Info Edge India Ltd. (Naukri) posts 6.3 percent increase in Profit Before Tax at 21.95 Crore for 2Q 2009-10

Info Edge (India) Limited posted a 6.3 percent increase in Profit Before Tax at 21.95 Crore for 2Q 2009-10.

Quarter Ended September 30, 2009
• Total Income in Q2 of FY 09-10 at 64.51 Crore, a 10.8 percent drop over the corresponding quarter in FY 08-09. Operating income is 56.16 Crore, which is 14 percent lower compared to the corresponding quarter last year.
• EBITDA is at Rs 23.51 Crore compared to 22.39 Crore being 5 percent higher as compared to the corresponding quarter in FY 08-09. Operating EBITDA is at Rs 15.16 Crore which is 2.17 percent lower as compared to the corresponding quarter in FY 08-09.

Ambarish Raghuvanshi, CFO and director, Info Edge India, has said, “The hiring environment continues to improve, albeit gradually. The drop in topline revenues and operating income reflects the changed scenario from the last year and is in line with expectations. However, the improvement is reflected in growth based on sequential quarter.”

About Info Edge (India) Ltd
Info Edge (India) Ltd (NSE: NAUKRI) is one of the largest internet company in India. Info Edge owns and manages Naukri.com - India’s no. 1 job site, Jeevansathi.com – India’s fastest growing matrimonial portal, 99acres.com - India’s No.1 real estate portal, Shiksha.com - an education portal, Quadrangle – an offline executive search firm, and Naukri Gulf – its foray into the Middle East market. Info Edge also owns Asknaukri.com, a career guidance site and Brijj.com, a professional networking site and Allcheckdeals.com, an online brokerage firm.

Info Edge has ventured into newer businesses and territories and attracted investments from leading venture capitalists. Formerly an ICICI Ventures investee company, Kleiner, Perkins, Caufield & Byers and Sherpalo Ventures have also invested in the Company. Info Edge raised Rs. 1,703 million through an IPO in the month of November 2006. The company has attracted a very high quality list of institutional shareholders and had a total of 10,664 shareholders on Sep 30, 2009.

With its headquarters in Noida (NCR), the company employs over 1450 people and operates through 53 offices in 34 cities in India and overseas offices in Dubai Riyadh and Bahrain catering to the Middle East market.