection growth remained below 10%, with guidance suggesting it may continue to be less than 10% in the near term.
- There are ongoing execution challenges impacting collection growth, despite various initiatives to improve churn and customer engagement.
- The company has consciously reduced investment in sales and marketing, which may impact future customer acquisition and growth.
Good evening, ladies and gentlemen, I am Avijit Vikram, Head of Investor Relations. On behalf of IndiaMART InterMESH Limited. I welcome you all to the company's quarter three FY2025 earnings webinar.
(Event Instructions) Joining us today from the management side, we have Mr. Dinesh Agarwal, Chief Executive Officer, Mr. Brijesh Agrawal, whole time director, Mr. Jitin Diwan, Chief Financial Officer; and Mr. Prateek Chandra, Chief Strategy Officer.
Before we begin, I would like to remind you that some of the statements made in today's conference call may be forward-looking in nature and may involve risk and uncertainties. Kindly refer to slide number three of the earnings presentation for the detailed disclaimer. Now, I would like to hand over the call to Mr. Dinesh Agarwal for his opening remarks. Thank you and over to you, sir.
Good evening everybody, and
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