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Info Edge sees 72% jump in Q4 profit
Info Edge sees 72% jump in Q4 profit
By: iMedia News Bureau

Last fiscal year proved to be extremely fruitful for the Internet Company Info Edge (India). The internet giant posted a 72 per cent jump in profit-after-tax at Rs 39.97 crore in the last quarter till March 31, 2012.

Info Edge owns a host of websites in India namely naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com.

In January-March quarter this year, their net sales climbed to Rs 105.89 crore from Rs 81.47 crore in the same period a year ago.

The company invested in India at the time when digital media was still evolving and now is the perfect time to reap the benefits of their extensive investment. Info Edge has made significant strategic investments into emerging internet companies with websites like meritnation.com, policybazaar.com, mydala.com, 99labels.com and zomato.com.

Overwhelmed by the success, Ambarish  Raghuvanshi, CFO and Director, Info Edge (India) Limited said, “The quarterly and annual results reflect the strong competitive position of Naukri, robust growth in 99Acres and also growth in smaller businesses, strong operating leverage in Naukri and brought forward deferred revenues. The business outlook for the next six months is somewhat muted given the GDP position and the weak business confidence levels.”

Company reported that this year their profit-after-tax stood at Rs 122.6 crore against Rs 83.97 crore in the corresponding period previous fiscal and net sales rose to Rs 375.64 crore from Rs 293.62 crore(previous year).

Info edge is one company that has shown a 360 degree presence on the Indian internet canvas and the rising profit scale certainly points towards the soaring digital media trust in India.