Info Edge (India) Limited announced results for the quarter ended September 30, 2009. The company reported a PAT of Rs. 147.36 mn compared to 156.72 mn for the corresponding quarter in FY08-09.
Info Edge recorded a Total Income of Rs 645.11 mn compared to Rs 723.18 mn in the corresponding quarter last year.
Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited said, ?The hiring environment continues to improve, albeit gradually. The drop in topline revenues and operating income reflects the changed scenario from the last year and is in line with expectations. However, the improvement is reflected in growth based on sequential quarter.?
EBITDA at 235.15 mn increased by 5% from 223.99 mn as compared to the corresponding quarter in FY 08-09. Jeevansathi business has reported a small EBITDA gain during the quarter. 99acres.com business continued to be in investment mode during the quarter however, the losses reduced. Other verticals apart from Naukri.com and Quadrangle (including 99acres.com, Jeevansathi.com) incurred a EBITDA loss of 33.21 mn as compared to 86.29 mn for the same quarter last year. Jeevansathi.com has achieved a growth in Revenues at 15.8%.
Total Expense including Interest & Depreciation decreased by 91.19 mn to Rs 425.51 mn compared to the corresponding quarter in FY 08-09.