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InfoEdge Q2-FY15 Concall: 99Acres & Jeevansathi Loss; Recruitment business profits remain flat

Info Edge Ltd*, which owns Naukri.com, 99Acres.com, Jeevansathi.com and Shiksha.com, among others, had reported a net profit after tax (on a standalone basis) of Rs 33.2 crore for the quarter ended September 30, 2014 (Q2-FY15), nearly flat from Rs 33.2 crore profit in the same quarter last year. The sales however grew by 20% year-on-year (YoY) to Rs 147.5 crore from Rs 123 crore in the same quarter last year. Importantly, deferred sales revenue has decreased to Rs 147 crores vs Rs 150 crores as of September 30th versus June 30th, but the company says this is 21% up year-on-year. However, Q2-Q3 are typically weak quarters for hiring, because of the festive season. Cash and cash equivalents on the balance sheet increased to about Rs 1,273 crores as a result of the fund raising. Here are some notes from Info…

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