Indiamart shares plunge 14% today as Q3 net profit declines
- Indiamart Intermesh Q3 revenue grew 8.3% to ₹188 crore as compared to ₹173.6 crore in the year-ago period
Shares of B2B e-commerce firm Indiamart Intermesh plunged over 14% to ₹5,029 apiece on the BSE in Tuesday's deals after the company posted a 12.4% decline in consolidated net profit to ₹70 crore in the December 2021 quarter. The company had registered a net profit of ₹80.2 crore in the corresponding period of the last fiscal.
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