During the company’s conference call announcing its Q2-FY13 results, Info Edge CEO Hitesh Oberoi informed that on a standalone basis net sales in Q2 grew to Rs. 106 crores versus Rs. 91 crores in the same quarter last year, an increase of about 17%. Sequentially however net sales were flat. Total Profit After Tax (PAT) for the quarter was at 33.3 crores up 18% YoY. Operating PAT was at 24 crores up 13% YoY. Operating PAT margin was at 22.8% versus 23.5% in the same quarter last year. Operating EBITDA for Q2 was at 36 crores, up 13% year on year. Operating EBITDA margin was at 34.5% versus 36.4% in Q2 last year. Deferred sales revenue has decreased from Rs. 111 crores to Rs. 102 crores this quarter. It was 119 crores on 31st March. Oberoi informed that the job market continues to be tight resulting in almost zero collection growth in Naukri corporate sales last quarter, however, its other verticals including 99acres and Shiksha grew rapidly. The company has a cash balance of Rs 475 Crore. On Investments: The company made a new investment of Rs 35 crores in Canvera this quarter. Additionally, the company also invested further 12.8 crores in Zomato and 5 crores in 99labels. Info Edge also acquired Toostep, and Oberoi informed that they are working at integrating the Toostep offering with Naukri. It should be noted that during the Q1-FY13 concall, Oberoi said that Oberoi said that Naukri sees no short term threat from social hiring platforms, which makes the Toostep acquisition more interesting given the companies ability to leverage on social media.Speaking with…
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