wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge reports Rs 47.1 crore in profit in Q3-FY17

Info Edge, which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others, has reported a net profit after tax (on a standalone basis) of Rs 47.1 crore for the quarter ended December 31, 2016 (Q3 FY17), up 117% from Rs 21.7 crore profit in the same quarter last year. On a sequential basis, net profit was down 41% from Rs 80.06 crore last quarter, when it had an additional income of Rs 40.3 crore owing to a one time tax writeback.

  • Total income, including other income, increased 12% year on year to Rs 217.7 crore for the quarter.
  • Net sales for the company grew to Rs 186.1 crore for the quarter, up 7% from Rs 173.4 crore in the same quarter last year and down 11% from Rs 210 crore in the preceding quarter. Note that Q3 is typically Info Edge’s weakest quarter in the year.
  • Recruitment Solutions (including and mostly Naukri.com) reported Rs 140.43 crore in revenues up 6.8% year on year. Recruitment solutions posted a Rs 71.14 crore in profit.
  • Real estate portal (99acres) reported revenues of Rs 26 crore, marginally lower than Rs 26.4 crores for the same quarter last year. Loss for the period stood at Rs 16.7 crore, lower than 22.1 crore for the same period last year, but higher than the Rs 15.38 crore reported last quarter. Info Edge has used 134.2 crore of its Rs 750 crore QIP proceeds as working capital for 99Acres. The company had raised Rs 750 crore in the Q2 FY16, by selling 10.13 million shares of face value Rs 10 each, for an issue price of Rs 740 per share.
  • Other segments, including Shiksha and Jeevansathi, reported Rs 19.6 crore in revenues, up from Rs 5.53 crores from Q3 last year, and Rs 7.8 crore in loss, higher than the Rs 5.53 crores reported in Q3 last year.

Notes on financials

  • Employee costs increased 17% year on year to Rs 93.8 crore.

  • Advertising and promotion costs decreased by 32% compared with the same quarter last year to Rs 18.4 crore and decreased 17% quarter on quarter. Ad expenses accounted for 15% of the total expenditure this quarter. For context, advertising expenditure used to be typically around 20% of total expenditure for the company, but has been lower for the last few quarters.



Info Edge’s investments

Download: Financials

Advertisement. Scroll to continue reading.

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



By Rahul Rai and Shruti Aji Murali A little less than a year since their release, the Consumer Protection (E-commerce) Rules, 2020 is being amended....


By Anand Venkatanarayanan                         There has been enough commentary about the Indian IT...


By Rahul Rai and Shruti Aji Murali The Indian antitrust regulator, the Competition Commission of India (CCI) has a little more than a decade...


By Stella Joseph, Prakhil Mishra, and Surabhi Prabhudesai The recent difference of opinions between the Government and Twitter brings to fore the increasing scrutiny...


This article is being posted here courtesy of The Wire, where it was originally published on June 17.  By Saksham Singh The St Petersburg paradox,...

You May Also Like


Info Edge (India) Limited, the parent company of subsidiaries such as Naukri.com and Jeevan Saathi, on Monday announced its results for the fourth quarter...

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
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