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Info Edge reports revenue of Rs 105.9 crore in Q1 FY 12-13; up by 22.3%

Info Edge (India) Ltd has reported 22.3 per
cent growth in net revenue for the quarter ended June 30, 2012, to Rs 105.9
crore over Q1 of last year. Standalone net profit rise 24 per cent to Rs 31.78
crore in the same period. The group, which owns Naukri.com and other leading
portals, had a net sales figure of Rs 105.98 crore in the April-June quarter,
2012-13 compared to Rs 86.66 crore in the same period a year ago.

Info Edge (India) Ltd has reported 22.3 per
cent growth in net revenue for the quarter ended June 30, 2012, to Rs 105.9
crore over Q1 of last year. Standalone net profit rise 24 per cent to Rs 31.78
crore in the same period. The group, which owns Naukri.com and other leading
portals, had a net sales figure of Rs 105.98 crore in the April-June quarter,
2012-13 compared to Rs 86.66 crore in the same period a year ago.

During this quarter, Info Edge’s
recruitment solutions grew at 19 per cent while the real estate vertical grew
by 47 per cent. Info Edge also completed its second bonus issue since it went
public. Shares were allotted to existing shareholders in 1:1 ratio, the same
ratio as its previous bonus issue in October 2010.

Ambarish Raghuvanshi, CFO and director of
Info Edge (India) Ltd, said in a statement, “On a year-on-year basis, the
financial results reflect the strong position in its main market. However, on a
sequential quarter, sales are flat since the fourth quarter is usually a strong
quarter. Also, we are seeing a deceleration in the economy and recruiting
activity, which will translate into slower growth in subsequent quarters.”

Among others, Jeevansathi.com, 99acres.com
and Shiksha.com are part of Info Edge group.  Also, Info Edge has invested in emerging
Internet companies such as Meritnation.com, Policybazaar.com, Mydala.com,
99labels.com And Zomato.com.

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