Hope to continue topline, bottomline growth: Info Edge

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Info Edge India has come out with fourth quarter results of FY07. The company has reported a net profit of Rs 10 crore (Rs 100 million) versus Rs 8 crore (Rs 80 million) in the previous quarter. 

 

Sanjeev Bikhchandani, Chief Executive Officer and Co-Founder of Info Edge (India) says that by looking at the individual business performances, he found that all the three made robust growth across all businesses.

 

Excerpts from exclusive interview with Sanjeev Bikhchandani:

 

Q: There seems to be another income component in your numbers?

 

A: That's the income from the IPO proceeds. So that's not significant.

 

Q: Could you walk us through the individual performance 99 acres, Jeevan Sathi and Naukri.com for the quarter and the year?

 

A: We are not disclosing numbers by each business. What we are probably disclosing right now is Rs 139 crore net income, net sales and Rs 27 crore profit after tax, including other income. If you look at the individual business performances we have robust growth across all businesses. Both 99 acres and Jeevan Sathi continue to be in investment mode, where we are losing money. However, we expect the next 12-24 months to bring a turnaround and to break even then. But recruitment remains in excess of 88% of our total company turnover.

 

Q: What have you done at the operating level for quarter and year in terms of margins picture?

 

A: If you look at the operating levels, we have got a net profit of Rs 27 crore in which other If you look at other income, you can remove from there also. Our EBITDA margin is around the 30% range.

 

Q: Couple of details on your ad revenue, your client details and also the subscriber revenues for each of your properties?

 

A: Naukri, which is our flagship business, has grown substantially. We are not disclosing numbers separately for 99 acres and Jeevan Sathi but they are robust.

 

Q: How are you expecting to close 2008 in terms of sales and profits?

 

A: We are not giving guidance at the moment, because predictability in our business is poor in addition to which, we are still investing into new businesses. We feel that we are unable to give accurate guidances but we expect to remain a fast growing company both in topline and bottomline basis.