Info Edge registers net sales at Rs 145.7 cr Q3 FY15

The company reported PAT of Rs 38.6 crore for the quarter ended Dec 31, 2014 compared to Rs 32.2 crore for quarter ended Dec 31, 2013. 

 

Info Edge recorded Net Sales of Rs 145.7 crore for the quarter Ended Dec 31, 2014 compared to Rs 123.4 crore in quarter Ended Dec 31, 2013.

 

Commenting on the results, Chintan Thakkar, CFO said, "The high teens growth rate in revenues of the core recruitment business in Q3 is in line with the previous quarters of the financial year and it reflects consistency, stability and inherent strength of our business. As a part of our stated strategy we have stepped up our investment in 99acres for a long term value creation in this vertical. However, as a result the overall operating EBITDA has declined by about 6 crores. This trend of higher investments in the operating expenses of 99acres is likely to continue for the coming quarters."

 

During the quarter, recruitment solutions grew by 19.1% while the real estate vertical grew by 20.5% over the corresponding quarter in FY 2013-14.