Info Edge Q1 Net falls 7.5% to Rs 29.4 cr
Internet firm Info Edge, which owns job portal Naukri.com, today reported 7.5 per cent fall in its standalone net profit at Rs 29.4 crore for the first quarter ended June 30, 2013.
By PTI | Updated:
NEW DELHI: Internet firm Info Edge, which owns job portal Naukri.com, today reported 7.5 per cent fall in its standalone net profit at Rs 29.4 crore for the first quarter ended June 30, 2013.
The Noida-headquartered firm had reported a net profit of Rs 31.8 crore in the year-ago period, it said in a BSE filing.
The standalone rose by 14 per cent to Rs 120.8 crore in the April-June quarter of 2013-14 from Rs 105.9 crore in the same period last fiscal.
"While the operating environment continues to be difficult, we are continuing to deliver solid performance across businesses through market dominance and investment in product/technology," Info Edge CFO and Director Ambarish Raghuvanshi said.
The revenue from recruitment solutions grew at 8 per cent while the real estate vertical grew by 47.5 per cent. Deferred sales revenue hit an all-time high of Rs 132 crore, he added.
The firm operates primarily in the Internet-based service delivery in four verticals -- recruitment, real estate, matrimony and education.
Shares of the company today rose by 10.32 per cent to settle at Rs 316.85 apiece from its previous close on BSE.
The Noida-headquartered firm had reported a net profit of Rs 31.8 crore in the year-ago period, it said in a BSE filing.
The standalone rose by 14 per cent to Rs 120.8 crore in the April-June quarter of 2013-14 from Rs 105.9 crore in the same period last fiscal.
"While the operating environment continues to be difficult, we are continuing to deliver solid performance across businesses through market dominance and investment in product/technology," Info Edge CFO and Director Ambarish Raghuvanshi said.
The revenue from recruitment solutions grew at 8 per cent while the real estate vertical grew by 47.5 per cent. Deferred sales revenue hit an all-time high of Rs 132 crore, he added.
The firm operates primarily in the Internet-based service delivery in four verticals -- recruitment, real estate, matrimony and education.
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Shares of the company today rose by 10.32 per cent to settle at Rs 316.85 apiece from its previous close on BSE.
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