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Info Edge reports profit of Rs 25.61 crore for Q1, FY11; net sales of Rs 86.65 crore

Info Edge (India), which runs which Naukri.com,
99Acres, Jeevansathi.com, Shiksha.com, for
the quarter ended June 30, 2011, has reported a profit after tax (PAT) of Rs 25.61
crore compared to 17.2 crore for quarter ended June 30, 2010. The company has
also recorded net sales of Rs 86.65 crore compared to Rs 65.88 crore in quarter
ended June 30, 2010.

Info Edge (India), which runs which Naukri.com,
99Acres, Jeevansathi.com, Shiksha.com, for
the quarter ended June 30, 2011, has reported a profit after tax (PAT) of Rs 25.61
crore compared to 17.2 crore for quarter ended June 30, 2010. The company has
also recorded net sales of Rs 86.65 crore compared to Rs 65.88 crore in quarter
ended June 30, 2010.

During the quarter, recruitment solutions grew at 27.9 per
cent while the real estate vertical grew by 52.5 per cent. In the quarter the
real estate vertical after achieving break even and made a small profit of Rs
6.6 million. Losses at the EBITDA level from other verticals were at Rs 2.7
crore compared to Rs 2.5 crore in the same quarter last year.

Ambarish Raghuvanshi, CFO and director, Info Edge, said, “The
results for the quarter reflect buoyancy in the hiring environment, transaction
flow in the real estate segment and improved internet infrastructure,
principally in mobile access which offer opportunities to grow. We continue to
see high operating leverage in the recruitment business through growth and
leadership position. The outlook in the medium term continues to be positive
although there could be near term volatility due to macro concerns which may
impact the main lines of the company’s business.”

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