Info Edge (India) Limited (Naukri), announced financial results for the quarter ended December 31, 2024.
Post the announcement, on February 6, 2025, Info Edge share price (NSE: NAUKRI) opened at ₹8,100.00, up from its previous close of ₹7,941.15. At 9:55 AM, the share price of Naukri was trading at ₹8,121.00, up by 2.26% on the NSE.
Info Edge achieved a 12.8% year-on-year increase in standalone Revenue from Operations, reaching ₹671.5 crore compared to ₹595.4 crore in the same quarter last year.
Standalone billings also saw growth of 15.8%, reaching ₹668.3 crore. The recruitment business led the charge with a 15.2% billing increase. Non-recruitment verticals also contributed significantly, with 99acres (real estate) billings up 16.0%, Jeevansathi (matrimony) billings surging 36.0%, and Shiksha (education) billings growing by 12.3%.
The company’s operating profit margin improved to 39.2% of revenue. Standalone operating profit grew by an impressive 20.4%, reaching ₹263.4 crore, up from ₹218.7 crore in the corresponding quarter of the previous fiscal.
Info Edge generated cash from operations (before taxes) of ₹345.8 crore during the quarter, highlighting the company’s financial health.
Commenting on the results, the Managing Director and Chief Executive Officer, Mr Hitesh Oberoi, said, “In Q3, we achieved 16% billing growth, driven by consistent performance across all four verticals. Our recruitment business continued its growth trajectory across all segments, contributing to improved operating profits. Additionally, the non-recruitment businesses are also nearing breakeven, further strengthening our position for sustained growth.”
Mr. Chintan Thakkar, Director and Chief Financial Officer stated, “With an overall improvement in business performance, we witnessed 20% year-over-year growth in standalone operating profits and 27% year-over-year growth in cash generated from operations. As of December 31, 2024, our cash balance stood at ₹4,290 crore, highlighting our strong financial position.”
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Published on: Feb 6, 2025, 10:02 AM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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