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…

Please subscribe/login to read the full story.
Written By

Free Reads

News

Tata Restart website was using the trademark of Tata Sons and the image of Ratan Tata.

News

The hackers used the fake Facebook ads to target people based in European countries, specially male users, said the report

News

GPT-4 Turbo with Vision builds upon the foundation of the GPT-4 model, integrating the enhanced token outputs introduced in the Turbo model, and now...

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

Views

News

NPCI CEO Dilip Asbe recently said that what is not written in regulations is a no-go for fintech entities. But following this advice could...

News

Notably, Indus Appstore will allow app developers to use third-party billing systems for in-app billing without having to pay any commission to Indus, a...

News

The existing commission-based model, which companies like Uber and Ola have used for a long time and still stick to, has received criticism from...

News

Factors like Indus not charging developers any commission for in-app payments and antitrust orders issued by India's competition regulator against Google could contribute to...

News

Is open-sourcing of AI, and the use cases that come with it, a good starting point to discuss the responsibility and liability of AI?...

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

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
Name:*
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