Top Story


Home >> Digital >> Article registers 53 per cent revenue growth in Q1

Font Size   16
Share registers 53 per cent revenue growth in Q1 India Ltd, one of the leading online providers of news, information, communication, entertainment and shopping services for Indians, has recorded 53 per cent growth in its revenues in the first quarter this year.

Intensification in online advertising and mobile services resulted in increased revenues for the company, with revenues from India online increasing by 114 per cent to $2.7million in the first quarter as compared to $1.3 million during the same quarter last fiscal year.

The gross margin of the company is up by 68 per cent as opposed to 54 per cent in the first quarter of 2004-05. The net income of the company from existing operations for the first quarter stood at $53,000.

Besides, the immense popularity of the portal has resulted in an increase in the number of registered users, which posted a 19 per cent increase of 37.5 million as compared to last year.

However, higher advertising and product development costs led to an increase in operating expenses, which was up by 40 per cent at $2.7 million in this quarter as compared to $1.9 million for the same period last year.

The portal launched a slew of new products, which included an auction site for its shopping customers, and pay4clicks classifieds module with over 150 sections. Apart from that, also launched a beta version of 'Newshound', which delivers news headlines from approximately 700 news sources and is updated every five minutes.

Ajit Balakrishnan, Chairman and CEO, India Ltd, said, "We will continue focusing on product innovation as part of our core strategy. We believe that our current range of products, such as our VOIP Instant Messenger service, social networking service, automated news listing service and pay4clicks classifieds, will allow us to attract consumers from both India and abroad."


Siddharth Kumar Tewary, Founder, Chief Creative, One Life Studios and Swastik Productions, on owning the IP on his most ambitious project 'Porus,' the risk of recovering its cost and his distribution strategy

Webscale plans to build the brand around smooth operations for the e-commerce sector and then move on to demand generation

Shriya Ghate, Business Head, Tinkle, spills the beans on the company's vision for its special line of merchandise launched to celebrate its 37th anniversary, its pricing, marketing strategies, and more

Vivek Patni, Director of Wonder Cement, on the current marketing strategies and challenges that brand owners face

There was reportedly an altercation between the two in Bodhjung Nagar, Tripura

The New Realities study in India is its sixth year. Over 600 online interviews (per country) were conducted in seven countries, as a part of the study.

Rohit Bansal, Group Head of Corporate Communications, Reliance Industries Limited was speaking about the emerging tools of PR through Social Impact during his keynote address at IPRCCA 2017