Info Edge Q3 PAT slips 22% YoY
Info Edge (India) reported 22.7% decline in standalone net profit to Rs 69.87 crore on 15% fall in net sales to Rs 272.30 crore in Q3 FY21 over Q3 FY20. Billing in the third quarter was at Rs 297 crore, down by 1% as compared to the corresponding quarter in FY 2019- 20. The deferred sales revenue (amount collected in advance) as at 31 December 2020 was Rs 393.5 crore, down by 13.9% over the quarter ended 31 December 2019. Operating EBITDA declined by 35.6% to Rs 68.2 crore in Q3 December 2020 from Rs 105.9 crore in Q3 December 2019. Profit before tax in Q3 FY21 stood at Rs 87.45 crore, down b...
Source: business-standard.com