Comments
Info Edge (India) on Wednesday posted a consolidated loss of ₹62.1 crore for the quarter ended December 2019.
The company had posted consolidated profit of ₹330 crore in the year-ago period, Info Edge (India) Ltd said in a filing to BSE.
The consolidated income of the company, however, increased to ₹359.7 crore in the October-December period, over ₹323 crore in the year-ago period.
Commenting on the results, the company’s CFO Chintan Thakkar said, “We have witnessed yet another robust quarterly result containing double digit growth in all key matrices such as billing, revenue nd operating EBITDA on year-on-year basis. We continue to leverage our strong cash surplus position to invest in technology and branding.”
Info Edge (India) runs leading internet businesses Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com.
Shares of the company were trading at ₹2,984 apiece, down 0.44 per cent from the previous close on BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.