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Info Edge (India) Limited Announces Financial Results for the Quarter ended Sep 30, 2015, Net Sales up by 18% , Total Income up by 22%

237 Days ago

Quarter Ended on Sep 30, 2015                                                        

-- Net sales at Rs. 174.1 crore up by 18% over the corresponding quarter in FY 2014-15.

-- Total Income at Rs. 193.6 crore up by 22% over the corresponding quarter in FY 2014-15.

-- PAT at Rs 33.9 crore in comparison to Rs. 33.2 crore, up by 2% over the corresponding quarter in FY 2014-15. Further the PAT increased by 18% over the quarter ended June 30, 2015

 

Info Edge (India) Limited today announced results for the quarter ended Sep 30, 2015.

 

Info Edge recorded Net Sales of Rs 174.1 crore for the quarter ended Sep 30, 2015 compared to Rs 147.6 crore in quarter ended Sep 30, 2014, up 18%. The company reported PAT of Rs. 33.9 crore for the quarter ended Sep 30, 2015 compared to Rs. 33.2 crore for quarter ended Sep 30, 2014.

 

Commenting on the results, Mr Chintan Thakkar, CFO said “55% EBITDA Margin and 20% Y-O-Y Sales growth in Recruitment Solution segment is very encouraging.  Naukri business provides an unmatchable advantage to invest, build and grow other internet businesses particularly 99acres.com. Overall as a company we are creating long term value by growing revenue and investing at the same time”

 

During the quarter, recruitment solutions grew by about 20% while the real estate vertical grew by 13% over the corresponding quarter in FY 2014-15. The margins in recruitment solution segment is at about 55%. 99acres continuing investment in Product, Technology, Operation and Marketing has resulted in EBITDA loss of 25.5cr for the segment.  The overall impact of this is that the PAT is 33.9 crore against previous year PAT of 33.2 crore

 

About Info Edge (India) Ltd

Info Edge (India) Limited (NSE: NAUKRI) is among the leading internet companies in India. Info Edge runs leading internet businesses - Naukri.com - India’s no. 1 job site, Jeevansathi.com – one of the leading matrimonial portals, 99acres.com - India’s No.1 real estate portal and Shiksha.com – India’s leading education portal. The company also owns Quadrangle – an offline executive search business, and Naukri Gulf (a leading jobsite in the Middle East market).

 

Apart from this Info Edge has made significant strategic investments into emerging internet companies – meritnation.compolicybazaar.commydala.com, Canvera.com, happily unmarried.com and zomato.com

 

Info Edge has ventured into newer businesses & markets, invested in internet start-ups. The company has attracted a very high quality list of institutional shareholders. With its headquarters in Noida (NCR), the company employs over 4100 people and operates through 48 offices in 31 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain catering to the Middle East market

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