Info Edge's March quarter net up over five-fold at Rs 33.6 cr

Info Edge, which runs job portal Naukri.Com, today posted over five-fold growth in net profit to Rs 33.6 crore for the quarter ended March 31, 2014.

This is against a net profit of Rs 6.3 crore registered in the fourth quarter of FY 2012-13, Info Edge said in a statement.

Its total income grew 14.2% to Rs 138.1 crore in the said quarter, from Rs 117 crore in the year-ago period.

For the year ended March 31, 2014, net profit stood at Rs 128.5 crore, while total income was at Rs 567.2 crore.

"Recruitment business continues to grow at an improved pace in line with improved business confidence level. This should improve as the economy continues to become more robust," Info Edge Group President Finance and CFO Ambarish Raghuvanshi said.

The real estate vertical has been growing at healthy rate and Info Edge will make the necessary investments to achieve leadership, he added.

During the year, recruitment solutions grew by 9.8%, while real estate vertical grew by 47.2% over previous year.

Info Edge runs other portals like Jeevansathi.Com, 99acres.Com and Shiksha.Com. It also owns Quadrangle (offline executive search business) and Naukri Gulf.

It also owns Brijj.Com, a professional networking site and Allcheckdeals.Com, an online real estate brokerage firm. It also has significant strategic investments in emerging internet companies like meritnation.Com, policybazaar.Com, mydala.Com, Canvera.Com, happily unmarried.Com and zomato.Com.

Headquartered in Noida, the company employs around 3,000 people and operates through 48 offices in 31 cities in India and overseas offices in Dubai, Riyadh, Abu Dhabi and Bahrain catering to the Middle East market.