Jeevansathi, the matrimonial service run by Info Edge, posted an EBITDA loss of Rs 58 lakh for the quarter ended September 30 (Q2 FY17). The company had turned EBITDA positive in the preceding quarter with a profit of Rs 65 lakh and revenues of Rs 14.56 crore. Revenues remained flattish from Q1 FY17 this quarter at Rs 14 crore. However, it grew 30% from Rs 11 crore in the same quarter last year. The Shiksha business reported sales of Rs 8 crore and an EBITDA profit of Rs 30 lakh, Hitesh Oberoi managing director and CEO of Info Edge said in a call with analysts. Note that Info Edge reports Jeevansathi, Shiksha and other companies it considers strategic investments together under a combined segment. The segment reported Rs 23.72 crore in revenues and Rs 84.8 lakh in loss in the September quarter. Notes from the call 99acres will not be getting into new services: Oberoi said that 99acres is not getting into transactions for the real estate. "We believe we don't need to add a lot of new services to our offering. What we need to do is execute better, offer more value to our customers and if we can do that, we can accelerate our growth from there on if the market gets better," he added. He explained that the company will continue to focus on serving the new homes, resale and rental markets for the next 3-4 quarters. 99acres gets around $20 million of real estate advertising: Oberoi said that 99acres gets around $20…
