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Info Edge Q1 revenue rises 14% to Rs 676 crore, net profit down 50% amid weak IT sector hiring

Money Control

Money Control · 2y ago

Info Edge Q1 revenue rises 14% to Rs 676 crore, net profit down 50% amid weak IT sector hiring

Info Edge reports a 14% revenue increase to Rs 676 crore, but net profit drops 50% due to weakened IT sector hiring. The company's financial results reflect the impact of industry-specific challenges on hiring trends. The decline in net profit highlights the interconnectedness of economic sectors and their influence on recruitment dynamics, illustrating the broader effects of market fluctuations on employment trends.

Related News

Info Edge revenue rises 4% to Rs 626 crore in Q2 as IT sector's slow hiring hurts

Money Control

Money Control · 1y ago

Info Edge revenue rises 4% to Rs 626 crore in Q2 as IT sector's slow hiring hurts

Info Edge reported a 4% increase in revenue to Rs 626 crore in Q2. However, the growth of its recruitment platform Naukri was weak. The company's profit surged by 76% to Rs 262 crore due to cost-cutting measures. Info Edge's real estate vertical, 99acres.com, saw a 28% increase in revenue. Non-IT hiring remained strong, but a slowdown in IT hiring affected Naukri's growth.

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Entrackr

Entrackr · 1m ago

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Info Edge, the parent company of Naukri and 99acres, reported a 17% growth in operating revenue in the first quarter of the ongoing fiscal year (Q1 FY26), while its profit increased by 32%. The Noida-based company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, according to documents sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Info Edge’s operating revenue rose 5.5% to Rs 791 crore in Q1 FY26 from Rs 750 crore in Q4 FY25. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 562 crore in the quarter ending June 2025, a 15% year-on-year growth compared to Q1 FY25. Meanwhile, revenue from 99acres reached Rs 111 crore, while Jeevansathi and Shiksha contributed Rs 34 crore and Rs 50 crore, respectively, during the same quarter. The company added another Rs 213 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,004 crore in Q1 FY26. On the expense side, Info Edge spent 58% of its overall expenditure on employee benefits, which increased 12% year-on-year to Rs 327 crore in Q1 FY26. Its advertising and internet costs stood at Rs 127 crore and Rs 22 crore, respectively. The company’s overall cost grew 16% YoY to Rs 564 crore in Q1 FY26 from Rs 485 crore in Q1 FY25. Info Edge’s profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. Its EBITDA stood at Rs 468 crore in the same period. As of 2:22 PM (Friday, August 8), Info Edge is trading at Rs 1,333.5, down 2% from today’s opening price. The firm’s market capitalization stands at Rs 86,277 crore ($9.8 billion).

No Plans To Exit Portfolio Companies: Zomato-Backer Info Edge

Inc42 · 1y ago

No Plans To Exit Portfolio Companies: Zomato-Backer Info Edge

Info Edge co-founder, Sanjeev Bikhchandani, advises investors to stay invested for a long time to maximize their returns based on his previous experiences. Info Edge has seen significant gains on its investments in Zomato and PB Fintech, amounting to INR 2,189 Cr and INR 749 Cr respectively. In Q1 FY25, Info Edge's profit surged by 75% YoY to INR 258.85 Cr, with a 20% increase in revenue from operations to INR 827.92 Cr.

Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Inc42 · 1y ago

Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Info Edge, the parent company of popular platforms like Naukri.com and 99acres.com, has witnessed a strong performance in Q4 and fiscal year 2023-24. The standalone billings for Info Edge grew by 5.48% YoY to reach INR 2,495.9 crore in FY24. The recruitment solutions vertical, including Naukri and iimjobs, recorded standalone billings of INR 1,883.2 crore, while 99acres saw a surge of 23.5% to reach INR 385.1 crore. Analysts believe that the recovery in Naukri billings indicates a potential bottoming-out of IT hiring, and Info Edge is expected to report 15% YoY billings growth in FY25.

Passed On Opportunities To Invest In Flipkart, Snapdeal, Ola: Sanjeev Bikhchandani

Inc42 · 1y ago

Passed On Opportunities To Invest In Flipkart, Snapdeal, Ola: Sanjeev Bikhchandani

Sanjeev Bikhchandani, the co-founder of Info Edge, reflected on missed investment opportunities in startups like Flipkart, Ola, Bigbasket, and Snapdeal. Despite the misses, Info Edge owns a significant stake in Zomato and Policybazaar. Bikhchandani mentioned that the perception of being a good investor is based on whether enough investments turn out to be successful. He also expressed skepticism about the public market's receptiveness to loss-making companies' IPO ambitions unless there are clear prospects of profitability. Info Edge recently reported a 157% YoY increase in net profit for Q3 FY24.

Naukri.com parent Info Edge to invest Rs 10Cr in subsidiary Zwayam

IndianStartupNews

IndianStartupNews · 2y ago

Naukri.com parent Info Edge to invest Rs 10Cr in subsidiary Zwayam

Info Edge, the parent company of Naukri.com, plans to invest Rs 10 crore in its subsidiary Zwayam to support its working capital needs. Zwayam, wholly owned by Info Edge, offers SaaS-based sourcing and screening recruitment solutions. This investment involves acquiring 1 million Compulsorily Convertible Debentures. Zwayam's revenue doubled from Rs 11.6 crore in FY22 to Rs 38.5 crore in FY23, accompanied by a net profit of Rs 2.55 crore.

Info Edge’s notional loss from Rahul Yadav’s 4B Networks stands at Rs 532 crore

Money Control

Money Control · 1y ago

Info Edge’s notional loss from Rahul Yadav’s 4B Networks stands at Rs 532 crore

Info Edge, a technology company, has revealed a total loss of Rs 532 crore from its investment in proptech startup 4B Networks. Info Edge's cash infusion in the startup was Rs 288 crore, while the remaining amount represents a notional loss due to a higher valuation that the startup previously had. The write-down is based on factors such as excessive cash burn, liquidity issues, and funding uncertainty. Info Edge has initiated legal proceedings against Rahul Yadav, the founder of 4B Networks, for alleged financial irregularities and embezzlement of funds.

Sanjeev Bikhchandani on BluSmart: ‘Drivers are worst hit’

Economic Times

Economic Times · 5m ago

Sanjeev Bikhchandani on BluSmart: ‘Drivers are worst hit’

BluSmart Cabs, an electric mobility startup, shut down operations, raising concerns about corporate governance and the vulnerability of gig economy workers. Sanjeev Bikhchandani, founder of Info Edge, expressed disappointment and highlighted governance issues following regulatory actions by India's Securities and Exchange Board. The orchestration of financial irregularities led to the suspension of operations across several cities, affecting cab drivers' incomes. Co-founders Anmol and Puneet Jaggi resigned amid scrutiny over misused loans and improper acquisition of electric vehicles.

Info Edge reports INR 532 Cr loss on 4B Networks Investment

Inc42 · 1y ago

Info Edge reports INR 532 Cr loss on 4B Networks Investment

Internet giant Info Edge has written off a total loss of INR 532.25 Cr in proptech startup 4B Networks in Q2 FY23. This includes INR 80.77 Cr for net assets, INR 12.32 Cr for inter-corporate deposits, and is reduced by non-controlling interest payable of INR 2,80.27 Cr. The reasons cited for the write-off include excessive cash burn, liquidity issues, and uncertainty toward funding options. Info Edge had invested INR 288 Cr in the startup.

Gainers & Losers: Stocks that moved the most on October 30

Money Control

Money Control · 11m ago

Gainers & Losers: Stocks that moved the most on October 30

Indian benchmark stocks, Sensex and Nifty 50, ended with losses on October 30 as selling pressure in pharma and financial stocks offset gains in capital goods and select auto stocks. Sensex closed down 0.5% or 400 points at 79,965, while Nifty was down 116 points at 24,350. In other news, Garden Reach Shipbuilders secured a significant order, Adani Enterprises reported strong Q2 earnings, and Force Motors saw a 43% jump in net profit. Meanwhile, Maruti Suzuki's stock rose despite negative calls from brokerages due to weak Q2 earnings.

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