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…
