New Delhi, February 5, 2025 – Info Edge (India) Limited (NSE: NAUKRI, BSE: 532777) has announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2024. The company reported robust revenue growth, improved operating margins, and increased cash flow.
Key Financial Highlights (Standalone)
| Particulars | Q3FY25 (₹ Cr) | YoY Growth (%) |
|---|---|---|
| Revenue from Operations | 672 | +12.8% |
| Billings | 668 | +15.8% |
| Operating Profit | 263 | +20.4% |
| Operating Profit Margin | 39.2% | - |
| Cash from Operations (before tax) | 346 | +26.9% |
| Earnings Per Share (EPS) | ₹20.06 | +21.2% |
Segment-Wise Performance
1. Recruitment Business
- Billings: ₹494 crore (+15.2% YoY)
- Revenue: ₹505 crore (+12.7% YoY)
- Operating Profit: ₹298 crore (+15.1% YoY), with a margin of 58.9%
- Key Updates:
- Strong growth in non-IT sectors such as BFSI, healthcare, infrastructure, and manufacturing.
- Naukri.com now boasts 104 million resumes, with an average of 19.5k resumes added daily.
- IT segment grew by 16%, non-IT by 17%, and recruitment consultants by 9%.
2. 99acres (Real Estate)
- Billings: ₹103 crore (+16.0% YoY)
- Revenue: ₹104 crore (+17.4% YoY)
- Operating Loss Reduced by 67% to ₹(5) crore.
- Key Updates:
- Strong growth in broker billings, outpacing developer billings.
- Live new project listings grew 9% YoY, and resale/rental listings increased by 20% YoY.
3. Jeevansathi (Matrimony)
- Billings: ₹28 crore (+36.0% YoY)
- Revenue: ₹27 crore (+23.6% YoY)
- Operating Loss Reduced by 51% to ₹(7) crore.
- Key Updates:
- Increasing engagement through acceptances and two-way chats.
- Continued focus on monetization strategies and cost efficiencies.
4. Shiksha (Education)
- Billings: ₹44 crore (+12.3% YoY)
- Revenue: ₹35 crore (+3.3% YoY)
- Operating Profit: ₹0 crore (breakeven).
- Key Updates:
- Growth driven by domestic private universities expanding course offerings.
- Investments continue in the Study Abroad platform despite external market challenges.
Consolidated Financial Performance
| Particulars | Q3FY25 (₹ Cr) | YoY Growth (%) |
|---|---|---|
| Total Revenue | 722 | +15.1% |
| Profit Before Tax (Before Exceptional Items) | 417 | +125% |
| Net Profit (After Tax & Exceptional Items) | 2,884 | +142% |
| Total Comprehensive Income | 3,182 | +21.3% |
Corporate Updates & Strategic Outlook
- Amalgamation of Subsidiaries: The company approved the merger of Allcheckdeals India, Axilly Labs, Diphda Internet Services, and Zwayam Digital with Info Edge to streamline operations and reduce redundancies.
- Stock Split Announced: The Board approved a 5-for-1 stock split, subject to shareholder approval.
- Strong Cash Reserves: With ₹4,290 crore in cash and investments, the company is well-positioned for future growth and potential acquisitions.
Management Commentary
Hitesh Oberoi, Managing Director & CEO, stated,"In Q3, we achieved 16% billing growth, driven by consistent performance across all four verticals. Our recruitment business continued its growth trajectory, while non-recruitment businesses are nearing breakeven, setting the stage for sustained profitability."
Chintan Thakkar, CFO, added,
"We witnessed 20% YoY growth in standalone operating profits and 27% growth in cash generated from operations. Our cash balance of ₹4,290 crore highlights our strong financial position and ability to invest in future opportunities."