The net profit of Info Edge (India), the parent company of Naukri.com, increased 647 percent to over Rs 740 crore in the fourth quarter of the financial year (Q4FY25) from Rs 162 crore in the same quarter last year. The multi-fold jump was on account of a joint venture being reclassified as financial investments, other income, which was partially offset by provisions and impairments of about Rs 127 crore.
Revenue from operations increased 13 percent to Rs 750 crore year-on-year (YoY).
"After a muted start, recruitment billings accelerated well quarter-over-quarter, growing over 18% in Q4. Our non-recruitment businesses also sustained their momentum, gaining market share over the past few quarters and turning cash positive for the full year," Hitesh Oberoi, managing director and CEO of Info Edge, said.
The standalone net profit was up by over 27 percent to Rs 255 crore from Rs 200 crore in the October to December quarter, according to an exchange filing by Info Edge.
The company registered an operating profit of over Rs 231 crore and an operating profit margin of 33.7 percent on a standalone basis in Q4FY25.
The recruitment business continued the uptick in Q4FY25, whereas non-recruitment businesses also continued to grow with cash profitability, the company said in the release.
Segmental Revenue Breakup
Info Edge's consolidated revenue from recruitment services, Naukri, rose almost 11 percent to Rs 511 crore in the fourth quarter, compared to Rs 452 crore same period last year. Overall billing grew over 18 percent, with tech, IT services, and BPM growing by 17 percent.
Recruitment in Global Capability Centres (GCCs) grew by 19 percent, outpacing hiring in the tech, IT services, and BPM sectors.
Its real estate vertical 99acres generated over 14 percent higher revenue at Rs 106 crore YoY from Rs 93 crore.
Meanwhile, revenue from other businesses, including education (Shiksha) and matrimony (Jeevansaathi), increased marginally to Rs 40 crore in Q4, compared to Rs 39 crore in the year-ago period.
The company said higher visa rejection rates for those aspiring to study in the US, and a decline in job prospects for students abroad, have reduced student interest. Students are opting to study more in the UK and continental Europe.
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