wordpress blog stats
Connect with us

Hi, what are you looking for?

Naukri profit up 20% to Rs 38.6 Cr in Q3-FY15; Net Sales at Rs 145.7 Cr

Info Edge Ltd, the company which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others has reported a net profit after tax (on a standalone basis) of Rs 38.6 crore for the quarter ended December 31, 2014, registering a 19.9% increase from Rs 32.2 crore profit in the same quarter last year and up 16.3% from Rs 33.2 crore profit in the previous quarter.

The net sales for the company grew to Rs 145.7 crore for the quarter, up 18.2% from Rs 123.3 crore in the same quarter last year and a marginal 1.3% dip from Rs 147.6 crore in the previous quarter. Note that Q3 is typically a weak quarter for the company due to the festive season (and a slump in hiring).

Earnings per share for Info Edge also increased to Rs 3.22 for the quarter, up from Rs 2.95 crore in the same quarter last year and Rs 2.97 in the previous quarter.

Info Edge QIP Proceeds: Info Edge has used Rs 0.43 crore of its Rs 750 crore QIP proceeds as working capital for its online real estate business 99Acres. The company had raised Rs 750 crore in the previous quarter, by selling 10.13 million shares (10,135,135 shares) of face value Rs 10 each, for an issue price of Rs 740 per share.

The company had then stated plans of using this capital to invest in organic and inorganic growth opportunities in existing businesses, particularly its real estate business 99acres, besides general corporate purposes. (Read: How 99Acres plans to use the $120 million it has raised)

This was necessitated by growing investment in advertising spends, sales and new offices. Competition is also heating up in the segment with competitors like CommonFloor and Housing raising significant investment over the past year. (Also read#Outlook15: What Indian Online Properties Listing Companies Plan To Do in 2015)

Naukri Follow recruiter: During the quarter, Naukri also introduced a ‘Follow Recruiter’ feature, that allows job seekers to follow particular recruiters on the portal and keep a track of job postings. This was particularly important because, through recruiters are central to Naukri’s business, they’ve previously never had a direct contact with jobseekers.


During the quarter, Info Edge made three new investments:

Rs 185 crore in the online restaurant guide Zomato. Info Edge currently owns a majority 50.1% stake in the company.
Rs 10 crore in Canvera Digital Technologies that owns and operates the online photography service Canvera.com. Info Edge currently owns 36% stake in Canvera and has invested an overall Rs 67.1 crore in the company.
Rs 4 crore in the online-offline commerce venture Happily Unmarried Marketing. With this, Info Edge has invested an overall Rs 9.4 crore in Happily Unmarried and owns 34% stake.


You May Also Like


Netflix’s two day StreamFest in December 2020—where users in India could practically watch Netflix’s entire catalogue for free—brought millions of users to the service,...


Media company HT Media Limited posted a consolidated operational revenue of ₹341 crore, which is down 40% YoY and up 31% over the previous...


E-commerce marketplace IndiaMART InterMESH Ltd. reported a 34.5% increase in traffic on a year-on-year (YoY) basis, growing to 253 million in the quarter ended...


HDFC Bank reported a net profit of ₹8,758.3 crore, for the October to December quarter of 2020, up by 18% from ₹7416.5 crore in...

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

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ