Naukri parent Info Edge shares trade lower after Q1 FY25 earnings; check details

The stock was trading 0.9% lower at ₹7,147.9 apiece on the National Stock Exchange (NSE) and down 0.7% to ₹7,153.5 on the BSE in the early trade.

Info Edge Q1 results

Info Edge posted a 75.6% jump in consolidated profit to ₹258.8 crore for Q1 FY25, a result of all-around growth led by recruitment solutions. In the year-ago period, the company reported a revenue of ₹147.4 crore.

Revenue from operations surged 8.1% to ₹677 crore in the quarter under review from ₹626 crore a year back.

Revenue from the recruitment business jumped 5.6% year-on-year (YoY). Revenue from real estate platform 99acres increased 19.5%, Jeevansathi (34.7%), and education business Shiksha (18.4%).

"Cash losses from our non-recruitment businesses decreased 73% to ₹16.5 crore in the first quarter of FY'25, driven by 18% YoY increase in billings and controlled cost increases. Our matchmaking business, Jeevansathi, is nearing breakeven in the first quarter. The core recruitment business...continued to demonstrate growth in first quarter," Info Edge MD and CEO Hitesh Oberoi said.

The Info Edge board also approved merging three subsidiaries, Axilly Labs, Zwayam Digital, and Diphda Internet Services, into the company to simplify and streamline the corporate structure by reducing the number of legal entities in the group.