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 21.73 crore for the quarter ended December 31, 2015, down 43.75% from Rs 38.64 crore profit in the same quarter last year and down 35.91% from Rs 33.91 crore profit in the previous quarter. Net profit was down due to an exceptional item of Rs 11.46 crore in the balance sheet. The exceptional items represent provisions for bonuses, investments in Canvera Digital Technologies and Makesense Technologies. Total income, including other income, increased 14% y-o-y to Rs 195 crore for the quarter. The net sales for the company grew to Rs 173.4 crore for the quarter, up 19% from Rs 145.75 crore in the same quarter last year and a marginal fall of 0.42% from Rs 174 .1 crore in the previous quarter. Employee costs increased 25.24% y-o-y to Rs 80.40 crore and increased 6.83% on a sequential basis from Rs 75.26 crore. Advertising and promotion costs increased 17.45% y-o-y to Rs 27.1 crore and decreased 27.66% q-o-q. Ad expenses accounted for 19.30% of the total expenditure this quarter. In the Q1 FY16 ad related expenses shot up and ad related costs represented 30% of the total expenditure. For context, advertising expenditure has typically been around 20% of total expenditure for the company. Info Edge has used Rs 68.6 crore of its Rs 750 crore QIP proceeds as working capital for 99Acres.The company had raised Rs 750 crore in the previous quarter, by selling 10.13 million shares of face value Rs 10…
