Info Edge, which runs multiple Internet companies such as Naukri, Jeevansathi, and 99Acres, has reported a net profit of Rs 76.3 crore for the quarter ended March 2018 (Q4 FY18). Net profit was up 10.7% from Rs 68.9 crore in the same quarter last year.
Total income for Info Edge was up to Rs 263.2 crore, up 19.8% year-on-year (YoY). Net sales (revenue) was up 15.5% year-on-year at Rs 240.7 crore. Billing for the company increased to Rs 304.2 crore, up 15.5% year-on-year.
Recruitment Solutions (including and mostly Naukri.com) reported revenues of Rs 175.2 crore, up 12.6% YoY from Rs 155.5 crore. On a sequential basis, it grew 3.6% from Rs 169 crore. The segment posted a profit before tax of Rs 90.8 crore, marginally lower than Rs 94.6 crore reported last quarter, and higher than Rs 84.4 crore reported for the same quarter last year.
Real estate portal (99acres) reported revenues of Rs 37.3 crores, up from Rs 34.1 crore reported last quarter, and Rs 27.5 crore reported last year. Loss for the segment for the period stood at Rs 14.9 crore, more than Rs 8.9 crore reported last quarter, and higher than Rs 12.9 crore reported for the same period last year.
Other segments, including Shiksha and Jeevansathi, reported Rs 28.2 crore in revenues, compared to Rs 25.4 crore last year. The segment posted a loss of Rs 12 crore, higher than Rs 4.2 crore last year.
– Costs related to employees continued to be the largest expenditure for Info Edge. It stood at Rs 104.77 crore compared to Rs 93.57 crore in the last quarter. Employee costs amounted to 56.05% of the total expenditure.
– Advertising and promotion costs stood at Rs 47.83 crores, higher than the Rs 25.55 crore reported last quarter. Ad expenses accounted for 25.59% of the total expenditure this quarter.