Info Edge Q2 net profits dips marginally to Rs 33.22 cr

Info Edge, which owns online job portal Naukri, today reported a marginal drop in net profit at Rs 33.22 crore for the second quarter ended September 30.
The firm had posted a net profit of Rs 33.26 crore in the year-ago period, it said in a statement.
Net sales rose by 20 per cent to Rs 147.6 crore in July-September quarter of 2014-15 over the corresponding quarter in FY2013-14.
The company has also announced the change in Board of Directors with Chintan Thakkar, CFO, Info Edge India and Sharad Malik as Additional Director on its board. The changes to its Board are effective from October 16, 2014.

Hitesh Oberoi, Info Edge MD & CEO, said: "Growth in Naukri is sustaining and we expect it to improve as the economy picks up. We continue to invest aggressively in the 99acres business to further strengthen our Market leadership position".
Commenting on the results, Chintan Thakkar, CFO said: "The QIP response was a strong indication of investor confidence. It further strengthens our position in the Indian Internet space. This is further being reflected in growth in revenue".
During the quarter, recruitment solutions grew by 18.8 per cent while the real estate vertical grew by 32.5 per cent over the corresponding quarter in FY 2013-14.