Info Edge Q1 net down 21% at Rs 32 cr on lower other income

Online classifieds provider in recruitment, matrimonial, real estate and education Info Edge  's net profit fell by 20.5% quarter-on-quarter to Rs 31.8 crore in the quarter ended June 2012 due to fall in other income and rise in expenditure.

Other income dropped more than 30% to Rs 10.61 crore during the same period. Employees cost increased to Rs 40 crore from Rs 37.26 crore and advertising cost went up to Rs 15 crore from Rs 14.25 crore during the same period.

Other expenditure moved up from Rs 9.9 crore to Rs 11.245 crore while interest cost too increased from Rs 1.6 lakh to Rs 1.8 lakh.

Net sales were largely unchanged at Rs 106 crore in the first quarter of FY13.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer 

DENIP Consultants Pvt Ltd