In a report by Info edge India a profit of 47.49 % has been reported by the company as a consequence of the tax which amounted to Rs 83.97 crore for the financial year which ended on 31st march’2011. Earlier Info edge (India) had made profits amounting to Rs. 56.93 crore after tax (PAT). Therefore the company has actually achieved a great progress in duration of an year. The company registered a growth ofhttp://www.blogger.com/img/blank.gif 26% as its earlier net sales were recorded at Rs. 232.22 crore in the previous year which rose to Rs. 293.62 crore in the following year.
According to the CFO and director of Info edge (India) Ltd Mr Ambarish Raghuvanshi the net increase in the company’s progress and margin is a result of the improvement in recruitment and real estate segment in the competitive position. According to him this will help the company to reach more heights and achieve more profits in future. During the same year in which the profits were made the recruitments solutions rose by 24% whereas the real estate secor recorded a growth of massive 72%. In the last quarter of January-march the growth recorded was 25% more than what was achieved in the same quarter of previous year. Whereas the shares of the company at the Bombay Stock Exchange were closed at a 2.53% down than the previous close.
According to the CFO and director of Info edge (India) Ltd Mr Ambarish Raghuvanshi the net increase in the company’s progress and margin is a result of the improvement in recruitment and real estate segment in the competitive position. According to him this will help the company to reach more heights and achieve more profits in future. During the same year in which the profits were made the recruitments solutions rose by 24% whereas the real estate secor recorded a growth of massive 72%. In the last quarter of January-march the growth recorded was 25% more than what was achieved in the same quarter of previous year. Whereas the shares of the company at the Bombay Stock Exchange were closed at a 2.53% down than the previous close.
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