Info Edge, which gets most of its revenues and profit from recruitment classifieds services through Naukri.com, has been growing at a scorching pace. In fact, thanks to the growth this fiscal, the IPO valuation drops by almost a third to 34 times based on annualised June quarter earnings. In the three year period between FY03 and FY06, the company’s revenues have grown at a compounded average rate of 110 per cent. Profit before tax (PBT) has grown at an even higher rate of 191 per cent in the same period.Arun Natarajan is the Founder of Venture Intelligence, which tracks private equity and venture capital in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.
What’s also important to note about Info Edge is that it operates at a reasonably high level of profitability. Both in FY06 and in the first quarter of the current fiscal, the company has reported a PBT margin of over 25 per cent.
November 19, 2006
Naukri by numbers
Businessworld has a short review of the financials of Info Edge, India's first pure play online services company to go public.