Info Edge (India) Ltd. Results

Q2FY25 Quarterly Result Announced for Info Edge (India) Ltd.

Internet Software & Services company Info Edge (India) announced Q2FY25 results Revenue from Operations at Rs 656.1 crore on a standalone basis for the Q2FY25, compared to Rs 593.0 crore in Q2FY24, change 10.6%. Operating profit margins to 38.3% of revenue and registered a growth of 14.8% in its operating profit which stood at Rs 251.2 crore on a standalone basis in Q2FY25 as compared to Rs 218.9 crore in Q2FY24. Standalone business generated cash from operation (before taxes) of Rs 261.7 crore for the Q2FY25. Hitesh Oberoi, Managing Director and Chief Executive Officer said: “We are pleased to see double digit billings growth in the recruitment business after several weak quarters. Increased cash generation from this segment, coupled with reduced losses in our nonrecruitment businesses, position us strongly for sustainable growth.” Chintan Thakkar, Director and Chief Financial Officer said: “With growth in our largest business segment, recruitment, we have improved our operating margins and cash generation. Our cash balance reached Rs 4,268 crore as of September 30, 2024, highlighting a solid balance sheet.”

Q1FY25 Quarterly Result Announced for Info Edge (India) Ltd.

Internet Software & Services company Info Edge (India) announced Q1FY25 results: Revenue from Operations: Rs 638.9 crore for Q1FY25, reflecting a 9.3% increase from Rs 584.3 crore in Q1FY24. Recruitment Business Growth: Revenue growth of 5.6% YoY. Non-Recruitment Business Growth: 99acres (Real Estate): 19.5% growth. Jeevansathi (Matrimony): 34.7% growth. Shiksha (Education): 18.4% growth. Billings: Rs 579.3 crore for Q1FY25, up 10.8% YoY. Operating Profit Margins: Maintained at 35.6% of revenue. Operating Profit: Rs 227.3 crore in Q1FY25, an 8.8% increase from Rs 208.9 crore in Q1FY24. Cash from Operations: Rs 173.9 crore for Q1FY25, showing a 20.2% growth YoY. While announcing the results, Hitesh Oberoi, Managing Director and Chief Executive Officer said “Cash losses from our non-recruitment businesses have decreased by 73% to Rs 16.5 crore in Q1FY25, driven by an 18% YoY increase in billings and controlled cost increases. Our matchmaking business, Jeevansathi, is nearing breakeven in Q1. The core recruitment business, which experienced several weak quarters last fiscal year, continued to demonstrate growth in Q1 as well.” Chintan Thakkar, Director and Chief Financial Officer said “Despite the challenging environment, we generated approximately Rs 174 crore of cash from operations in Q1FY25, representing a YoY growth of over 20%. As of June 30th, 2024, our cash balance stood at Rs 4,255 crore, underscoring the strength of our balance sheet. This consistent cash flow generation highlights our company's robust financial health and establishes a solid foundation for future investments and shareholder returns.”

Q4FY24 Quarterly Result Announced for Info Edge (India) Ltd.

Internet Software & Services company Info Edge (India) announced Q4FY24 results: Info Edge (India) recorded 7.9% growth in its Revenue from Operations at Rs 608.3 crore on a standalone basis for the quarter ended March 31st, 2024, compared to Rs 564.0 crore in the corresponding quarter of the previous fiscal. Revenues growth in the recruitment business was 3.4% YoY and for non-recruitment business verticals namely 99acres.com (the real estate vertical), Jeevansathi.com (the matrimony business), and Shiksha.com (the education business) was 22.5%, 29.2%, and 22.2% respectively. Billing for the company on a standalone basis for the quarter grew by 10.5% YoY and stood at Rs 826.9 crore. The company grew its operating profit margins to 37.0% of revenue and registered a growth of 8.9% in its operating profit which stood at Rs 224.8 crore on a standalone basis in Q4FY24 as compared to Rs 206.3 crore in Q4FY23. The standalone business generated cash from operation (before tax) of Rs 467.6 crore for the quarter, a growth of 13.2% YoY. While announcing the results, Hitesh Oberoi, Managing Director and Chief Executive Officer said “I'm encouraged to see a slight rebound in our recruitment business after several weak quarters. Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 crore in FY23 to Rs 68 crore in FY24 with Rs 21 crore cash generation in Q4” Chintan Thakkar, Director and Chief Financial Officer said “Our cash from operations grew by 13.2% YoY in Q4FY24, reaching a cash balance of Rs 4,191 crore as of March 31st, 2024. This consistent performance in cash flow generation underscores our company's robust financial health and positions us well for future investments and shareholder returns.”

Q3FY24 Quarterly Result Announced for Info Edge (India) Ltd.

Internet Software & Services company Info Edge (India) announced Q3FY24 results: In Q3FY24, Info Edge (India) recorded a 7.2% growth in Revenue from Operations on a standalone basis, reaching Rs 595.4 crore compared to Rs 555.2 crore in the same quarter of the previous fiscal year. The non-recruitment business verticals, including 99acres.com (real estate), Jeevansathi.com (matrimony), and Shiksha.com (education), continued their growth trajectory, achieving strong performances with YoY revenue growth rates of 21.8%, 23.0%, and 23.3%, respectively. Despite sluggishness in IT sector hiring, revenue from the recruitment business grew by 3.1% YoY. Billing for the quarter on a standalone basis increased by 4.8% YoY, amounting to Rs 576.9 crore. Info Edge maintained its operating profit margins at 36.7% of revenue and achieved a 7.0% growth in operating profit, which reached Rs 218.7 crore on a standalone basis for the quarter, compared to Rs 204.4 crore in Q3FY23. The standalone business generated cash from operations (before tax) of Rs 272.5 crore for the quarter, reflecting a growth of 12.7% YoY. During the results announcement, Hitesh Oberoi, Managing Director and Chief Executive Officer said, "The efficient execution in the 99acres and Jeevansathi businesses, which contributed to the top-line growth and helped reduce burn during the quarter. He also noted that while the non-IT hiring sector remained robust, the continued slowdown in IT hiring impacted Naukri's growth." Chintan Thakkar, Director and Chief Financial Officer, expressed satisfaction with the strong cash generation during the quarter. He noted that the operating cash in Q3FY24 grew by 12.7% YoY, resulting in a quarter-end cash balance of Rs 3,724 crore. These results demonstrate the company's commitment to sound financial management and long-term value creation for stakeholders.