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Naukri and 99Acres drove InfoEdge’s growth in Q3FY19

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Internet company Info Edge has reported operational revenues of Rs 281 crore in the quarter ended December 31, 2018, which is an increase of 23.7% YoY from Rs 227 crore in Q3FY18. Revenues have also increased 5.8% over the preceding quarter. The company recorded net profits of Rs 74.3 crore this quarter, 39% higher than the profits of Rs 53.3 crore in the same quarter last year. Billings were Rs 272 crores, up 19% year-on-year Revenue was Rs 281 crores, up 24% year-on-year Operating expenses, excluding depreciation for the quarter, were at Rs 197.7 crores, up 33% year-on-year Operating EBITDA stood at Rs 83.3 crores versus Rs 78.8 crores last year, an increase of 6% year-on-year Operating EBTIDA margin for the quarter stood at 30% versus 35% in Q3 of last year EBITDA adjusted for ESOP non-cash charges stood at Rs 87.8 crores versus Rs 82.1 crores last year Adjusted EBITDA margin for the quarter stood at 31.2%, cash EBITDA for the quarter stood at 78.8 crores, down 5% year-on-year Deferred sales revenue stood at Rs 405 crores as of 31st of December 2018, versus Rs 333 crores as of 31st of December 2017, a growth of 21.5% Cash balance stands at Rs 1,868 crores as of 31st December 2018 versus Rs 1,878 crores as of September 30th 2018. In a call with investors, the company’s vice-chairman Sanjeev Bikhchandani, MD and CEO Hitesh Oberoi and CFO Chintan Thakkar addressed questions from analysts. Their responses have been arranged domain wise. General…

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I'm a MediaNama alumna from 2015-16 (remember TinyOwl?) now back to cover e-services like food and grocery delivery, app based transport and policies, platforms and media in India.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

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