September 08, 2026 09:17 am (IST)
Follow us:
Info Edge (India) announces reports 19 pct up Net Sales in Q1 FY16
New Delhi, July 27 (IBNS): Info Edge (India) Limited on Monday announced results for the 1st quarter ended June 30, 2015.
Info Edge recorded Net Sales of Rs 171.8 crore for the quarter ended June 30, 2015 compared to Rs 145 crore in quarter ended June 30, 2014, up 19%.
The company reported PAT of Rs. 28.7 crore for the quarter ended June 30, 2015 compared to Rs. 39.8 crore for quarter ended June 30, 2014.
Commenting on the results, Chintan Thakkar, CFO said, “The results validate that we are on track in executing the plan of building valuable internet properties with a right mix of growth in revenue and investment. The recruitment Solution segment continues to grow at a healthy rate of about 20% with the segment profit at 53%. 99acres has accelerated investments in the business and we are confident of continuing to lead in this space."
During the quarter, recruitment solutions grew by about 20% while the real estate vertical grew by 12% over the corresponding quarter in FY 2014-15.
The margins in recruitment solution segment is at about 53%. 99acres continuing investment in Product, Technology, Operation and Marketing has resulted in a loss of 34.75cr for the segment. The overall impact of this is that the PAT is 28.7 crore against previous year PAT of 39.8 crore.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Coal India sees sharp recovery in production, power-sector supplies as rainfall eases
Mon, Sep 07 2026
Adani Power Improves ESG Score to 66 in NSE Sustainability Assessment. What does it mean?
Mon, Sep 07 2026
Bajaj Broking launches its ChatGPT plugin to help users with AI-powered portfolio insights. Why is it needed?
Mon, Sep 07 2026
TCS’ HyperVault to establish large-scale AI data center campus in Telangana: Know all details
Sun, Sep 06 2026
Is This the Right Time to Lock Your Savings in an FCNR Deposit?
Sat, Sep 05 2026
Thales and Kalyani Strategic Systems Limited sign Strategic Alliance Agreement for 70-mm Rocket Systems
Fri, Sep 04 2026
Axis Bank and Scapia launch co-branded credit card for India's new generation of travellers
Fri, Sep 04 2026