Info Edge Net Sales up 26.4%
Info Edge (India) Limited, one of the largest internet companies in India, on Thursday announced results for the year ended March 31, 2011, where its Net Sales went up 26.4%.
The company reported PAT of Rs 839.7 mn (including an exceptional post tax income of Rs 37 mn on account of sales of shares of a listed company) compared to 569.3 mn for year ended March 31, 2010.
Info Edge recorded Net Sales of Rs 2936.2 mn compared to Rs 2322.2 mn year ended March 31, 2010.
Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited said, ?There is a significant increase in Net Sales and margin indicates as a result of an improvement in the recruitment and real estate segments and in the competitive position. This augurs well in a continued robust economy.?
During the year recruitment solutions grew at 24.1% while the real estate vertical grew by 71.9%. In the year the real estate vertical broke even and made a small profit of Rs 3.9 million.
Losses at the EBITDA level from Other Verticals were at Rs 120 million compared to Rs 136.8 million in the year before.
Highlights:
Year Ended on Mar 31, 2011
? Net sales was at Rs 2936 mn up by 26.4% over the year before
? Operating EBITDA was at Rs 977.0 mn up by 46.7% over the year before
? Operating PAT was at Rs 595.5 mn up by 51.3% over the year before
? Total Income for FY 10-11 was at Rs 3218.9 mn up by 21.8% over the year before
? EBITDA for FY 10-11 was at Rs 1259.7 mn up by 27.7% over the year before
? EPS up at Rs 15.38 up by 47% over the year before
Quarter Ended on Mar 31, 2011
? Net Sales was at Rs 814.7 mn up by 24.8% over the corresponding quarter in the last year
? Operating EBITDA was at Rs 284.1 mn up by 31.6% over the corresponding quarter in the last year
? Operating PAT was at Rs 167.1 mn up by 30.6% over the corresponding quarter in the last year
? Total Income for FY 10-11 was at Rs 899.3 mn up by 25.4% over the corresponding quarter in the last year
? EBITDA for FY 10-11 was at Rs 368.6 mn up by 31.4% over the corresponding quarter in the last year