Published on 13/08/2019 4:50:03 PM | Source: Dion Global Solutions Ltd

Info Edge (India) Q1 net profit up 5.94% at Rs 66.74 cr

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The company reported standalone net profit of Rs 66.74 crore for the quarter ended June 30, 2019 as compared to Rs 63.00 crore in the same period last year, registering a year-on-year growth of 5.94 per cent. Net revenue of the company rose substantially by 20.51 per cent at Rs 312.77 crore in April-June quarter of this fiscal as against Rs 259.53 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 20.84 per cent to Rs 211.79 crore from Rs 175.27 crore in year ago period.

Other Income grew by 3.81 per cent at Rs 24.53 crore versus (Jun'18 Rs 23.63 crore). Operating Profit surged by 19.84 per cent to Rs 100.98 crore as against Rs 84.26 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 0.55 per cent in June quarter. Interest grew by 8700.00 per cent y-o-y to Rs 1.76 crore, while Taxation increased by 65.01 per cent at Rs 38.96 crore (Jun'18 Rs 23.61 crore).