Info Edge, the owners of Naukri.com, has announced the Q3 FY07 results. The company has recorded net revenues of Rs 36.29 crore ($8 million) in Q3, a 71 per cent growth over the same period last year. The net profits stay at Rs 8.16 crore ($1.83 million) in Q3.
As for the nine months, the total income increased 71 per cent at Rs 99.87 crore ($22.4 million) over the same period of last financial year. EBITDA for the nine months grew by 62 per cent at Rs 28.79 crore as compared to the same period last financial year. A company statement said that the new businesses Jeevansathi.com and 99acres.com continue to be in investment mode incurring losses. So the most of the money has come in from Naukri.com.
The company’s total expense has also shot up. For the first nine months of FY07, total expense grew by 75 per cent at Rs 71 crore owing to an 82 per cent rise in staff costs (new hires and also senior level hiring). The company’s advertising costs have also increased by 76 per cent over the nine months of the last financial year due to increased spending on brand building for new and existing businesses.
The results were announced after market hours. The shares of Naukri – the first Indian internet company to list in Indian bourses – today closed 1.21 per cent higher at Rs 742.10.
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