Money Control

Indiamart posts profit of Rs 31.4 cr in Q1

Business-to-business e-commerce firm Indiamart Intermesh posted a consolidated profit of Rs 31.4 crore for the quarter ended on June 30, 2019. The company had recorded a loss of Rs 56.7 crore in the same period a year ago.

The total consolidated income of Indiamart increased by 37.5 per cent to Rs 161.6 crore during the reported quarter from Rs 117.5 crore in the corresponding period of 2018-19.

“Consolidated revenue from operations grew by 30 per cent on YoY basis due to increase in…

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