Indiamart Intermesh Ltd share Price Today

Stock has undergone significant price/time correction. Price wise it corrected 2020 - 2021 rally by 80% followed by base formation. More importantly over past four months when market was in declining trend, Indiamart started rising and sustained above 10 weeks ema offering  favourable risk reward
 
In mid-April share price broke out of one year  rounding bottom bullish reversal patten above 5100 and made a sharp rebound after retesting breakout level post earnings
 
We expect the share price to resolve higher and head towards head towards 6350  as it is pattern implication of one year range breakout (5100-3800)
 
Among Oscillators, RSI is also breaking past 70 levels first time since February 2021 peak, validating positive bias

Internet Software & Services company IndiaMART InterMESH announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:
- Consolidated Revenue: Rs 315 crore, representing a 17% increase YoY.
- Standalone EBITDA: Rs 90 crore, equivalent to an EBITDA margin of 30%.
- Consolidated Cash Flow from Operations: Rs 260 crore for the quarter.
- Deferred Revenue: Reached Rs 1,440 crore, showcasing a growth of 24% YoY.

FY24 Financial Highlights:
- Consolidated Revenue: Rs 1,197 crore, marking a YoY growth of 21%.
- Standalone EBITDA: Rs 334 crore, achieving an EBITDA margin of 29%.
- Consolidated Cash Flow from Operations: amounted to Rs 559 crore for the full year.
- Dividend: The Board recommended a final dividend of Rs 20 per share. 

Operational Performance Q4FY24:
- Unique Business Enquiries: Tallied at 24 million, growing by 14% YoY.
- Supplier Storefronts: Stood at 7.9 million, a 5% increment YoY.
- Paying Suppliers: Numbered 214K, with a net addition of 3K subscribers for the quarter.

Commenting on the performance, Dinesh Agarwal, Chief Executive Officer, said: "We have closed the financial year with a steady growth in revenue, deferred revenue, profits and cash flows. Our focus remains on enabling more and more businesses to grow online by providing them a great product and customer experience. On the back of strong cash flow from operations and continued investments in further strengthening of our value proposition, we remain confident of sustained profitable growth amidst rising internet adoption amongst businesses."

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