| |DECEMBER, 20248TECH MINTFor the quarter ended September 30, Info Edge, the parent firm of the job-listing website Naukri, reported a net profit of 85 crore, a 64 percent decrease from 240 crore in the same period last year.The second quarter's operating revenue increased by 12 percent to 701 crore.In comparison to Q2 FY 2023-24, when employee benefits totaled 276.41 crore, the total expenses for the quarter increased to 305.71 crore. Costs for advertising and promotion increased from 68.63 crore to 75.55 crore. Prior to unusual items, the profit was 331.49 crore.Due mainly to fair valuation adjustments, the company reported an unusual gain of 108.04 crore, increasing the profit before tax to 439.53 crore from 277.42 crore during the same period the previous year.Due to deferred tax adjustments associated with recent modifications to the Finance Act, net profit after tax expenses was 232.29 crore, which was somewhat less than previous year's 240.86 crore.For FY 2024­2025, the board also announced an interim dividend of 12 per share, with a record date of November 20 and a payment date of December 4 at the latest.In the September quarter, Info Edge's total income from its recruiting services, Naukri, increased by over 10 percent to 515.09 crore, up from 467.97 crore during the same period the previous year.It increased 5.7 percent sequentially from the June quarter's Rs 487.17 crore.At 102.03 crore YoY and 3.2 percent, its real estate vertical 99acres produced income that was about 17 percent higher than 98.79 crore.Other business revenue, such as that from education (Shiksha) and matrimony (Jeevansaathi), rose to 83.69 crore in Q2 FY25 from 70.58 crore in the same period last year. This was a 7.7 percent decrease from the June quarter prior, though. INFO EDGE CLOCKS NET PROFIT OF 85 CRORE, 64 PERCENT DECLINEThe second quarter's operating revenue increased by 12 percent to 701 crore
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