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Info Edge Ltd Profit: Info Edge, a company that runs online portals like Naukri.com and Jeevansathi.com, has earned huge profit in the September quarter. The company has said that it has made a profit of 1,260 percent in the last quarter.
New Delhi. It was only last month that suddenly a company started being discussed a lot on social media. The reason was the gift he gave to his employees on the occasion of Diwali. This company had distributed trolley bags to all its employees as Diwali gift. Now the quarterly results of the company have shocked the market experts. The company has said that it has made 1,260 percent more profit on annual basis in the September quarter. The company not only filled its own treasury but also lavished money on its investors.
The name of this company is Info Edge India Limited, which is the parent company of many online portals. These portals include big names like Naukri.com, 99acres.com and Jeevansathi.com. This company recently announced its quarterly results and said that in the quarter ended September 30, it has made an overall net profit of Rs 316.39 crore, which is 1,260 percent more than last year. The net profit of the company in the same quarter last year was Rs 23.26 crore.
Only 15 percent jump in revenue
Even though the company’s profit has increased by hundreds of percent, the revenue has increased by only 15 percent. The company’s revenue in the September quarter was Rs 805.45 crore, which was 700.8 percent in the same quarter last year. The company’s profit before tax reached 403.7 percent which was Rs 335.3 crore in the second quarter of last year. If we look at the total earnings of the company, it had come down to Rs 6,070 crore as compared to Rs 8,170.2 crore last year.
Bumper cash balance with the company
The company’s financial position is quite strong, because its cash balance is also quite high. The cash balance of the company till September quarter was around Rs 4,823 crore. Not only this, the company has also strengthened its investment considerably. The company has invested Rs 146.5 crore in Eternal, Rs 575.8 crore in PB Fintech. The total holding value of investments till September 30 was Rs 722.3 crore.
Which company has the highest profit?
Info Edge’s flagship company Naukri.com has once again given huge profits. In the September quarter, the company’s revenue reached Rs 545 crore and operating profit margin reached 55.8 percent. So far, a database of more than 11.1 crore resumes has been prepared on this platform, in which 7.35 jobs have also been listed so far. The situation is that today about 26 thousand resumes are uploaded on the company’s portal every day. Another company 99acres has also earned Rs 122 crore with a growth of 14 percent on annual basis. Apart from this, Jeevansathi platform has also earned a revenue of Rs 34 crore with an increase of 29 percent on annual basis.
