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Infoedge (Naukri) Net Profit Up 6.2% Sequentially

Updated with graphs and numbers from corporate presentations Though the December quarter was expected to be a weak one for Info Edge India, the company behind Naukri.com, the company has posted sequential growth in net profits and revenues, which are up 6.7 percent and 6.2 percent respectively. Net profits are 9.1 percent lower that that recorded in December 2008 at Rs. 156.45 million and net sales marginally lower at Rs. 588.75 million. Details: Financials | Release | October 2009 corporate presentation | Jan 2010 data sheet | February 2010 corporate presentation Other income has significantly reduced from Rs. 83.5 million recorded in the September 2009 quarter to Rs. 0.114 million this quarter. Operating EBITDA increased by 20% year on year to Rs. 179.42 million. Info Edge also owns websites Jeevansathi, 99 acres, Shiksha, Brijj, AskNaukri, FirstNaukri and Allcheckdeals. Job Portals Net Sales Marginally Up YoY The flagship portal and other job portals by Naukri registered total net sales of Rs. 500 million in the quarter ended December 2009, up 0.4% from December 2008.  They now contributes84.9% to the company's revenues. Naukri's EBITDA margin has fallen to 44.05% in the December quarter compared to 45.8% in the corresponding quarter last year. In the September quarter, this was at 36.9%. The number of resumes added on a daily basis to the site has fallen from 14 million in December 2008 quarter to 10 million in the December 2009 quarter. Update: Jobspeak, the index of job listings added on Naukri.com, has suffered an…

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