Info Edge (India) Limited announces Q4 FY20 results

Info Edge (India) Limited today announced results for the 4th quarter and year ended March 31, 2020.

Quarter Ended on Mar 31, 2020

- Billing at Rs. 331.9 crore, down by 8.0% over the corresponding quarter in FY 2018-19.
- Net sales (Revenue) at Rs. 322.8 crore, up by 10.3% over the corresponding quarter in FY 2018-19.
- Total Income at Rs. 342.3 crore, up by 5.9% over the corresponding quarter in FY 2018-19.
- Operating EBITDA at Rs. 96.5 crore, up by 5.8% over the corresponding quarter in FY 2018-19.

Year Ended on March 31, 2020

- Billing at Rs. 1268.7 crore, up by 7.8% over the financial year ended March 31st 2019.
- Net sales (Revenue) at Rs. 1272.7 crore up by 15.9% over the financial year ended March 31st 2019.
- Total Income at Rs. 1360.3 crore up by 12.5% over the financial year ended March 31st 2019.
- Operating EBITDA at Rs. 402.7 crore up by 18.0% over the financial year ended March 31st 2019.

Info Edge recorded Billing of Rs. 331.9 crore for the quarter ended Mar 31, 2020 compared to Rs. 360.9 crore in quarter ended Mar 31, 2019, down by 8.0%. Net Sales (Revenue) of Rs. 322.8 crore for the quarter ended Mar 31, 2020 compared to Rs. 292.7 crore in quarter ended Mar 31, 2019, up by 10.3%. The deferred sales revenue (amount collected in advance) as at Mar 31, 2020 is Rs. 465.6 crore, down by 1.9% over the quarter ended Mar 31st 2019. Operating EBITDA has increased by 5.8% from Rs. 91.3 crore (Q4, FY 2018-19) to Rs. 96.5 crore. The company reported PBT (before exceptional item) of Rs. 103.4 crore for the quarter ended Mar 31, 2020 compared to Rs. 116.8 crore for quarter ended Mar 31, 2019 AND PBT (before exceptional item) for the year ended March 31, 2020 at Rs. 442.3 crore in comparison to Rs. 432.0 crore in previous year.

Commenting on the results, Mr. Chintan Thakkar, CFO said "We continue to evaluate the unfolding situation of pandemic. The billings were growing around 13% till mid of March in FY'20 Q4 and it took a hit in the last two weeks of the quarter. Work from home and business continuity plan is operating satisfactorily."

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.2770.6 as compared to the previous close of Rs. 2676.55. The total number of shares traded during the day was 7126 in over 1227 trades.

The stock hit an intraday high of Rs. 2800 and intraday low of 2669.5. The net turnover during the day was Rs. 19584949.

Source : Equity Bulls

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