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Info Edge revenue touches Rs 1,230 Cr revenue in H1 FY25

EntrackrEntrackr · 9m ago
Info Edge revenue touches Rs 1,230 Cr revenue in H1 FY25
Medial

Info Edge, the parent company of Naukri and 99acres, has released the unaudited numbers for the second quarter of the ongoing fiscal year (Q2 FY25). Info Edge revenue from operations increased by 14.3% to Rs 650.3 crore in Q2 FY25 from Rs 569 crore in Q2 FY24, the company’s update accessed from the National Stock Exchange shows. On a sequential basis, the Sanjeev Bikchandani firm posted Rs 2,500 crore in revenue with profits amounting to Rs 500 crore in FY24. According to the NSE document, Info Edge’s recruitment solutions segment (naukri.com) accounted for 75.65% of total revenue, increasing by 14.04% to Rs 492 crore in Q2 FY25 from Rs 431.4 crore in Q2 FY24. The firm’s real estate segment, 99acres, contributed Rs 107.4 crore to revenue in the second quarter of FY25, while other platforms, including Jeevansathi and Shiksha, added Rs 50.9 crore during the same period. Info Edge reported a total of Rs 1,229.6 crore in revenue in the first half of FY25, which showed a 12.59% increase from Rs 1092.1 crore when compared to the first half of the previous fiscal year (FY24). During the first quarter of FY25, the Noida-based company posted a total revenue of Rs 715.8 crore with net profits standing at Rs 232.2 crore. As of 11:31 AM, Info Edge shares are trading at Rs 8,038.3, down 2% from the opening price of Rs 8,308.90, with a total market capitalization of Rs 1,04,013 crore or approximately $12.38 billion. Thus, the firm continues to be led by its core recruitment business, with the rest going through their by now usual cycle of close, but not quite there when it comes to significant scale or value creation. Many would argue that the investments into the real estate, matrimonial and education portals has fared poorly, perhaps even detracting from more work on the core jobs vertical. Real estate, to take just one example, has been through multiple boom and bust cycles with barely any significant change in long term trajectory beyond single to barely double digit growth. Considering Info Edge’s proficiency in picking winners, and sticking with them for the long haul as seen in the listed Zomato and PolicyBazaar, there is a clear case for the firm to relook at the performance of these verticals.

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X

EntrackrEntrackr · 5m ago
Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X
Medial

Info Edge posts Rs 722 Cr revenue in Q3 FY25; profit jumps 2.5X Info Edge, the parent company of Naukri and 99acres, released its unaudited financial results for Q3 FY25. According to the company’s update sourced from the National Stock Exchange (NSE), revenue from operations grew by 15.2% to Rs 722 crore in Q3 FY25 from Rs 627 crore in Q3 FY24. The company recorded Rs 2,100 crore in revenue during the first nine months of FY25, with profits reaching Rs 632 crore. Info Edge derives the majority of its revenue—73%—from Naukri.com, which contributed Rs 527 crore in Q3 FY25, marking a 12.3% year-on-year growth compared to Q3 FY24. Meanwhile, revenue from 99 acres reached Rs 104 crore, while the Jeevansathi and Shiksha segments collectively generated Rs 91 crore during the same quarter. The company added another Rs 187 crore from interest on deposits and investments, which pushed its overall revenue to Rs 9,094 crore in Q3 FY25, compared to Rs 660 crore in Q3 FY24. Info Edge spent 62.6% of its overall expenditure on employee benefits, which increased by a modest 9.7% year-on-year to Rs 305 crore in Q3 FY25. Its advertising and internet costs stood at Rs 82 crore and 20 crore, respectively. The company’s overall cost grew 7% YoY to Rs 487 crore in Q3 FY25 from Rs 455 crore in Q3 FY24. The steady growth and surge in other income with controlled expenditure led its profits to increase by 142% to Rs 288 crore in Q3 FY25, compared to Rs 119 crore in Q3 FY24. On a unit level, it spent Rs 0.67 to earn a rupee in Q3 FY25. As of 4:40 PM, Info Edge is trading at Rs 7,910, reflecting a Rs 203.1 increase following today's results. Its total market capitalization value improved to Rs 1,02,501 crore ($12.2 billion).

Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24

EntrackrEntrackr · 1y ago
Info Edge crosses Rs 2,500 Cr revenue and Rs 500 Cr profit threshold in FY24
Medial

Info Edge, the parent company of Naukri and 99acres, published its financial statements on Thursday. The consolidated figures showcased a modest 8% increase in revenue for FY24. However, the company made a turnaround in its bottom line, transitioning from a loss of Rs 70 crore in FY23 to a profit of Rs 594 crore in FY24. Info Edge’s revenue from operations grew 8% to Rs 2,536 crore in FY24 from Rs 2,345 crore in FY23, its consolidated financial statements disclosed with the stock exchange shows. Meanwhile, the company posted a 4.8% increase in revenue to Rs 657 crore in Q4 FY24 from Rs 627 crore in Q3 FY24. The Sanjeev Bikchandani-led firm operates through different segments. Income from Naukari.com and related portals formed 74.1% of its total revenue which increased 7.49% to Rs 1,880 crore in FY24. Its other segment 99acres saw a 23.6% growth to Rs 351 crore in FY24. Jeevansathi and Shiksha combined participated with Rs 305 crore of revenue during FY24. Info Edge made Rs 414 crore from non-operating activities tallying its total revenue to Rs 2,950 crore in FY24. Akin to other internet companies, its employee benefits accounted for 61% of its total expenditure which grew only 2.83% to Rs 1,128 crore in FY24 from Rs 1,097 crore in FY22. Info Edge’s network/internet, advertising cum promotional, legal, traveling and other overheads push the total expenditure to Rs 1830 crore in FY23 from Rs 1,858 crore in FY23. Note 1: The company recorded exceptional items of Rs 110 crore and Rs 509 crore in FY24 and FY23 respectively due to the decrease in the carrying value of investments. This was the primary reason for the significant loss posted in FY23. Note 2: The company has 15 joint ventures including Makesense, Happily Unmarried’s Ustraa (now acquired by VLCC), Shopkirana, Juno, Sploot and others during FY24. Info Edge recorded a share loss of Rs 131 crore and 231 crore in FY24 and FY23 respectively in its joint ventures which also makes a part of its consolidated figures and reflects losses in the financial statements. At the end, Indo Edge posted a net profit of Rs 594 crore in FY24 where the figures stood at a loss of Rs 70 crore in FY23 (refer note 1 and 2). On a unit level, it spent Rs 0.72 to earn a rupee in FY23.

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