Info Edge net profit swells 56% to Rs 43.7 cr

Info Edge, which runs job portal Naukri.Com, today reported a more than 56 per cent rise in standalone net profit at Rs 43.7 crore for the quarter ended June 2016.
This is against a net profit of Rs 27.9 crore for the year-ago period, it said in a statement.
Total income from operations rose 13 per cent to Rs 197.5 crore for the April-June quarter of this fiscal compared with Rs 174.7 crore a year ago.
"The growth is led by increase in revenue and operational efficiency, particularly in marketing spend. Naukri continues to grow from strength to strength and has 75 per cent traffic share of the job portal market," Info Edge CFO Chintan Thakkar said.

As for 99acres.Com, the environment in the real estate market continues to be tough, but losses were moderate compared with last year due to lesser competition, he added.
During the quarter, recruitment solutions grew by about 17.1 per cent while the real estate vertical was up 16.5 per cent over the corresponding quarter in 2015-16.