Info Edge Ltd, the company which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others has reported a net profit after tax (on a standalone basis) of Rs 38.6 crore for the quarter ended December 31, 2014, registering a 19.9% increase from Rs 32.2 crore profit in the same quarter last year and up 16.3% from Rs 33.2 crore profit in the previous quarter. The net sales for the company grew to Rs 145.7 crore for the quarter, up 18.2% from Rs 123.3 crore in the same quarter last year and a marginal 1.3% dip from Rs 147.6 crore in the previous quarter. Note that Q3 is typically a weak quarter for the company due to the festive season (and a slump in hiring). Earnings per share for Info Edge also increased to Rs 3.22 for the quarter, up from Rs 2.95 crore in the same quarter last year and Rs 2.97 in the previous quarter. Info Edge QIP Proceeds: Info Edge has used Rs 0.43 crore of its Rs 750 crore QIP proceeds as working capital for its online real estate business 99Acres. The company had raised Rs 750 crore in the previous quarter, by selling 10.13 million shares (10,135,135 shares) of face value Rs 10 each, for an issue price of Rs 740 per share. The company had then stated plans of using this capital to invest in organic and inorganic growth opportunities in existing businesses, particularly its real estate business 99acres, besides general corporate purposes. (Read: How 99Acres plans to use the $120 million it has raised) This was necessitated by growing…
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