Q3 Results: IndiaMART and Vikram Solar Report Sharp Profit Jumps

• IndiaMART InterMESH and Vikram Solar announced their Q3 results after market close on Tuesday.
• Vikram Solar's profit surged over 5 times to ₹98 crore, up from ₹19 crore last year, with revenue growing 8% to ₹1,106 crore.
• Vikram Solar's EBITDA saw a 142% increase to ₹205 crore, and its EBITDA margin improved significantly to 18.5%.
• IndiaMART's net profit rose 55.6% to ₹188.3 crore, while revenue increased 13.4% to ₹401.6 crore.
• Despite profit growth, IndiaMART's EBITDA declined by 2.9% to ₹134.5 crore, and its EBITDA margin fell to 33.5%.

Why It Matters: IndiaMART and Vikram Solar posted strong Q3 profit growth, with Vikram Solar's profit increasing five-fold.