Info Edge (India) Limited ( Naukri.com) has announced Fourth Quarter and FY 07-08 Results .Total Income for FY07-08at Rs. 2396.64 million is an increase of 63% over FY06-07.EBITDA at Rs. 842.04 million grew by 91% over FY06-07. The company witnessed significant improvement in EBITDA margin.
Info Edge achieved a profit before tax of Rs.786.14 million in FY07-08, a 99% growth over FY06-07. The company achieved a profit after tax of Rs. 554.87 million in FY07-08, a 105% growth over FY06-07.
Reinforcing its leadership position as the leader in the online business in the country, Info Edge (India) Limited today announced its annual financial results for the year ended March 31, 2008.
“We have been able to demonstrate significant operating leverage in the key recruitment segment through improvements at various ends of the value chain,” said Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Ltd.
“The company has turned in good results inspite of the volatile environment largely due to innovation in product technology and R&D. We expect the creation of new products and features to lead our growth strategy going forward”, said Sanjeev Bikhchandani, Co-Founder and CEO, Info Edge (India) Ltd.
The company registered an impressive increase of 105% in PAT for the 12-month period ending March 31, 2008 to Rs 554.87 million.
The company closed its financial year ending March 31, 2008 with a Total Income at Rs.2396.64 million and PAT at Rs. 554.87 million. For the quarter ended March 31, 2008 the company reported Total income of Rs 689.97 million & PAT of Rs 156.11 million.
Info Edge (India) Ltd (NSE: NAUKRI) is the largest and fastest growing internet company in India. With an assortment of great brands owned under one roof, Naukri.com – India’s no. 1 job site, Quadrangle- an offline executive search firm Jeevansathi.com – India’s fastest growing matrimonial portal, 99acres.com – India’s No.1 real estate portal and Naukri Gulf- its recent foray into the Middle East market. Info Edge also owns Asknaukri.com, India’s Career Guidance Website and Brijj.com, a professional networking site.
The company has been on a fast track growth and has ventured in to newer businesses and territories and attracted investments from leading venture capitalists. Formerly an ICICI Ventures investee, ‘Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures have also invested in the company. Info Edge raised Rs. 1,703 million by way of an IPO in the month of November 2006.
The company employs over 1500 people and operates through 61 offices in 41 cities in India and overseas offices in Dubai and Bahrain catering to the Middle East market.