Info Edge's Q1 profit grows 32% on year, but falls sequentially
Info Edge reported a 32% increase in net profit for the quarter ending June 30, driven by revenue growth in recruitment and non-recruitment sectors. While overall billings grew, the recruitment business experienced a slowdown due to macroeconomic challenges and contract deferrals. The company remains cautiously optimistic, planning increased investments in 99acres and Jeevansathi to boost market share.
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Economic Times
2 days ago
- Economic Times
Info Edge's Q1 profit grows 32% on year, but falls sequentially
ETtech Info Edge, the parent company of job site 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 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 recruitment business and higher expenses related to marketing and employee benefits. Billings from Info Edge's core recruitment business grew 9% year-on-year to Rs 470 crore, but moderated from the previous quarter's 18.4% expansion. Managing director and chief executive Hitesh Oberoi attributed this slowdown to macroeconomic challenges, including geopolitical uncertainties and softness in sector-specific demand, which have affected investment decisions of companies. 'We observed a trend of contract deferrals by some clients towards the end of the quarter which is usually the peak period for closures. As a result, renewal activity was impacted, leading to a moderation in overall billings growth,' he said at the quarterly earnings call.'Despite the recent moderation in recruitment billings, we remain cautiously optimistic about growth momentum in the quarters ahead,' he company's non-recruitment portfolio, which includes real estate listing platform 99acres, matrimony service Jeevansathi and education portal Shiksha, recorded combined billing growth of 17.6% during the quarter, according to an investor Edge's total income rose to Rs 1,004 crore for the quarter from Rs 827 crore a year ago, while expenses increased to Rs 563.8 crore from Rs 484.5 crore. Employee benefit expenses and advertising costs surged 11.7% and 26.8%, cited an advertising campaign during the Indian Premier League for increased marketing expenses on Naukri, and said it plans to moderate spending in this segment. However, it believes businesses such as 99acres and Jeevansathi require increased marketing investments to gain greater market from the recruitment solutions business, including grew 15% YoY to Rs 562 crore. Revenue from 99acres increased 12% to Rs 110.6 crore. Other businesses, including Jeevansathi and Shiksha, grew 30%.Regarding the impact of artificial intelligence on the job market, Oberoi said although AI adoption is still in early stages, there is a noticeable softness in demand. He cited a slowdown in hiring and business activity in certain domestic non-IT industries as well as IT services companies. 'What we are sensing right now is that there seems to be more demand for premium talent than regular sort of job seekers.' Info Edge, an early investor in the Indian startup ecosystem with stakes in companies such as Eternal and PB Fintech, recently secured shareholder approval to invest up to Rs 1,000 crore in its Info Edge Ventures Fund III to ramp up startup investments. According to the company's investor presentation, it currently holds 20 active investments in unlisted startups with a total carrying value of Rs 639 of Info Edge ended at Rs 1,332.50 on the BSE on Friday, down 2.1% from the previous close. Elevate your knowledge and leadership skills at a cost cheaper than your daily tea. End of an era: The Maggi Man who rebuilt Nestlé India bows out In a flat market, are REITs the sweet spot between growth and safety? India's last cement IPO did not work. Can JSW Cement break that curse? The airport lounge war has begun — and DreamFolks is losing Stock Radar: APL Apollo Tubes stock fails to hold momentum after hitting highs in June; what should traders do? Multibagger or IBC - Part 18: This auto ancillary started with wheels. It now also powers wind & war Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus Transformation underway & no tariff threat: 6 large-caps power stocks with an upside potential of up to 36%
Time of India
2 days ago
- Time of India
Info Edge's Q1 profit grows 32% on year, but falls sequentially
Synopsis Info Edge reported a 32% increase in net profit for the quarter ending June 30, driven by revenue growth in recruitment and non-recruitment sectors. While overall billings grew, the recruitment business experienced a slowdown due to macroeconomic challenges and contract deferrals. The company remains cautiously optimistic, planning increased investments in 99acres and Jeevansathi to boost market share.
Time of India
27-05-2025
- Time of India
Info Edge Q4 revenue rises 14% to Rs 750 crore; net profit surges 8x to Rs 678 crore
Info Edge , the parent company of job site Naukri , on Tuesday posted a 14% year-on-year rise in operating revenue to Rs 750 crore for the quarter ended March, riding on growth in its recruitment and non-recruitment businesses. The company reported a net profit of Rs 678 crore, a significant jump from Rs 88 crore a year earlier. Total expenses during the fourth quarter of FY25 increased to Rs 539 crore from Rs 469 crore a year earlier. A significant amount of the expenditure was attributed to employee benefits, which amounted to Rs 331 crore; advertising and promotion costs totalled Rs 100 crore, while other expenses were at Rs 49 crore. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Mountain Gear for Extreme Conditions Trek Kit India Learn More Undo The company's recruitment solutions business, which includes grew 13% YoY to Rs 542 crore, while revenue from real estate listing portal 99acres rose 14% to Rs 106 crore. Revenue from other businesses, including and increased nearly 20% to Rs 101 crore. For FY25, Info Edge reported revenue of Rs 2,849 crore, up 12% from the previous year, and a net profit of Rs 1,310 crore, up from Rs 594 crore in FY24. Live Events 'After a muted start, recruitment billings accelerated well quarter-over-quarter, growing over 18% in Q4. Our non-recruitment businesses also sustained their momentum, gaining market share over the past few quarters and turning cash-positive for the full year,' said managing director and chief executive Hitesh Oberoi. Discover the stories of your interest Blockchain 5 Stories Cyber-safety 7 Stories Fintech 9 Stories E-comm 9 Stories ML 8 Stories Edtech 6 Stories 'All our businesses performed well in Q4, resulting in a 15% year-over-year growth in cash flow from operations,' said director and chief financial officer Chintan Thakkar. As of March 31, 2025, the company's standalone cash balance, including at wholly owned subsidiaries, was at Rs 4,786 crore. Last week, shareholders of Info Edge approved a proposal to invest up to Rs 1,000 crore in Info Edge Ventures Fund III , paving the way for the Noida-based company to ramp up its startup investments. Info Edge was an early investor in the Indian startup ecosystem, with bets on companies such as Zomato (now Eternal) and PB Fintech (Policybazaar). Earlier this month, cofounder Sanjeev Bikhchandani said in a letter to shareholders that Info Edge's stakes in Eternal and PB Fintech were together valued at Rs 31,500 crore (as of March 31, 2025). According to the company's investor presentation, it has 20 active investments in unlisted startups, with a total carrying value of Rs 636 crore.
