IndiaMart reported a 48% year-on-year increase in consolidated net profit for the third quarter of FY25, reaching 121 crore rupees (US$$14.5 million).

This is up from 81.9 crore rupees (US$$9.8 million) in the same period last year, driven by revenue growth and improved earnings before EBITDA margins.

The company’s revenue from operations increased by 16% to 354.3 crore rupees (US$$42.5 million), compared to 305.3 crore rupees (US$$36.6 million) in Q3 FY24.

Sequentially, revenue grew slightly by 1.9% from 347.7 crore rupees (US$$41.7 million) in the previous quarter.

IndiaMart’s EBITDA rose by 61% year-on-year to 138 crore rupees (US$$16.6 million) for the December quarter.