BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
IndiaMART InterMesh Ltd. posted a strong operational performance in Q2, primarily led by a quicker-than-anticipated rebound in paid suppliers.
Collections were up 73% sequentially, reaching 94% of pre-Covid-19 levels.
The company also showed great resilience in margins, curtailing its operating cost to Rs 815 million, versus an average quarterly run-rate of approximately Rs 1.2 billion.
This led to Ebit margins of 47%, versus 23% in FY20.
While we concur that margins are not sustainable at current levels, overall the company would see benefit from cost optimization and operating leverage.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
