wordpress blog stats
Connect with us

Hi, what are you looking for?

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 Edge’s investor conference call: Recruitment business: - Recruitment top line grew by 19% YoY to Rs 107 crore in this quarter. - EBITDA margins remained flat at 51% similar to Q2-FY14. Naukri: - EBITDA margin in Naukri also remained flat at 55%, similar to the corresponding quarter last year. - Naukri added an average of 13,100 fresh CVs every day and the average CV modifications were at 135,000 per day. - Naukri currently has a database of more than 39 million CVs. - Naukri serviced 31,000 unique customers during the quarter, against 27,000 customers in the same quarter last year. - In H1-FY15, Naukri serviced 40,000 customers, up from 35,000…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

News

RBI Deputy Governor Rabi Shankar called for self-regulation in the fintech sector, but here's why we disagree with his stance.

News

Both the IT Minister and the IT Minister of State have chosen to avoid the actual concerns raised, and have instead defended against lesser...

News

The Central Board of Film Certification found power outside the Cinematograph Act and came to be known as the Censor Board. Are OTT self-regulating...

You May Also Like

News

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...

Advert

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...

News

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...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ