Info Edge (NAUKRI) Q1 24/25 earnings summary

Executive summary

• Standalone billings for Q1 FY25 were INR 5,793 million, up 10.8% year-over-year; revenue was INR 6,389 million, up 9.3% year-over-year.

• Operating profit grew 8.8% year-over-year to INR 2,273 million, with a margin of 35.6%.

• Cash from operations increased 20.2% year-over-year to INR 1,739 million.

• EPS before exceptional items rose 16.1% year-over-year to INR 17.98.

• The Board approved a Scheme of Amalgamation to merge three wholly owned subsidiaries into the parent company to streamline operations.

Financial highlights

• Recruitment billings grew 8.5% to INR 431 crore; revenue up 6% to INR 472 crore.

• Non-recruitment business cash losses reduced 73% year-over-year to INR 165 million.

• Real estate (99acres) billings up 10.3% to INR 81 crore; revenue up 19.5% to INR 99 crore.

• Matrimonials (Jeevansathi) billings and revenue up 35% year-over-year; operating losses reduced by 88%.

• Education (Shiksha) billings up 24.6% to INR 42 crore; operating profit improved from a loss last year.

Outlook and guidance

• Management remains optimistic about mid- to long-term growth across all businesses.

• IT recruitment segment shows early signs of recovery, but trends remain volatile.

• Continued investment in AI, machine learning, and platform improvements is expected.

• FY25 is positioned as a year of investment, prioritizing growth and capability building over immediate profitability.

• Shiksha to expand with new private universities; long-term investments in Study Abroad platform ongoing.