Info-tech

Info Edge Q1 net profit jumps 45% to Rs 64 cr

PTI New Delhi | Updated on January 11, 2018 Published on July 24, 2017

Info Edge, which runs online job portal Naukri.com, today reported over 45 per cent increase in standalone net profit to Rs 63.56 crore for the first quarter ended June 30, 2017.

It had posted a net profit of Rs 43.78 crore in the corresponding quarter of previous fiscal, it said in a BSE filing.

The company’s total income stood at Rs 248.85 crore in the quarter under review, up 12.14 per cent from Rs 221.91 crore in the April—June 2016 quarter.

“Our EBITDA margin has been consistently accelerating for the past three quarters. This quarter, the EBITDA margin after adjusting for the non—cash charge for ESOPs is at healthy 35.5 per cent and the adjusted EBITDA is up by 44 per cent compared to the corresponding quarter of the last year,” Info Edge CFO Chintan Thakkar said.

During the quarter, recruitment solutions grew by about 11 per cent, while the real estate vertical grew by 12.6 per cent over the corresponding quarter in FY 2016—17.

Apart from Naukri.com, Info Edge also runs Jeevansathi.com (matrimonial portal), 99acres.com (real estate portal) and Shiksha.com, an education website.

Info Edge has also made significant strategic investments into emerging Internet companies like Zomato, Meritnation, Policybazaar, Canvera and Happily Unmarried.

Shares of the company closed 2.41 per cent down at Rs 983.50 on BSE.

Published on July 24, 2017
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