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Press Release Info Edge Q2 Results
Press Release Info Edge Q2 Results
quarter ended Sep 30, 2014, Net Sales up by 20% and PAT down by 0.1%
Info Edge (India) raised around Rs. 750 crore through issue of
securities, by way of QIP.
Noida, Oct 16, 2014: Info Edge (India) Limited today announced results for the 2nd
quarter ended Sep 30, 2014.
The company reported PAT of Rs 33.2 crore for the quarter ended Sep 30,
2014 compared to Rs 33.3 crore for quarter ended Sep 30, 2013. Info Edge recorded
Net Sales of Rs 147.6 crore for the quarter Ended Sep 30, 2014 compared to Rs 123
crore in quarter Ended Sep 30, 2013.
Mr. Hitesh Oberoi, MD & CEO, said Growth in Naukri is sustaining and we expect it
to improve as the economy picks up. We continue to invest aggressively in the
99acres business to further strengthen our Market leadership position
Commenting on the results, Mr Chintan Thakkar, CFO said The QIP response was a
strong indication of investor confidence. It further strengthens our position in the
Indian internet space. This is further being reflected in growth in revenue
During the quarter, recruitment solutions grew by 18.8% while the real estate vertical
grew by 32.5% over the corresponding quarter in FY 2013-14.
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 startups. 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