Big Numbers for Info Edge in Q4, FY’11

Posted By: Religare
Subscribe to GoodReturns

Big Numbers for Info Edge in Q4, FY’11
Naukri.com owner, Info Edge India Ltd. announced its financial results for the quarter and the year ended March 31, 2011 on Thursday (i.e. on March 28, 2011).

The company posted a rise in net profit by 103.06% to Rs 26.89 crore for the fourth quarter, FY"11 against Rs 13.24 crore in the corresponding quarter last fiscal.

The operating income rose to Rs 81.87 crore compared to Rs 65.73 crore in the corresponding quarter registering a rise of 24.55%. The operating expenditure went up by 21.50% to Rs 53.07 crore against Rs 43.68 crore in the same quarter last fiscal. The company"s operating profit increased by 30.57% to Rs 28.80 crore compared to Rs 22.06 in the same quarter last fiscal.

The employee cost for the quarter increased by 31.33% to Rs 30.94 crore against Rs 23.56 crore in the corresponding quarter.

For the quarter under review, the interest burden was 0.02 crore compared to 0.01 crore whereas the tax expenses rose by 32.72% to Rs 12.77 crore. The operating margin increased by 163 basis points reaching 35.18% and the net profit margin by 1144 basis points to 29.90%.

For the year ended March 31, 2011.....

The company reported net profit of Rs 83.97 crore for the year 2010-11, 47.51% up compared to Rs 56.93 crore in the previous financial year. The company witnessed a rise in operating income in the year 2010-11 by 25.82% to Rs 294.01 crore against Rs 233.67 crore in 2009-10.

The operating expenditure grew by 18.29% to Rs 195.92 crore against Rs 165.63 crore in the last fiscal. The company"s operating profit increased by 44.15% to Rs 98.09 crore against Rs 68.05 crore in the last fiscal.

For the year under review, the interest charges increased by 42.22% to Rs 0.08 crore and the tax expenses rose by 25.94% to Rs 39.98 crore compared to the previous financial year. The employee cost for the year increased by 30.56% to Rs 113.71 crore against Rs 87.10 crore in the corresponding year.

During the year, the high profit margins were on the account of improvement in real estate and recruitment verticals. Recruitment solutions grew at 24% and real estate vertical grew by 72%. The online property portal 99Acres.com broke even this year and is expected to generate huge profits, a result of traffic increase year by year.

The scrip closed at Rs 730.55 on Thursday, 1.79% up from the previous close at BSE. It touched an intra-day high of Rs 737.80 and low of Rs 720.

Read more about: info edge india, bse, nse
Story first published: Tuesday, May 10, 2011, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC