External broker reports(aggregated public sources), Axis Direct

Axis Direct

External broker reports(aggregated public sources)

Axis Direct is the flagship brand under Axis Securities Limited, a subsidiary of Axis Bank in India. 

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Equity Bottom-Up

<ul><li>Indiamart Intermesh Ltd. (Indiamart) reported revenue of Rs 315 Cr in Q4FY24, up 3% QoQ and 17% YoY, which stood below our expectations.</li><li>The company’s operating profit stood at Rs 76 Cr, reporting a de-growth of 2% on a QoQ basis, which was led by other operating costs during the quarter.</li><li>Its operating margins declined by 126bps to 24%, largely driven by higher employee and other operating expenses. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd. (Indiamart) reported revenue of Rs 315 Cr in Q4FY24, up 3% QoQ and 17% YoY, which stood below our expectations.The company’s operating profit stood at Rs 76 Cr, reporting a de-growth of 2% on a QoQ basis, which was led by other operating costs during the quarter.Its operating margins declined by 126bps to 24%, largely driven by higher employee and other operating expenses. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd. - Slowing Down Customer Additions

<ul><li>Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 305 Cr in Q3FY24, up 4% QoQ and 21% YoY, which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 77 Cr, reporting a growth of 7% on a QoQ basis, which was led by lower employee costs during the quarter.</li><li>Its operating margins improved by 89bps to 25%, largely driven by moderated employee expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 305 Cr in Q3FY24, up 4% QoQ and 21% YoY, which stood in line with our expectations.The company’s operating profit stood at Rs 77 Cr, reporting a growth of 7% on a QoQ basis, which was led by lower employee costs during the quarter.Its operating margins improved by 89bps to 25%, largely driven by moderated employee expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd. - Inline Result; Slowing Down Customer Additions

<ul><li>Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 295 Cr in Q2FY24, up 5% QoQ and 23% YoY, which stood in line with our expectations.</li><li>The company’s operating profit stood at Rs 80 Cr, reporting a growth of 15% on a QoQ basis, which was led by lower employee costs during the quarter.</li><li>Its operating margins improved by 240bps to 27%, largely driven by moderated employee expenses.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 295 Cr in Q2FY24, up 5% QoQ and 23% YoY, which stood in line with our expectations.The company’s operating profit stood at Rs 80 Cr, reporting a growth of 15% on a QoQ basis, which was led by lower employee costs during the quarter.Its operating margins improved by 240bps to 27%, largely driven by moderated employee expenses.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd - Robust Result; Market Share Gain Continues

<ul><li>Indiamart provides online B2B marketplace for business products and services.</li><li>It makes it easier to do business by connecting buyers (Indian small and medium enterprises SMEs, and large corporate) and sellers across product categories and geographies in India through business enablement solutions.</li><li>It 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.</li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart provides online B2B marketplace for business products and services.It makes it easier to do business by connecting buyers (Indian small and medium enterprises SMEs, and large corporate) and sellers across product categories and geographies in India through business enablement solutions.It 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.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pick of the Week - Indiamart Intermesh Ltd - 31 JULY 2023

<ul><li>Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 282 Cr in Q1FY24, up 5% QoQ and 26% YoY, which stood above our expectations.</li><li>The company’s operating profit stood at Rs 84 Cr, reporting a growth of 20% on a QoQ basis, which was led by lower employee costs during the quarter.</li><li>Its operating margins improved by 200bps to 27%, largely driven by moderated employee expenses. </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 282 Cr in Q1FY24, up 5% QoQ and 26% YoY, which stood above our expectations.The company’s operating profit stood at Rs 84 Cr, reporting a growth of 20% on a QoQ basis, which was led by lower employee costs during the quarter.Its operating margins improved by 200bps to 27%, largely driven by moderated employee expenses. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Indiamart Intermesh Ltd. - Robust Result; Market Share Gain Continues

India

IndiaMart InterMesh Limited operates as an e-commerce company. The Company offers air coolers, tower fans, washing machines, mixer grinders, barcode printers, steel pipes, tubes, water tanks, roofing supplies, mobile phones, computers, automobile parts, and machine tools. IndiaMart Intermesh markets its products in India

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IndiaMart (INMART IN)

Indiamart Intermesh Ltd. - Slowing Down Customer Additions

Indiamart Intermesh Ltd. (Indiamart) reported revenue of Rs 315 Cr in Q4FY24, up 3% QoQ and 17% YoY, which stood below our expectations.

Axis Direct

Indiamart Intermesh Ltd. - Inline Result; Slowing Down Customer Additions

Indiamart Intermesh Ltd (Indiamart) reported revenue of Rs 305 Cr in Q3FY24, up 4% QoQ and 21% YoY, which stood in line with our expectations

Axis Direct

Pick of the Week - Indiamart Intermesh Ltd - 31 JULY 2023

It makes it easier to do business by connecting buyers (Indian small and medium enterprises SMEs, and large corporate) and sellers across product...

Axis Direct

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