wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge reports net profit of Rs 78.55 crore on the back expenditure control

Info Edge, which runs multiple Internet companies such as Naukri, Jeevansathi, and 99Acres, has reported a net profit of Rs 78.55 crore for the quarter ended September 2017(Q2 FY18). Net profit was down 1.89% from Rs 80.07 crore in the same quarter last year. However, Info Edge said that net profit growth would have been 97.7% without considering the tax reversal during Q2FY17.

Total income for Info Edge was up to Rs 251.4 crore, up 18.67% year-on-year (YoY). Other income was at Rs 26.17 crores. Net sales (revenue) was up 7.2% year-on-year at Rs 225.2 crore. Billing for the company increased to Rs 202.5 crore, up 9% year-on-year.

Info Edge’s net profit was helped by controlling its operating expenses. CFO Chintan Thakkar said that operating expenses remained flat for the sixth quarter. Total expenses for the quarter stood at Rs 141.74 crore, a decrease of 3.39% from Rs 146.72 crore in the same quarter.

Segment results

  • Recruitment Solutions (including and mostly Naukri.com) reported Rs 164.777 crore, up 6% YoY from Rs 155.45 crore. On a sequential basis, it grew 3.13% from Rs 159.77 crore. The segment posted a profit before tax of Rs 95.32 crore, marginally higher than Rs 85.28 crore reported last quarter, and higher than Rs 84.856 crore reported for the same quarter last year
  • Real estate portal (99acres) reported revenues of Rs 32.65 crores, up from Rs 31.71 crore reported last quarter, and Rs 30.81 crores reported last year. Loss for the segment for the period stood at Rs 99.7 lakh, lower than Rs 11.18 crore reported last quarter, and Rs 14.83 crores reported for the same period last year.
  • Other segments, including Shiksha and Jeevansathi, reported Rs 27.78 crores in revenues, compared to Rs 31.23 crore last quarter. The segment posted a loss of Rs 3.74 crores, higher than Rs 2.95 crore last quarter.

Info Edge has used Rs 165.63 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 93.8 crore compared to Rs 99.1 crore in the last quarter. Employee costs amounted to 66.17% of the total expenditure.

– Advertising and promotion costs stood at Rs 17.57 crores, lower than the Rs 25.42 crore reported last quarter. Ad expenses accounted for 12.39% 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.

You May Also Like


Kotak Mahindra Bank reported a net profit of ₹1,853.5 crore for the third quarter of the current financial, up by 16% year-on-year from ₹1,944...


Yes Bank Ltd posted a net profit of ₹151 crore during the third quarter of the current financial year compared to a net loss...


Key takeaways Network18’s digital news revenue increased by 50% YoY for the second consecutive quarter Consolidated Net Profits grew 125% YoY Network18 Digital saw...


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,...

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