ICICI Securities has released its earnings estimates for the Internet sector's third quarter performance, with IndiaMART expected to deliver strong financial results. The brokerage house projects significant growth across key financial metrics for the digital marketplace platform.

Financial Performance Projections

The earnings estimates indicate robust performance for IndiaMART's third quarter results. ICICI Securities expects the company to demonstrate strong profitability growth with substantial improvements in both annual and quarterly comparisons.

Revenue and Profitability Outlook

The revenue projections show steady growth momentum for IndiaMART, with net sales expected to reach ₹399.00 crore, representing a 12.6% year-on-year increase. The quarter-on-quarter revenue growth is projected at 2.0%, indicating consistent business performance. The significant jump in net profit, particularly the 86.7% quarter-on-quarter increase, suggests improved operational efficiency and margin expansion.

EBITDA Performance Analysis

Earnings before interest, tax, depreciation and amortisation are projected to grow modestly by 1.3% year-on-year to ₹140.10 crore. However, the quarter-on-quarter EBITDA growth of 8.0% indicates improving operational performance in the recent quarter. This metric reflects the company's ability to generate earnings from its core business operations in the competitive digital marketplace sector.

Internet Sector Estimates

These projections are part of ICICI Securities' broader coverage of the Internet sector for the third quarter period. The estimates reflect the brokerage's analysis of market conditions and company-specific factors affecting IndiaMART's business performance. The positive growth projections across multiple financial parameters suggest optimistic expectations for the company's quarterly results.

Global brokerage firm Jefferies has upgraded IndiaMart InterMesh to a 'Hold' rating, setting a target price of ₹2,100 per share. This rating revision represents a positive shift in the brokerage's assessment of the B2B marketplace platform.

Rating and Target Details

The upgrade to 'Hold' from a previous rating indicates Jefferies' improved confidence in IndiaMart InterMesh's business prospects. The target price of ₹2,100 provides investors with the brokerage's valuation benchmark for the stock.

Company Overview

IndiaMart InterMesh operates as one of India's leading B2B marketplace platforms, connecting buyers and suppliers across various industries. The company facilitates trade through its online platform, serving millions of registered users in the Indian market.

Investment Implications

The rating upgrade to 'Hold' suggests that Jefferies views the stock as fairly valued at current levels, with the ₹2,100 target price serving as a reference point for potential upside. This revision may influence investor sentiment and trading activity in the stock.

The brokerage's assessment reflects their analysis of IndiaMart InterMesh's market position and business fundamentals in India's evolving digital commerce landscape.