Info Edge Dec-qtr profit rises to Rs 30.8 cr
Jan 21 2013 , New Delhi
The company, which owns many web portals including Naukri.Com, had a profit after tax of Rs 28.85 crore in the 2011 December quarter.
In the latest December quarter, net sales climbed to Rs 106.4 crore from Rs 92 crore in the year-ago period, Info Edge said in a statement.
"The key business of recruitment continues to decelerate in line with weak economic indicators. While other businesses have growth they are not as significant and do not contribute to the total bottom line," Info Edge CFO and Director Ambarish Raghuvanshi said.
According to him, the the company has continued to make discretionary investment in the businesses, including in recruitment, leading to erosion in margins.
"During the (December 2012) quarter revenue from recruitment solutions grew at 10.1 per cent while the real estate vertical grew by 54.6 per cent," the statement said.
Info Edge also owns other websites such as 99acres.Com, Jeevansathi.Com and Shiksha.Com.