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Info Edge (Naukri) posts net profit of Rs 15.64 crore on revenues of Rs 66 crore for 3Q

Info Edge India (Naukri.com) has reported a decline of 9 per cent in its net income at Rs 15.64 crore for the third quarter ended December 2009, as compared to Rs 17.21 crore for the corresponding quarter of the previous fiscal year. Total income declined by 6 per cent to Rs 66.05 crore during Dec 2009 ended quarter from Rs 70.17 crore posted for the third quarter of the previous fiscal year.

Info Edge India (Naukri.com) has reported a decline of 9 per cent in its net income at Rs 15.64 crore for the third quarter ended December 2009, as compared to Rs 17.21 crore for the corresponding quarter of the previous fiscal year. Total income declined by 6 per cent to Rs 66.05 crore during Dec 2009 ended quarter from Rs 70.17 crore posted for the third quarter of the previous fiscal year.

“The environment continues to improve which should lead to top line (total income) and bottom line (net profit) expansion in subsequent quarters,” Ambarish Raghuvanshi, chief financial officer and director, Info Edge India, has said.

According to Info Edge, its real estate portal 99Acres.com continued to be in investment mode during the third quarter however, the losses reduced. Matrimony portal Jeevansathi.com and education portal Shiksha.com achieved a growth in revenues at 13.6 per cent and 92 per cent respectively.

Other verticals apart from Naukri.com and Quadrangle (including 99Acres.com and Jeevansathi.com) incurred an EBITDA (earnings before interest, taxes, depreciation and amortization) loss of Rs 3.81 crore in Dec 2009 ended quarter, as compared to Rs 4.94 crore in the same quarter last year.

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