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