wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge net profit remains flat YoY at Rs 78.5 Cr, Naukri revenues up by 15%

Info Edge, which runs multiple internet companies such as Naukri, Jeevansathi, and 99Acres, and is an investor in Zomato, has reported a net profit of Rs 78.5 crore for the quarter ended September 2018 (Q2FY19). Net profit has remained more or less flat over the same quarter last year when it was Rs 79 crore. Total income for Info Edge was Rs 292.5 crore, up 16% year-on-year (YoY). Other income was at Rs 27.4 crore. Net sales (revenue) was up 17% year-on-year at Rs 265 crore. Segment results Recruitment Solutions (including and mostly Naukri.com) reported revenues of Rs 190 crore, up 15.7% YoY from Rs 164.7 crore. On a sequential basis, it grew 3.6% from Rs 184 crore. The segment posted a profit before tax of Rs 101 crore, slightly lower than Rs 102 crore reported last quarter, and higher than the Rs 95 crore reported for the same quarter last year. Real estate portal 99acres reported revenues of Rs 45 crores, up from the Rs 41 crore reported last quarter, and Rs 32.6 crore reported in the same quarter last year. Loss for the period stood at Rs 6 crore, significantly lower from last quarter when it was 12.8 crore, but higher by 555% from the same quarter last year when it was nearly Rs 1 crore. Other segments, including Shiksha and Jeevansathi, reported Rs 29 crore in revenues, compared to Rs 27.7 crore last year, and Rs 33.5 crore last quarter. The segment posted a loss of Rs 8.3 crore, higher 124% YoY from Rs 3.7 crore. Even over the last quarter, losses have increased by…

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

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

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

Views

News

Is it safe to consider all "publicly available data" as public?

News

PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

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