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Updated: Naukri Reports Rs 39.91 Crore Profit, Rs 105.88 Cr Sales For Q4-FY12; Declares Dividend & 1:1 Bonus

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 39.91 crore for the quarter ended March 31st, 2012 (Q4-FY12), up 48.42% from Rs 26.89 crore reported for the corresponding quarter, last year. Net Sales were Rs 105.88  crore, up  29.96% from Rs 81.47 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.

The company has also reported annual results – It registered net sales of Rs Rs 390.30 crore in Fy12 compared to Rs 321.73 crore reported during FY11. The company’s annual net profit was Rs 103.32 crore, a significant increase from FY11’s profits of Rs 63.14 crore.


Download: Release | Financials

Earnings Per Share for the Info Edge were up 38.19% to Rs 7.31  per share, from Rs 5.29  per share for Q3-FY12, and up 48.28% year on year from Rs 4.93 for Q4-FY11.

The company has listed Rs 0.353 crore, which represents provision for diminution, in the carrying value of investment of  in Info Edge (India) Mauritius, under exceptional item in the quarter ended March 31st, 2012.

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Dividend and bonus shares : In a press release, InfoEdge has declared that it will issue bonus shares in the ratio 1:1 – one new equity share for every one equity share held to existing share holders, with effect from the record date, that the company will fix. The Info Edge board also recommended a dividend of Re 1 per share (face value of Rs 10 per share), which would be paid on post bonus paidup capital base.

During the year recruitment solutions grew at 25.4% while the real estate vertical grew by 52.2%. Losses at the EBITDA level from Other Verticals were at Rs 2.87 crore compared to Rs 2.69 crore in the same quarter last year.

The company did not share information on EBITDA, and Operating EBITDA.

– Operating PAT was at Rs 27.15 Crore, up by 58.75% year on year

Commenting on the results, Ambarish Raghuvanshi, CFO and Director, Info Edge (India) Limited is quoted as saying that the quarterly and annual results reflect the strong competitive position of Naukri, and that robust growth in 99acres and also growth in smaller businesses, strong operating leverage in Naukri and brought forward deferred revenues. He said that the business outlook for the next six months was somewhat muted given the GDP position and the weak business confidence levels.

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