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Naukri Reports Profit Of Rs 63.14 Crore For FY11; Net Sales Of Rs 321.73 Crore

Info Edge, which owns Naukri.com, 99Acres,  Jeevansathi.com, Shiksha.com, among others, on a conslidated basis, the company reported Net Profit of Rs 63.14 crore for FY11, up from Rs 51.62 reported for FY10. Net Sales were Rs 321.73 crore, up from Rs 237.08 the previous financial year.

It’s worth noting that Info Edge’s consolidated results show a higher topline than the standalone results, but lower profitability. The consolidated results include those from subsidiaries and investments including eTechAces(PolicyBazaar), Applect (Meritnation), Allcheckdeals, Info Edge (India) Mauritius, Jeevansathi, Naukri Internet Services Pvt Ltd and Info Edge USA Inc.

The company has reported a standalone Net Profit Rs 83.97 crore for the year ended 31st March 2011 (FY11), up from Rs 56.92 crore reported for the corresponding period last year. The company reported Net Sales of Rs 293.63 Crore for FY11, up from Rs 232.22 Crore reported for FY10.Operating EBITDA was at Rs 97.70 crore, up by 46.7% year on year.

Quarterly Performance

For the quarter (Q4-FY11), the company reported net sales of Rs 81.47 crore, up from Rs 75.07 crore reported last fiscal year, and a Net Profit of Rs. 26.89 crore from Rs 21.92 crore for the corresponding period last year. Note that typically, Q4 is the best quarter for the company.

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Increase in external investments

Till date, Info Edge has invested Rs. 37.81 crore in acquisitions and strategic alliances; this is up from Rs 35.61 Crore reported at the end of the previous quarter.

Note that the company has upped investment activity of late: this year so far, it has invested in three ventures:
A follow on investment of Rs. 10 crore in PolicyBazaar.com, alongwith Intel Capital, which has invested Rs. 40 crore. The company owns 33% in the venture.
– An investment of Rs. 9 crore in group buying company MyDala.com
– An investment in content aggregation platform, which can go up to Rs. 1 crore

Last year, the company had re-jigged its management structure to focus on external investments in the Internet space.

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Written By

Founder @ MediaNama. TED Fellow. Asia21 Fellow @ Asia Society. Co-founder SaveTheInternet.in and Internet Freedom Foundation. Advisory board @ CyberBRICS

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

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