Indiamart had reported a net profit of Rs 9 crore in the corresponding period a year ago.The stock fell 9.38% to hit a low of Rs 4,546.70 on BSE, before recovering most of the loss. The stock was still down 1.4% at Rs 4,949.50.The scrip had risen 6.4 % in a five-day rally till Monday. During the quarter, along with a rebound in monthly subscribers, the company was also able to upsell packages to its suppliers, resulting in an increase in ARPU levels.All traffic on the platform was organic in nature, and therefore, the company did not incurred any advertisement expenses.The company said its collections rose 73% sequentially and are now at 94% of pre-Covid levels said Motilal Oswal Securities.
