Info Edge’s Q1 profit grows 32% on year, but falls sequentially

Info Edge, the parent company of job site Naukri.com, on Friday reported a more than 32% increase in net profit for the quarter ended June 30 compared with a year earlier, supported by revenue growth in both its recruitment and non-recruitment businesses.

The Noida-based firm’s net profit rose to Rs 342.8 crore from Rs 258.8 crore in the first quarter of last fiscal year. Consolidated operating revenue increased 17% to Rs 790.8 crore.

Sequentially, however, net profit nearly halved from Rs 677.8 crore, primarily due to slower billing growth in its…