Info Edge (India) Ltd (BOM:532777)
₹ 8665.4 41.5 (0.48%) Market Cap: 1.12 Til Enterprise Value: 1.09 Til PE Ratio: 240.40 PB Ratio: 2.68 GF Score: 87/100
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Q1 2020 Info Edge (India) Ltd Earnings Call Transcript

Aug 13, 2019 / 01:30PM GMT
Release Date Price: ₹2172.6 (-1.61%)
Operator

Ladies and gentlemen, good day, and welcome to the Info Edge Limited Q1 FY 2019/20 Results Conference Call. Joining us on the call today are Mr. Hitesh Oberoi, Managing Director and CEO; Mr. Chintan Thakkar, CFO; and Mr. Sanjeev Bikhchandani, Vice Chairman. (Operator Instructions)

I now hand the conference over to Mr. Hitesh Oberoi. Thank you and over to you, sir.

Hitesh Oberoi;India;Limited;Co;Promoter
Info Edge;MD, CEO & Director

()-- -

Thank you. Good evening, everyone, and welcome to our FY '19/'20 First Quarter Results Conference Call. We will first take you through the quarterly financial performance of the company. Here I would like to mention about the implementation of Ind AS 116 from the current financial year. As you must be aware, effective April 1, 2019, there is a change in accounting for release as mandated by Ind AS 116. Accordingly, we've recognized the right of use assets and lease liability. They also charge depreciation and interest on the same instead of

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