Info Edge, the company behind popular platforms like Naukri.com, 99acres, Jeevansathi, and Shiksha, reported a strong financial performance in the Q1 of FY25. The company’s net profit surged by 47% year-on-year (YoY), reaching INR 233 crore. This is a significant increase compared to the INR 159 crore profit recorded in the same period last year.
Revenue Growth Across Segments
Info Edge profit for Q1 FY25 grew by 8% YoY, reaching INR 677 crore, up from INR 626 crore in the corresponding quarter of the previous year. The growth in revenue was driven by both recruitment and non-recruitment business segments. The recruitment business, which is the company’s core segment, continued its upward trend with a 5.6% YoY increase in revenue.
Info Edge Q1 Profit
The non-recruitment business verticals of Info Edge also performed well in the first quarter. The real estate platform 99acres recorded a 19.5% growth in revenue, while the matrimony platform Jeevansathi saw a remarkable 34.7% increase. Additionally, Shiksha, the education-focused platform, reported an 18.4% rise in revenue. These growth figures indicate a strong performance across Info Edge’s diverse portfolio of services.
Improved Profit Margins
Info Edge managed to maintain healthy operating profit margins at 35.6% of revenue during Q1FY25. The company’s operating profit increased by 8.8% YoY, reaching INR 227.3 crore, compared to INR 208.9 crore in the same quarter last year. This steady growth in operating profit underscores the company’s ability to manage costs effectively while driving revenue growth.
Non-Recruitment Businesses
Hitesh Oberoi, Managing Director and Chief Executive Officer of Info Edge, highlighted the company’s success in reducing losses in its non-recruitment businesses. Cash losses from these segments decreased by 73% YoY to INR 16.5 crore in Q1FY25. This improvement was driven by an 18% YoY increase in billings and controlled cost increases. Notably, the company’s matchmaking platform, Jeevansathi, is nearing breakeven, reflecting the effective management and growth strategy adopted by Info Edge.
Positive Outlook
Info Edge’s strong Q1 performance reflects its resilience and ability to navigate a challenging market environment. The growth in both recruitment and non-recruitment businesses, coupled with improved profit margins, positions the company well for the remainder of the fiscal year. As the company continues to expand its offerings and improve its financial performance, it remains a key player in India’s digital economy.
