Info Edge (India) Limited announces fourth quarter and FY 07-08 results

New Delhi, May 1 (ANI/Business Wire India): 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 and 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 and 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 and senior level hiring.

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

Total Income for FY 07-08 at 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

ANI