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 28.23 crore for the quarter ended September 30, 2011 (Q2-FY12), up 57.89% from Rs 17.88 crore reported for the corresponding quarter, last year. Net Sales were Rs 91.09 crore, up 27.97% from Rs 71.18 crore that it recorded during the same quarter last year. According to the results filing, Info Edge has utilised all the proceeds from its IPO. It had raised Rs 170.36 crore from the IPO.
In a press release, the company has shared that:
– Operating EBITDA was at Rs 33.07 Crore, up 54.7% year on year
– Operating PAT was at Rs 21.47 Crore, up by 61.8% year on year
– EBITDA was at Rs 41.45 Crore up by 48.3% 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 margins continued to improve despite a significant increase in advertising spends in the quarter. However in the medium term, the concerns are around macro issues such as economic growth and business confidence levels which impact the company’s recruitment and real estate advertising businesses, where the picture is a little unclear.
During the quarter recruitment solutions grew at 26.7% while the real estate vertical grew by 40.9%. Losses at the EBITDA level from Other Verticals were at Rs 4.07 crore compared to Rs 5.9 crore in the same quarter last year.
Earnings Per Share for the Info Edge were up 10.23 % to Rs 5.17 per share, from Rs 4.69 per share for Q1-FY12, and up 57.62 % quarter on quarter from Rs 3.28 for Q1-FY11.
Investments During the quarter
Info Edge has invested in existing and new ventures including investments in Zomato, Applect, Mydala and Kinobeo Software at the end of the last quarter.
The post has been updated with data from the press statement