Info Edge Ltd, which owns Naukri.com, 99Acres, Jeevansathi.com, Shiksha.com, among others, on a conslidated basis, reported a Net Profit after tax of Rs 25.61 crore for the quarter ended June 30, 2011 (Q1-FY12), up 48.38% from Rs 17.26 crore reported for the corresponding quarter, last year. Net Sales were Rs 86.65 crore, up 31.53% from Rs 65.88 crore that it recorded during the same quarter last year. Q1 is typically a weak quarter for the company.
In a press release, the company has shared that:
– Operating EBITDA was at Rs 31.62 Crore, up 54.7% year on year
– Operating PAT was at Rs 19.22 Crore, up by 52.7% year on year
– EBITDA was at Rs 39.48 Crore up by 46.3% over the corresponding quarter in FY 2010-11
Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited is quoted as saying that the company is seeing high operating leverage in the recruitment business, and that the medium term continues to be positive although there could be near term volatility due to macro concerns which may impact the main lines of the company’s business”
During the quarter recruitment solutions grew at 27.9% while the real estate vertical grew by 52.5%. In the quarter the real estate vertical after achieving break even and made a small profit of Rs 0.66 crore. Losses at the EBITDA level from Other Verticals were at Rs 2.71 crore compared to Rs 2.54 crore in the same quarter last year.
Details (Q1-FY12): Financials | DataSheet | Earnings Call: 6:30 pm today
Earnings Per Share for the Info Edge were up 48.42% to Rs 4.69 per share, from Rs 3.16 per share for Q1-FY12, and though they declined 4.87% quarter on quarter from Rs 4.93 for Q4-11.
Investments During the quarter
All in all, Info Edge has invested Rs. 47.9 Crore on strategic alliances and acquisitions, significantly up from Rs. 37.81 crore at the end of the last quarter.
(By Anupam Saxena & Nikhil Pahwa)