Info Edge (India) Ltd, which runs sites such as Naukri.com and99acres.com, reported a 16 per cent rise in revenue, which stood at Rs 123.3 crore for the three months ended December 31, 2013, over the year-ago period. Net profit rose by just 4.5 per cent to Rs 32.2 crore in the same period.
Sequentially, revenue was flat while net profit declined and EBITDA margin shrank.
These are standalone numbers and do not include financials of subsidiaries running sites such as Meritnation, PolicyBazaar and Zomato.
Last quarter Info Edge invested more in its existing portfolio ventures Zomato, Meritnation and Canvera.
(Edited by Joby Puthuparampil Johnson) Leave Your Comment