Info Edge (NAUKRI) Q3 24/25 earnings summary

Executive summary

• Q3 FY25 standalone billings grew 15.8% YoY to INR 668 crore; revenue up 12.8% YoY to INR 672 crore; operating profit rose 20.4% YoY to INR 263 crore with margin at 39.2%.

• Cash from operations in Q3 FY25 was INR 346 crore, up 27% YoY; cash balance at end-Dec 2024: INR 4,290 crore.

• EPS before exceptionals up 21.2% YoY to INR 20.06 in Q3.

• Board approved up to INR 1,000 crore commitment to IE Venture Investment Fund III and a 5-for-1 share split, pending shareholder approval.

• Employee count reached 5,883 as of Dec 31, 2024.

Financial highlights

• Consolidated Q3 net sales at INR 722 crore vs INR 627 crore YoY; profit before tax (excl. exceptionals) at INR 417 crore vs INR 185 crore YoY.

• Recruitment business Q3 FY25 billings up 15.2% YoY to INR 494 crore; revenue up 12% to INR 505 crore; operating profit margin at 58.9%.

• Real estate (99acres) Q3 billings up 16% YoY to INR 103 crore; revenue up 17% to INR 104 crore; operating loss reduced by 67% YoY.

• Matrimony (Jeevansathi) Q3 billings up 36% YoY to INR 28 crore; revenue up 24% to INR 27 crore; operating loss reduced by 51% YoY.

• Education (Shiksha) Q3 billings up 12% YoY to INR 44 crore; revenue up 3% to INR 35 crore; operating loss INR 1 crore.

Outlook and guidance

• Management remains optimistic about sustained growth across all verticals, with non-recruitment businesses nearing breakeven.

• Focus on expanding client base, especially in GCC, non-IT, and Tier 2/3 cities.

• Continued investment in AI, new product development, and Study Abroad platform to drive future growth.

• Jeevansathi is focused on further monetization and cost control.