It attributed this growth to "marginal improvement in realisation of existing customers and increase in number of paying subscription suppliers".
Indiamart Intermesh Chief Executive Officer Dinesh Agarwal said, "We are pleased to report a resilient financial performance this quarter with steady recovery in the business parameters while maintaining healthy margins and cashflows."
He added that the firm sees improvement in overall demand environment and business activity. "Our strong value proposition, customer relationships and balance sheet make us confident of supporting businesses in their transformation to online."
He added that with the emerging accelerated digitisation needs of businesses, the company is looking forward to kick-starting the new year on an optimistic note.
The company said its consolidated deferred revenue declined from Rs 649 crore in the third quarter of FY20 to Rs 633 crore in the December quarter of FY21.
On a sequential basis, the net profit was higher by 15 per cent from Rs 70 crore, while revenue was higher by 6 per cent from Rs 163 crore in the September 2020 quarter.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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