Info Edge Q3 net profit up 76%

Info Edge, which owns online job portal Naukri, today reported over 76 per cent increase in standalone net profit to Rs 47.1 crore for the December quarter of the current fiscal.
It had posted net profit of Rs 26.7 crore in the October- December period of last fiscal, it said in a statement.
The company's total income from operations stood at Rs 186 crore in the quarter under review, up 12 per cent from Rs 175.8 crore in the October-December period of 2015-16.
Recruitment solutions grew by about 13 per cent, while the real estate vertical was up 9 per cent over the year-ago period.

"As a result of our revenue growing profitably, our operating EBITDA for this quarter has grown by 58 per cent year-on-year and the first nine months operating EBITDA growth is 91 per cent. We have been benefiting from an efficient growth in our businesses," Info Edge Chief Financial Officer Chintan Thakkar said.
Shares of the company closed at Rs 863.25 apiece, up 2.14 per cent, on the BSE.