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IndiaMART InterMESH Limited Second Quarter ending September 30, 2023 – Results Press Release: IndiaMART reported consolidated Revenue from Operations of Rs. 295 Crore in Q2 FY24, a growth of 22% YoY. Standalone Revenue from Operations of IndiaMART grew by 23% YOY to Rs. 281 Crore, primarily driven by 12 % growth in number of paying subscription suppliers as compared to last year. Revenue from operations of Busy Infotech grew by 24% YoY to Rs. 13 Crore. Consolidated Deferred Revenue increased by 26% YoY to Rs. 1,244 Crore as on September 30, 2023.
Empowering MSMEs: IndiaMART Clinches Prestigious ET MSME Award 2023 for Tech & Innovation: In a moment of pride and accomplishment, we are thrilled to announce that we were honored with the MSME Enabler Award for Tech & Innovation at the esteemed ET MSME Awards 2023 held yesterday. This recognition is a testament to our unwavering commitment to supporting Micro, Small, and Medium Enterprises (MSMEs) on their transformative tech and innovation journeys.