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…

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

Free Reads

News

Amazon and Flipkart are opposing untested ex-ante regulations modeled according to the EU Digital Markets Act in India, saying the current system is already...

News

As per a report, Apple has been testing its own large language model (LLM) since last year but its technology remains behind the AI...

News

Telecom companies are against a regulatory sandbox, as they think information revealed by businesses during the sandboxing process might be confidential should be out...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

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?...

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