Info Edge, a prominent consumer internet company, reported a 47% year-on-year (YoY) increase in net profit for the first quarter of the current fiscal year. For the first quarter of FY25, Info Edge achieved a net profit of ₹233 crore, up from ₹159 crore in the same period last year. The company’s revenue from operations also saw an 8.1% YoY rise, reaching ₹676.7 crore.
Hitesh Oberoi, CEO of Info Edge, noted that cash losses from non-recruitment sectors decreased by 73% to ₹16.5 crore in Q1 FY25. This improvement was driven by an 18% YoY increase in billings and controlled cost increases.
The recruitment division, a key area for Info Edge, reported a 5.6% YoY revenue growth, totaling ₹487 crore for the quarter. The real estate segment, 99acres, generated ₹98.79 crore in revenue, marking a 19.5% increase.
Oberoi also mentioned that the matchmaking business, Jeevansathi, is approaching breakeven. He highlighted that the core recruitment business, which faced challenges in the previous fiscal year, continued to show growth in the first quarter.
The company’s gross profit, or EBITDA, stood at ₹222 crore for the first quarter, reflecting a 10.4% YoY increase.
Chintan Thakkar, CFO of Info Edge, reported that the company generated approximately ₹174 crore from operations in Q1 FY25, marking a YoY growth of over 20%. Thakkar also pointed out that the company’s cash balance at the end of the first quarter was ₹4,225 crore.
He emphasized that this consistent cash flow generation underscores Info Edge’s strong financial health and provides a solid foundation for future investments and returns to shareholders.
