Earnings: Naukri’s Q1 Net Profit At Rs. 116.41 Million; 99Acres And Jeevansathi Lose $1 Million

Info Edge (BSE: Naukri) has reported a net profit of Rs. 116.41 million for Q1, ending June 30th 2007, up 123 percent rise from Rs. 52.19 million for Q1 2006-07. However, Rs. 54.57 million of Total Income is Other Income, of which Rs. 33.91 million is dividend income from mutual fund investments, and Rs. 10.54 million profit from sale of mutual fund investments. Total income grew 77 percent at Rs. 520.01 million as compared to Q1 of 2006-07. During the conference call, MD Sanjeev Bikhchandani said that their focus remains on topline, and profit is a derived figure.

Nearly one third of Naukri

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