Pune, July 25, 2016: Info Edge (India) Limited today announced results for the quarter ended June 30, 2016. Info Edge recorded Net Sales of Rs 201.4 crore for the quarter ended June 30, 2016
compared to Rs 171.7 crore in quarter ended June 30, 2015, up 17%. The company reported PAT (before Exceptional Item) of Rs. 47.4 crore for the quarter ended June, 30 2016 compared to Rs. 28.7 crore for quarter ended June 30, 2015.
Commenting on the results, Mr Chintan Thakkar, CFO said “We are pleased with a very healthy growth of operating EBITDA by 136% YoY and operating EBITDA margin change from 14% to 28% on YoY basis. The growth is led by increase in revenue by 17.3% YoY and operational efficiencies, particularly in the area of marketing spend. Naukri continues to grow from strength to strength and has a 75% traffic share of the Jobportals market , as for 99acres , the environment in the real estate market continues to be tough but losses in 99acres were moderated compared to last year due to lesser competition”.
During the quarter, recruitment solutions grew by about 17.1% while the real estate vertical up by 16.5% over the corresponding quarter in FY 2015-16.
The above financial results and details are as per previous Indian GAAP. However beginning April 1, 2016, the Company has adopted Ind AS, the new accounting standards, for the first time with a transition date of April 1, 2015 as per SEBI circular dated July 5, 2016. The Ind AS compliant unaudited financial results for the quarter ended June 30, 2016 have been released to Stock Exchanges. Further the relevant details are made available at the corporate website www.infoedge.in the environment in the real estate market continues to be tough but losses in 99acres moderated
substantially compared to last year due to less competition.
Naukri continues to grow from strength to strength and now has a 74pc share of the JobBoard market.
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