Info Edge (Naukri) has reported a net profit of Rs. 17.89 crore for the quarter ended September 30th 2010 (Q2-11), up 21.39% when compared with the same period last year. Thus, the signs of recovery continue: the company had reported a year on year increase in net profit of 30% last quarter. The increase in profit is on the back of a 29% increase in net sales, and a 21.2% decline in 'Other Income' for the company. Earnings Per Share were up 21.48% to Rs. 3.28 per share, from Rs. 2.70 per share for Q2-10, but down quarter on quarter from Rs. 6.33 for Q1-11. Details (Q2-11): Financials | Press Release | DataSheet Also see: FY10 Presentation | Q1-11 Results | Q1-11 Earnings Call What's worth noting, is that at Rs. 27.05 crore, employee cost for Info Edge has increased by 29.16% year on year, from Rs. 20.94. The company also spent more money in advertising during the quarter: compared to Rs. 7.72 crore last quarter, Info Edge spent Rs. 11.17 crore on advertising and promotions in Q2-11. During the quarter, Info Edge invested in online restaurant listings company FoodieBay.com. All in all, Info Edge has invested Rs. 31.61 Crore on strategic alliances and acquisitions. Vertical specific results: Recruitment Solutions (includes Naukri.com, Naukri Gulf, Job Seeker Services, FirstNaukri, Quadrangle): - Net Sales: Rs. 59 Crore, up from Rs. 54.8 crore - Operating EBITDA: 2.73 crore, up from Rs. 2.3 crore - Share of Naukri.com revenues: 26% IT/ITES, 5% BFSI, 20% Infrastructure…
