Info Edge, which runs multiple Internet companies such as Naukri, Jeevansathi, and 99Acres, has reported a net profit of Rs 62.9 crore for the quarter ended June 2018(Q1 FY19). Net profit was down 1.9% from Rs 64.2 crore in the same quarter last year. Total income for Info Edge was up to Rs 283.2 crore, up 13.8% year-on-year (YoY). Other income was at Rs 23.6 crores. Net sales (revenue) was up 16.7% year-on-year at Rs 259.5 crore. Billing for the company increased to Rs 283.4 crore, up 17.3% year-on-year. Segment results Recruitment Solutions (including and mostly Naukri.com) reported revenues of Rs 184.1 crore, up 15.2% YoY from Rs 159.8 crore. On a sequential basis, it grew 5.1% from Rs 175.2 crore. The segment posted a profit before tax of Rs 102.1 crore, higher than Rs 90.8 crore reported last quarter, and higher than Rs 85.3 crore reported for the same quarter last year. Real estate portal (99acres) reported revenues of Rs 41.9 crores, up from Rs 37.3 crore reported last quarter, and Rs 31.4 crore reported last year. Loss for the segment for the period stood at Rs 12.8 crore, more than Rs 14.9 crores reported last quarter, and lower than Rs 11.2 crore reported for the same period last year. Other segments, including Shiksha and Jeevansathi, reported Rs 33.5 crore in revenues, compared to Rs 28.2 crore last year. The segment posted a loss of Rs 3.4 crore, lower than Rs 2.95 crore last year. Expenditure – Costs related to…
- Protecting Personal Data: Where Grievance Redressal Falls Short December 9, 2022
- Latest developments in the ransomware attack on AIIMS-Delhi as it partially resumes server facilities December 8, 2022
- EPoS Systems at 5.33 Lakh PDS Shops in India, But No Response by Ministry on Device Failures December 8, 2022
- How does the new data protection bill affect platform gig workers? December 8, 2022
- Indian Govt to Pay Tariff to Telcos for SMS Alerts, Except Under Disaster Management Act December 8, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
By Soujanya Sridharan and Dr. Sarayu Natarajan Platform work and data: the intersection Every time you use a ride-hailing app, the matching algorithm processes...
New bill narrows focus over predecessors that went heavy on data sovereignty, localisation and compliance. What explains this change?
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
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...
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...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
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...