wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge reports Rs 64.23 crore profit for Q1-FY18; Charts

Info Edge, which owns Naukri.com, Jeevansathi, 99Acres, Shiksha.com, among others, has reported a net profit of Rs 64.23 crore for the quarter ended March 2017 (Q1 FY18). On a sequential basis, net profit was up 95.5% from Rs 32.86 crore, and on a year-on-year basis, was up 44.8% from Rs 44.35 crore.

Total income for Info Edge was up to Rs 248.9 crores, up 12.1% year on year. Other income was at Rs 26.4 crores. Net sales (revenue) was up 12.6% year on year at Rs 222.5 crore. Billing for the company increased to Rs 241.6 crore, up 13.8% year on year.

In a statement, Chintan Thakkar, CFO at Info Edge, said that their EBITDA margin has been increasing for the past three quarters. “This quarter the EBITDA Margin after adjusting for the non-cash charge for ESOPs is at healthy 35.5% and the adjusted EBITDA is up by 44% compared to the corresponding quarter of the last year.”

Segment results

  • Recruitment Solutions (including and mostly Naukri.com) reported Rs 159.77 crores, up marginally from Rs 155.49 crore last quarter, and up from Rs 143.97 crores for the same quarter last year. The segment posted profit before tax of Rs 85.2 crores, marginally higher than Rs 84.39 crore reported last quarter, and substantially higher than 70.7 crores reported for the same quarter last year.
  • Real estate portal (99acres) reported revenues of Rs 31.3 crores, up from Rs 27.49 crore reported last quarter, and Rs 278.55 crores reported last year. Loss for the segment for the period stood at Rs 11.18 crores, lower than Rs 12.97 crore reported last quarter, and Rs 20.59 crores reported for the same period last year.
  • Other segments, including Shiksha and Jeevansathi, reported Rs 31.32 crores in revenues, compared to Rs 25.44 crore last quarter. The segment posted a loss of Rs 2.95 crores, down significantly from Rs 4.19 crores last quarter, but higher than Rs 1.75 crores last year

Info Edge has used Rs 155.4 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.


– Costs related to employees continued to be the largest expenditure for Info Edge. It stood at Rs 99.1 crore compared to Rs 93.5 in the last quarter. Employee costs amounted to 62.88% of the total expenditure.

– Advertising and promotion costs stood at Rs 25.41 crores, higher than the Rs 21.7 crore reported last quarter. Ad expenses accounted for 16.12% 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.

Advertisement. Scroll to continue reading.

Download: Financials


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