Info Edge (India) Limited Announces Q3 FY15 Results for the Quarter Ended Dec 31, 2014

Quarter Ended on Dec 31, 2014                                                                  

- Net sales at Rs 145.7 crore up by 18% over the corresponding quarter in FY 2013-14

- Total Income at Rs 171.3 crore up by 29% over the corresponding quarter in FY 2013-14.

- PAT at Rs 38.6 crore in comparison to Rs. 32.2 crore, up by 20% over the corresponding quarter in FY 2013-14

Info Edge (India) Limited today announced results for the 3^rd quarter ended Dec 31, 2014.

The company reported PAT of Rs 38.6 crore for the quarter ended Dec 31, 2014 compared to Rs 32.2 crore for quarter ended Dec 31, 2013. Info Edge recorded Net Sales of Rs 145.7 crore for the quarter Ended Dec 31, 2014 compared to Rs 123.4 crore in quarter Ended Dec 31, 2013.

Commenting on the results, Mr Chintan Thakkar, CFO said, "The high teens growth rate in revenues of the core recruitment business in Q3 is in line with the previous quarters of the financial year and it reflects consistency, stability and inherent strength of our business. As a part of our stated strategy we have stepped up our investment in 99acres for a long term value creation in this vertical. However, as a result the overall operating EBITDA has declined by about 6 crores. This trend of higher investments in the operating expenses of 99acres is likely to continue for the coming quarters."

During the quarter, recruitment solutions grew by 19.1% while the real estate vertical grew by 20.5% over the corresponding quarter in FY 2013-14.

About Info Edge (India) Ltd:

Info Edge (India) Limited (NSE: NAUKRI) is among the leading internet companies in India. Info Edge runs leading internet businesses - Naukri.com - India’s no. 1 job site, Jeevansathi.com – one of the leading matrimonial portals, 99acres.com - India’s No.1 real estate portal and Shiksha.com – India’s leading education portal. The company also owns Quadrangle – an offline executive search business, and Naukri Gulf (a leading jobsite in the Middle East market).

Apart from this Info Edge has made significant strategic investments into emerging internet companies –meritnation.com, policybazaar.com, mydala.com, Canvera.com, happily unmarried.com and zomato.com

Info Edge has ventured into newer businesses & markets, invested in internet start-ups. The company has attracted a very high quality list of institutional shareholders. With its headquarters in Noida (NCR), the company employs over 3600 people and operates through 48 offices in 31 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain catering to the Middle East market