Top News

Info Edge (Naukri) reports net profit of Rs 63.14 crore for 2010-2011 fiscal

Info Edge India has reported a growth of 21 per cent in its net profit at Rs 63.14 crore for 2010-2011 fiscal compared to the previous year. The company also recorded net sales of Rs 321.73 crore from Rs 237.08 crore in the previous financial year. The numbers are reported from the consolidated results that came in from the group’s businesses that include Naukri.com, 99Acres.com, JeevanSathi.com, Shiksha.com and its investments in PolicyBazaar.com, MeritNation.com and AllCheckDeals.com.

Info Edge India has reported a growth of 21 per cent in its net profit at Rs 63.14 crore for 2010-2011 fiscal compared to the previous year. The company also recorded net sales of Rs 321.73 crore from Rs 237.08 crore in the previous financial year. The numbers are reported from the consolidated results that came in from the group’s businesses that include Naukri.com, 99Acres.com, JeevanSathi.com, Shiksha.com and its investments in PolicyBazaar.com, MeritNation.com and AllCheckDeals.com.

The company on a standalone basis has recorded net profits of Rs 83.97 crore over net sales of Rs 293.62 crore for the year ended 31st March 2011, compared to Rs 232.22 crore in the year ended March 31, 2010. During the year, 99Acres.com grew by 71.9 per cent and the business broke even and made a small profit of Rs 39 lakh.

Commenting on the results, Ambarish Raghuvanshi, CFO and director, Info Edge said, “There is a significant increase in net sales and margin indicates as a result of an improvement in the recruitment and real estate segments and in the competitive position. This augurs well in a continued robust economy.”

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close