Pune: Info Edge (India) Limited today announced results for thequarter ended Sep 30, 2015.
Info Edge recorded Net Sales of Rs 174.1 crore for the quarter ended Sep 30, 2015 compared to Rs 147.6 crore in quarter ended Sep 30, 2014, up 18%. The company reported PAT of Rs.33.9 crore for the quarter ended Sep 30, 2015 compared to Rs.33.2 crore for quarter ended Sep 30, 2014.
Commenting on the results, Mr Chintan Thakkar, CFO said “55% EBITDA Margin and 20% Y-O-Y Sales growth in Recruitment Solution segment is very encouraging. Naukri business provides an unmatchable advantage to invest, build and grow other internet businesses particularly 99acres.com. Overall as a company we are creating long term value by growing revenue and investing at the same time”
During the quarter, recruitment solutions grew byabout 20% while the real estate vertical grew by 13% over the corresponding quarter in FY 2014-15.The margins in recruitment solution segment is at about 55%. 99acres continuing investment in Product, Technology, Operation and Marketing has resulted in EBITDA loss of 25.5cr for the segment. The overall impact of this is that the PAT is 33.9 crore against previous year PAT of 33.2 crore
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