Info Edge (India) Limited Announces Fourth Quarter and FY 07-08 Results

New Delhi, Delhi, India

Year Ended 31 March 2008

-- 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.

-- The company 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.

Financial Results

-- Total Income - Increased by 63% at Rs.2396.64 million as compared to FY06-07.

-- EBITDA at Rs. 842.04 million grew by 91% over FY06-07. EBITDA margin reflects improved industry fundamentals.

-- The company 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.

-- Total Expense -Increased by 49.5% to Rs. 1610.11 million as compared to the last year. The primary movers for the increase in the annual expense for FY 07-08 were

-- Staff cost increased by 51.5 % over the same period in the last financial year primarily due to additional head counts for new business lines & senior level hiring.

-- Advertising cost increased by 59.5% over the last financial year primarily due to increased spending on brand building for new & existing businesses.

About Info Edge (India) Ltd:

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.

To view the Audited financial results, please click on the link given below:

Audited financial results

Source: Info Edge (India) Limited (Business Wire India)

Press release presented here is sourced from the Source mentioned above and is provided on as-is basis. Please contact the Company / Source directly for any further information in regard to this release. This website will be unable to assist you in regard to the accuracy or correctness of information in this release.