2130 Investors following Info Edge. Share this News with them.

0

Like this story, share it with millions of investors on M3

Info Edge reports 123% rise in Net profit to Rs 116.41mn

Info Edge (India) Limited reports 123% rise in Net profit to Rs.116.41 for the quarter ended 30 June 2007

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Info Edge Q1 total income at Rs 52cr Info Edge is ranked 43rd among 100 best performing cos Info Edge reports 104% rise in FY06-07 PAT to Rs 270.67mn Info Edge India Q4 net profit at Rs 10cr ALSO READ See latest News about Info Edge See previous management interviews See what other Experts & Brokerages are saying about Info Edge Info Edge BSE | NSE 25/05/12 Are Mutual Funds betting on Info Edge?

• The company achieved a profit after tax of INR 116.41 million compared to INR 52.19 million in corresponding quarter in 2006, representing a sharp growth of 123% in profits.
• Total Income in Q1 of FY 07-08 at INR 520.01 million shows an increase of 77% over corresponding quarter in 2006.
• EBITDA at INR 173.05 million grew 98% over corresponding quarter in 2006.

Reinforcing its position as the pioneer in the online business in the country, Info Edge (India) Limited today announced results for the quarter ended June 30, 2007. The company reported Net Profit after Tax of Rs.116.41 million compared to 52.19 million for the corresponding quarter in 2006. Info Edge recorded Total income of Rs. 520.01 million compared to Rs. 293.23 million in the corresponding quarter last year. 

Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited said, "Info Edge had a good quarter led by Naukri.com which continued to grow. However, a large increase in bottomline attributed to the other income which grew based on a higher treasury corpus through no proceeds. This will stabilize in the medium term as interest rates moderate. The company continues to invest in its new businesses - Jeevansathi.com and 99acres.com."

Financial Results:

·   Total Income - Increased by 77% at Rs.520.01 million as compared to Q1 of Financial Year 06-07.

·  EBITDA - Increased by 98% at Rs. 173.05 million as compared to the corresponding quarter in 2006. The new businesses Jeevansathi.com and 99acres.com continue to be in investment mode incurring losses.

·  Total Expense -Increased by 69% to Rs.346.96 million as compared to the corresponding quarter last year. 

Sourced From: Sampark Public Relations Pvt Ltd