Collapsible Language Selector

Translate Page

Wednesday, February 5, 2025

Info Edge Q3 Results: Net Profit Jumps 60% YoY to Rs 243 Crore, Revenue Rises 15%

stock market news

Info Edge Q3 Results: Net Profit Surges 60% YoY to Rs 243 Crore, Revenue Up 15%

Strong Growth in Revenue and Profitability

Info Edge, the parent company of leading job portal Naukri, posted an impressive 60.6% year-over-year (YoY) growth in net profit for Q3FY25. The company reported a net profit of Rs 242.59 crore for the quarter ending December 2024, up from Rs 151.09 crore in the same period last year.

The company’s revenue from operations also showed strong growth, rising 15.2% YoY to Rs 722.39 crore, compared to Rs 627.12 crore in Q3FY24.

Operating Profit and Margins Show Improvement

  • Info Edge reported a 20.4% increase in operating profit, reaching Rs 263.4 crore compared to Rs 218.7 crore last year.
  • The company’s operating profit margin improved to 39.2% of revenue.
  • Cash from operations (before taxes) stood at Rs 345.8 crore for Q3FY25.

Key Business Highlights

Managing Director and CEO Hitesh Oberoi highlighted that Info Edge achieved a 16% growth in billings for Q3, driven by consistent performance across all four verticals. The recruitment business remained the primary growth driver, contributing significantly to operating profits.

Additionally, the company's non-recruitment businesses are approaching breakeven, strengthening Info Edge’s long-term sustainability.

Earnings Per Share (EPS) and Financial Performance

Info Edge's earnings per share (EPS) for Q3FY25 was Rs 20.06, reflecting a 21.2% YoY growth. Meanwhile, the company's cash generated from operations (before taxes) saw a 26.9% YoY growth, reaching Rs 346 crore.

With strong revenue growth, improved margins, and rising profits, Info Edge continues to solidify its position in the digital recruitment and classifieds sector.

Disclaimer: The views and investment tips expressed in this article are for informational purposes only and do not represent financial advice. The views expressed are those of the sources cited and not necessarily those of this website or its management. Investing in equities or other financial instruments carries the risk of financial loss. Readers must exercise due caution and conduct their own research before making any investment decisions. We are not liable for any losses incurred as a result of decisions made based on this article. Please consult a qualified financial advisor before making any investment.

0 comments: