Info Edge (India) Q4FY16 standalone net profit declines 30% yoy to Rs.57.18 crore : Beats Estimates

The company’s standalone revenue stood at Rs. 204.20 crore, up 17.78% qoq and 17.81% yoy.

May 25, 2016 2:10 IST | India Infoline News Service
Info Edge (India) Ltd, Indian e-commerce/on-line classifieds?ervice provider, reported standalone net profit of Rs.57.18 crore for the quarter ended March 31, 2016, registering growth of 163.09% qoq, but decline of 30.42% yoy. The company’s revenue stood at Rs. 204.20 crore, clocking growth of 17.78% qoq and 17.81% yoy.

It's standalone operating profit of Rs. 56.94 crore for the quarter, grew 69.62% qoq and 13.09% yoy. Operating profit margin for the current quarter at 27.88% expanded by 852 bps qoq but contracted by 117 bps yoy.

For the year ended March 31, 2016, the company reported standalone net profit of Rs. 141.58 crore, down by 26.97% yoy. It's standalone revenue for the current period stood at Rs. 723.47 crore, registering growth of 18.34% yoy.

Info Edge (India) Ltd's core operating profit for the current period stood at Rs. 138.89 crore, declining by 15.17% yoy. Operating margin for the current period at 21.11% contracted by 567 bps yoy.

Result Highlights: (Rs. in crore)

Reported Results IIFL Estimates Variance (%)
Standalone Revenue 204.20 187.25 9.05
Standalone Net Profit 57.18 37.9 50.87

Standalone EPS for the quarter stood at Rs. 4.74.

Bloomberg estimated the company’s standalone net profit at Rs. 78.90 crore.

Stock Commentary:

Info Edge (India) Ltd is currently trading at Rs. 800, up by 44.35 points or 5.87% from its previous closing of Rs. 755.65 on the BSE.

The scrip opened at Rs. 765 and has touched a high and low of Rs. 825.8 and Rs. 732 respectively. So far 190596(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9137.03 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 935 on 23-Jul-2015 and a 52 week low of Rs. 690 on 01-Mar-2016. Last one week high and low of the scrip stood at Rs. 763.2 and Rs. 732 respectively.

The promoters holding in the company stood at 43.11 % while Institutions and Non-Institutions held 45.3 % and 11.41 % respectively.

The stock is currently trading below its 200 DMA.

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