Info Edge Ltd, which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others has reported a net profit after tax (on a standalone basis) of Rs 128.5 crore for the year ended March 31, 2014, up 25.7% from Rs 102.25 crore in the previous fiscal year. The net sales also saw a significant growth to Rs 505.1 crore for the year, up 16.1% from Rs 434.9 crore sales in the previous fiscal. Operating EBITDA was at Rs 169 crore, up 16.2% year-on-year (YoY). It's worth noting that FY14 earnings include an exceptional item of Rs 2.6 crore due to the write off of Nogle Technologies's investment last June while FY13 earnings includes an exceptional item of Rs 29.3 crore due to Ninety Nine labels investment write off and a provision for diminution in the carrying value of investment in Mauritian subsidiary. On a quarterly basis (Q4-FY14), the net sales was up 18.9% YoY to Rs 138 crore, from Rs 116.06 crore in Q4-FY13. The net profit was also up 66.3% to Rs 33.6 crore from Rs 20.2 crore in the previous year. Note that Q4 is typically Info Edge’s best quarter, since recruitment firms tend to buy recruitment packages in advance during this quarter. Info Edge's outgoing CFO Ambarish Raghuvanshi mentioned that its recruitment business continued to grow at an improved pace and its real estate vertical has been growing at healthy rate. During the year, revenues from recruitment solutions grew by 9.8% while the real estate revenues grew by 47.2% over previous year. Investments During the quarter, Info Edge invested a…
- Latest developments in the ransomware attack on AIIMS-Delhi as it partially resumes server facilities December 8, 2022
- EPoS Systems at 5.33 Lakh PDS Shops in India, But No Response by Ministry on Device Failures December 8, 2022
- How does the new data protection bill affect platform gig workers? December 8, 2022
- Indian Govt to Pay Tariff to Telcos for SMS Alerts, Except Under Disaster Management Act December 8, 2022
- What is Google’s new plan to combat misinformation on its platforms in India? December 7, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...