Internet company Info Edge, which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others, has reported a net profit of Rs 32.86 crore for the quarter ended March 2017 (Q4 FY17). On a sequential basis, net profit was down 30.24% from Rs 47.1 crore but on a year-on-year basis, Info Edge's net profit was down 15.57% from Rs 38.92 crore. The company said that net profit was down due to an exceptional item of Rs 3.98 crore. The exceptional items represent additional provisions for bonuses and investments in Canvera Digital Technologies and other subsidiaries. Total Income stood at Rs 249 crore up by 10.9% over the corresponding quarter in FY 2015-16. Info Edge recorded net sales (Revenue) of Rs 223.8 crore for the quarter ended March 31, 2017 compared to Rs 204.2 crore in quarter ended March 31, 2016, up 9.6%. Recruitment Solutions (including and mostly Naukri.com) reported…
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