wordpress blog stats
Connect with us

Hi, what are you looking for?

Naukri Records Q1 Profit Of $3.1 Million; $1.2 Million Used For Investments And Strategic Alliances So Far

Download the financials here.

First quarter results (Q109) just in from Info Edge (Naukri.com): The company has reported a net profit of $3.108 million (Rs. 12.973 crores) for Q109. Profit is down from $3.73 million (Rs. 15.61 crores) last quarter, but up from $2.78 million (Rs. 11.64 crores) for the same quarter last year. Remember that historically, the last quarter of the year is the best for Info Edge.

Given that the fear that has persisted for the last few quarters, around a drop in IT spending on hiring, the company has issued a reassuring statement from CFO Ambarish Raghuvanshi who says that “The operating margins in the core recruiting business have expanded” and the company has added more clients (hinting at a reduced dependency on IT). We’ll have more on this from the Naukri Earnings call.

more on revenues and investments –

The company recorded revenues of $16.08 Million (Rs. 67.144 crores), of which $15.12 Million (Rs. 63.123 crores) was Sales Income. Sales income has increased by 35.60 percent over the same quarter last year. During the quarter, Info Edge spent $2.90 million (Rs. 12.144 crores) in advertising and promotions, up from $2.66 Million (Rs. 11.145 crores) for the same quarter last year. Employee cost is up significantly year-on-year from $3.90 Million (16.313 crores) in Q108 to $5.83 million (Rs. 24.349 crores) in Q109.

Advertisement. Scroll to continue reading.

As per the financials, Info Edge has spent a total of $1.2 Million (Rs. 5.023 crores) in acquisitions and strategic alliances. That is up from $480,000 (Rs. 2 crores) at the end of the last financial year. The company had raised $7.18 million (Rs. 30 crores) for acquisitions, from the IPO, and so far, they have invested in Study Places Inc and Applect Learning Solutions.

Disclosure: I own an inconsequential number of shares of Info Edge

Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The US and other countries' retreat from a laissez-faire approach to regulating markets presents India with a rare opportunity.


When news that Walmart would soon accept cryptocurrency turned out to be fake, it also became a teachable moment.


The DSCI's guidelines are patient-centric and act as a data privacy roadmap for healthcare service providers.


In this excerpt from the book, the authors focus on personal data and autocracies. One in particular – Russia.  Autocracies always prioritize information control...


By Jai Vipra, Senior Resident Fellow at Vidhi Centre for Legal Policy The use of new technology, including facial recognition technology (FRT) by police...

You May Also Like


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ