0 0
0 0
HomeTop NewsInfo Edge Registers Q2 Net Profit Of Rs 94 Crore

Info Edge Registers Q2 Net Profit Of Rs 94 Crore

-

Info Edge Registers Q2 Net Profit Of Rs 94 Crore
Read Time:1 Minute, 55 Second


On Friday, Info Edge’s shares surged 7.46 per cent to Rs 4,099.65 apiece.(Representational)

Noida:

Noida-based Info Edge, which runs Naukri.com and Jeevansathi.com, posted a net profit of Rs 93.9 crore in the September quarter of the financial year 2022-23. However, the company said this is not comparable with the profit of September quarter of 2021 because it incurred an exceptional gain of Rs 8,269.2 crore from the public listing of the foodtech Zomato, in which InfoEdge holds a considerable stake.

The company had reported a net profit of Rs 7,372.2 crore in the year-ago quarter.

On a quarter-on-quarter (QoQ) basis, Info Edge’s net profit declined 67 per cent during the September quarter (Q2) in the financial year 2022-2023 (FY23).

The company in a statement said that its revenue from operations surged 65 per cent to Rs 604.1 crore during the September quarter, against Rs 366 crore in the corresponding period of last fiscal last year.

The company in the statement said total expenses jumped 90 per cent to Rs 522.8 crore in Q2 FY23, against Rs 275.8 crore in the year-ago period. Marketing costs surged close to 70 per cent to Rs 105 crore, against Rs 61.8 crore during the September quarter of FY22.

The company said the biggest chunk of the total expenditure was employee expenses, which grew 71 per cent year-on-year (YoY) to Rs 300 crore.

On Friday’s trading session, the company shares surged 7.46 per cent to Rs 4,099.65 apiece and gained as much as 5.14 per cent in a span of five days.

Info Edge (India) is an Indian pure-play internet company, based in Noida of Uttar Pradesh. It was founded by Sanjeev Bikhchandani in 1995. The company runs an online job portal Naukri.com, a matrimony website Jeevansathi.com, a real estate classifieds platform 99Acres.com, a workplace discover platform AmbitionBox.com and an educational website Shiksha.com.

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Featured Video Of The Day

Sensex Rallies Over 900 Points, Tracking US Stocks Best Performance Since 2020



Source link

About Post Author

Newslaava

“I am an architect, animator and teacher working in architecture and design at __india__. This site is a great resource for anyone looking to get more updates from their home. Fill your home (heart) with more trending accessories from choosing the best colors for your mind room. NewsSalava.com will rob your heart .... Cool
Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %
Newslaava
Newslaavahttps://newslaava.com
“I am an architect, animator and teacher working in architecture and design at __india__. This site is a great resource for anyone looking to get more updates from their home. Fill your home (heart) with more trending accessories from choosing the best colors for your mind room. NewsSalava.com will rob your heart .... Cool

Related articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

[td_block_social_counter custom_title="Stay Connected" block_template_id="td_block_template_4" header_color="#ea2e2e" f_header_font_family="522" f_header_font_transform="uppercase" f_header_font_style="italic" f_header_font_size="eyJsYW5kc2NhcGUiOiIxNSIsInBvcnRyYWl0IjoiMTQifQ==" facebook="tagDiv" twitter="tagdivofficial" youtube="tagdiv" instagram="tagdiv" style="style10 td-social-boxed td-social-colored" tdc_css="eyJwaG9uZSI6eyJtYXJnaW4tYm90dG9tIjoiMzIiLCJkaXNwbGF5IjoiIn0sInBob25lX21heF93aWR0aCI6NzY3fQ=="]
spot_img

Latest posts