Info Edge (India) total sales up by 35.6% to Rs 631.23mn

Reinforcing its position as the pioneer and a leader in the online business in India, Info Edge (India) Limited today announced results for the quarter ended June 30, 2008. The company reported Net Profit after Tax of Rs. 129.73 million. Info Edge recorded Total income of Rs. 671.44 million compared to Rs. 519.63 million in the corresponding quarter last year (FY2007-08).  

On the results, Ambarish Raghuvanshi, CFO And Director, Info Edge (India) Ltd. said "The operating margins in the core recruiting business have expanded, thereby demonstrating operating leverage. Secondly, we have added more clients which positions us well to grow our business as clients' recruitment needs increase"

Financial Results:

q      Operating EBITDA at Rs. 167.29 million grew by 40.7% over the corresponding quarter of FY07-08. EBITDA margin reflects improved margins through operating leverage from operations.

q      The company achieved a profit after tax of Rs. 96.68 million from operations in Q1 of FY08-09, a 39.9% growth over the corresponding quarter of FY07-08. 

q       The Other Income has come down by 25.8% at Rs. 40.21 million from Rs. 54.19 million in corresponding quarter of FY07-08. This decline is primarily for the reason that about one third of the investment portfolio has been moved into longer maturities where returns will be accounted for in the next financial year.

Sourced From: Sampark Public Relations Pvt Ltd