Third quarter results just in from Info Edge (BOM: 532777) (the Naukri.com group): the company has reported a Q3 net profit of Rs. 13.09 crores, up 60 percent from Rs. 8.158 crores for the same quarter last year. Compared to Q2, where the company had profit of Rs. 15.14 crores, this quarter was flat, even if you factor in a one time tax charge of Rs. 1.08 crores. Revenues were at Rs. 60.18 crores (net sales of Rs. 54.79 crores), up from Rs. 37.92 crores (net sales of 36.29 crores) for the corresponding quarter last year. Earnings rose from Rs. 4.8 per share from Rs. 3.3 per share in Q3 last year. Advertising and promotional expenses were at Rs. 10.8 crores, up from 6.97 crores in Q3 last year.

Jeevansathi.com, their matrimonial listings portal has broken even in the quarter, but the real estate listings portal 99Acres continues to make losses. During the quarter, as we’d reported earlier, Info Edge stablished a subsidiary in Mauritius - Info Edge (India) Mauritius Ltd. So far, the company has spent just around only Rs. 2 crores on acquisition and strategic alliances; remember they had said that around Rs. 30 crores of the money they raise from the IPO would be for M&A.

Financials (pdf)

Disclaimer: I have an inconsequential number of shares of Info Edge

• Earnings: Naukri’s Q2 Profit At Rs. 15.14 Crores; 99Acres May Break Even Early
• Earnings: Naukri’s Q1 Net Profit At Rs. 116.41 Million; 99Acres And Jeevansathi Lose $1 Million