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123Greetings ships 0.28 M gifts in Q2-FY15; Revenues up 137%

123greetings

A massive 223% growth in ecommerce revenues led to revenues for 123Greetings.com more than doubling year on year, up 137% to Rs 122.63 crore. The company Reported its highest ever profit as a listed company, of Rs crore 4:15. For context, for the same quarter last year, the company Reported a profit of Rs crore 0:15. Traditionally, given that Q3 includes the festive season, it is the biggest quarter of the year.

Intrasoft-123greetings-Q3-FY15

 

Remember that Reviews These consolidated results include the results of the company’s wholly owned subsidiaries, 123Greetings.com Inc. (USA), 123Greetings Singapore and One Two Three Greetings (India) and 123Greetings primarily targets the US market.

Q3-FY15 Q3 was the biggest Intrasoft that has had so far.

Intrasoft-123greetings-Q3-FY15-Q3

Intrasoft set up a new company in the US for its Ecommerce operations, called 123Stores Inc. to carry out the E-Commerce operations. The company shipped 285.270 orders, up from 88.348 orders in the same quarter last year. Its biggest sales day was with 12,000 orders. It also Increased its product portfolio to around 0.2 million, up from 0.123 million. Intrasoft added 137 new vendors, taking the number of active vendors to 1018.

Intrasoft-123greetings-ecommerce-Q3-FY15

As per our calculations, 123Greetings shipped around 3102 orders per day, up from around 1322 per day the previous corresponding quarter. It’s worth noting that 123Greetings Also had appointed an undisclosed investment banker to source capital for its e-commerce business a couple of quarters ago.

Greetings business

Reported 123Greetings.com mobile app downloads of 0:45 million, up from 0:29 million last quarter. Note that this many not be indicative of active app usage. The number of mobile e-cards sent through Reviews their apps Increased to 0.5 million, up from 0:24 million last quarter.123Greetings Launched had its iOS and Android apps in Q3-FY14

123Greetings Connect & Invite service : The company has not Disclosed any details Relating to its studio, Invite and Connect features, or its user base. Last quarter, it had Disclosed 6005 invites that were sent through its invite service during the quarter .

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