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Technology

Info Edge reports 10.7% growth in net profit with Rs 76.3cr

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House » Earnings, Earnings Mar-18 information edge, Web Information Edge, which runs a number of Web corporations similar to Naukri, Jeevansathi, and 99Acres, has reported a internet revenue of Rs 76.three crore for the quarter ended March 2018 (This fall FY18). Web revenue was up 10.7% from Rs 68.9 crore in the identical quarter final 12 months.Complete revenue for Information Edge was as much as Rs 263.2 crore, up 19.eight% year-on-year (YoY). Web gross sales (income) was up 15.5% year-on-year at Rs 240.7 crore. Billing for the corporate elevated to Rs 304.2 crore, up 15.5% year-on-year.Phase resultsRecruitment Options (together with and largely Naukri.com) reported revenues of Rs 175.2 crore, up 12.6% YoY from Rs 155.5 crore. On a sequential foundation, it grew three.6% from Rs 169 crore. The phase posted a revenue earlier than tax of Rs 90.eight crore, marginally decrease than Rs 94.6 crore reported final quarter, and better than Rs 84.four crore reported for a similar quarter final 12 months.Actual property portal (99acres) reported revenues of Rs 37.three crores, up from Rs 34.1 crore reported final quarter, and Rs 27.5 crore reported final 12 months. Loss for the phase for the interval stood at Rs 14.9 crore, greater than Rs eight.9 crore reported final quarter, and better than Rs 12.9 crore reported for a similar interval final 12 months.Different segments, together with Shiksha and Jeevansathi, reported Rs 28.2 crore in revenues, in comparison with Rs 25.four crore final 12 months. The phase posted a lack of Rs 12 crore, greater than Rs four.2 crore final 12 months.Expenditure– Prices associated to staff continued to be the biggest expenditure for Information Edge. It stood at Rs 104.77 crore in comparison with Rs 93.57 crore within the final quarter. Worker prices amounted to 56.05% of the entire expenditure.– Promoting and promotion prices stood at Rs 47.83 crores, greater than the Rs 25.55 crore reported final quarter. Advert bills accounted for 25.59% of the entire expenditure this quarter.

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