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The digital marketing business of Ybrant Digital has reported a profit before tax of Rs 76.52 crore for the quarter ended March 31, 2014, as compared to Rs 89.3 crore loss in the same quarter last year. This was also a marginal increase from Rs 75.64 crore profit reported in the previous quarter.

The total digital marketing revenues also grew by 45% year-on-year (YoY) to Rs 297.98 crore for the quarter, from Rs 205.5 crore in the same quarter last year.

Digital marketing continues to be the largest contributor to Ybrant Digital’s revenues, accounting 73.03% of the company’s consolidated revenues for the quarter, which was at Rs 408.02 crore. This is an increase from 53.8% contribution in Q4-FY13 but down from 76.9% in the previous quarter.

For the year ended March 31, 2014, the segment profit grew more than four-fold to Rs 272.87 crore for FY14, from Rs 59.80 crore profit in FY13. The segment revenues also grew by 41.5% YoY to Rs 1,215.72 crore for FY14, from Rs 859.3 crore in FY13.

Business Highlights

– Last month, Ybrant Digital agreed to pick up a minority stake in the Israeli online recruitment company Jobookit through its Israeli subsidiary Ybrant Digital Israel for an undisclosed amount. In addition to this, the company has also inked an agreement to exclusively represent Jobookit and its affiliate websites as an online advertiser for the next 30 months.

– Ybrant Digital also launched a new mobile site “with more focus on traffic monetization and mobile apps”.

Software Development Business

The company’s software development business posted a loss before tax of Rs 27.66 crore for the quarter, an improvement from Rs 49.4 crore loss in the same quarter last year. The segment had posted a profit of Rs 13.93 crore in the previous quarter.

The total segment revenues however continues to decline: revenues of Rs 110.03 crore, down 37.7% from Rs 176.53 crore in the same quarter last year. On a sequential basis, it registered a marginal 2.85% growth from Rs 106.98 crore revenues in Q3-FY14.

For the year ended March 31, 2014, the segment profit declined to Rs 22.89 crore, from Rs 32.15 crore profit in FY13. The total segment revenues also declined significantly to Rs 457.65 crore, down 39.1% from Rs 751.75 crore revenues in FY13.

The contribution of software development to Ybrant Digital’s revenues dropped to 26.97% for the quarter, from 46.2% in the same quarter last year. The segment had accounted for 23.1% of Ybrant Digital’s revenues in the previous quarter.

Financials: Overall, Ybrant Digital posted a net profit of Rs 35.14 crore for the quarter, as compared to a net loss of Rs 119.18 crore in the same quarter last year. The total operational revenue was at Rs 408.02 crore, up from Rs 372.03 crore in the same quarter last year.

For the entire year FY14, the net profit increased four fold to Rs 220.95 crore, up from Rs 50.99 crore profit in the previous year. The operational revenue increased to Rs 1,673.4 crore from Rs 1,601.1 crore in FY13.

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