Info Edge (India) Limited today announced results for the quarter ended Sep 30, 2019.
Quarter Ended on Sep 30, 20l9
- Billing at Rs. 300.5 crore, up by 15.3% over the corresponding quarter in FY 2018-19.
- Net sales (Revenue) at Rs. 316.6 crore, up by 19.5% over the corresponding quarter in FY 2018-19.
- Total Income at Rs. 339.8 crore, up by 16.2% over tl1e corresponding quarter in FY 2018-19.
- Operating EBITDA at Rs. 99.3 crore, up by 20.3% over the corresponding quaiter in FY:1018-19.
Info Edge recorded Billing of Rs. 300.5 crore for the quarter ended Sep 30, 2019 compared to Rs. 260.7 crore in quarter ended Sep 30, 2018, up by 15.3%. Net Sales (Revenue) of Rs. 316.6 crore for the quarter ended Sep 30, 2019 compared to Rs. 265.0 crore in quarter ended Sep 30, 2018, up by 19.5%. The deferred sales revenue (amount collected in advance) as at Sep 30, 2019 is Rs. 480.7 crore, up by 15.9% over the quarter ended Sep 30th 2018. Operating EBITDA has increased by 20.3% from Rs. 82.5 crore (Q2, FY 2018-19) to Rs. 99.3 crore. The company reported PBT (before exceptional item) of Rs. 110.7 crore for the qua1ter ended Sep 30, 2019 compared to Rs. 104.8 crore for quarter ended Sep 30, 2018.
Commenting on tbe results, Mr. Chinlan Thakkar, CFO said "We continue to witness strong quarterly operational performance in terms of billing, revenue, total income and operating EBITDA growth, which are in high teens on YoY basis, supported by 99acres which grew over 20% in terms of billing & revenue during the quarter on YOY basis. We continue to leverage our strong cash surplus position to invest in technology and branding."
Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.2564.45 as compared to the previous close of Rs. 2513. The total number of shares traded during the day was 42714 in over 9690 trades.
The stock hit an intraday high of Rs. 2637 and intraday low of 2526.9. The net turnover during the day was Rs. 110452140.