Moneycontrol
Get App
Last Updated : Aug 13, 2019 09:42 PM IST | Source: PTI

Info Edge Q1 net profit up 6% to Rs 66.7 cr

The company's revenue from operations rose 20.5 per cent to Rs 312.7 crore in the quarter under review from Rs 259.5 crore in the corresponding quarter last year, it added.

Representative image
Representative image
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Info Edge (India), the owner of job portal naukri.com, on August 13 reported a 6 per cent increase in standalone net profit at Rs 66.7 crore for the June quarter. The company's net profit stood at Rs 62.9 crore in the year-ago period, Info Edge said in a regulatory filing.

The company's revenue from operations rose 20.5 per cent to Rs 312.7 crore in the quarter under review from Rs 259.5 crore in the corresponding quarter last year, it added.

"We witnessed yet another robust quarterly performance with the key matrices such as billing, revenue, total income and operating EBITDA growth touching about 20 per cent on year-on-year basis," Info Edge CFO Chintan Thakkar said.

Close

He added that the company continues to leverage its strong cash-surplus position to invest in technology and branding.

"We have also completed the acquisition of IIMJobs and are excited with its growth opportunity," he said.

In May, Info Edge had announced the acquisition of Highorbit Careers, which operates job portals iimjobs.com and hirist.com, for a cash consideration of Rs 80.82 crore.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months at 289. Use code FREEDOM.
First Published on Aug 13, 2019 09:35 pm
Loading...
Sections
Follow us on
Available On
PCI DSS Compliant