Info Edge To Cross $50 Million Revenues This Year
Info Edge Ltd, the owners of jobs portal Naukri.com, seems to keeping up with the promise as far as its revenue growth is concerned. It will become India’s first internet company to cross revenues of Rs 200 crore (over $50 million) if everything goes well in the remaining part of the fiscal year. Info Edge has registered gross revenues of Rs 58.5 crore (net Rs 52.6 crore) in the second quarter ended September 30, 2007, which is up 80 per cent from Rs 32.5 crore revenues during the same period last year.
For the first six months of this fiscal, the Noida-based internet company’s revenues stand at Rs 110.48 crore (net Rs 99.1 crore), compared to Rs 61.8 crore during the same period last year. The net profits for the Q2 2007-08 stands at Rs 15.14 crore up from Rs 3.5 crore during the same quarter last year. The net profits for the half year stands at Rs 26.78 crore, up from Rs 8.77 crore last year.
The company seems to be delivering on the numbers despite the increasing competition in all verticals it’s operating - jobs, matrimonial and property classifieds.
