Naukri parent Info Edge posts 8% on year rise in Q1 revenue to Rs 677 crore

Info Edge, the parent company of Naukri, saw its operating revenue grow 8% year on year (YoY) to Rs 677 crore for the quarter ended June 2024.

The company reported a net profit of Rs 259 crore for the quarter, against Rs 147 crore a year ago.

Total expenses during the quarter stood at Rs 484 crore, up from Rs 451 crore a year ago. A significant amount of the expenditure was attributed to employee benefits and advertising and promotion, which amounted to Rs 293 crore and Rs 100 crore respectively.


The recruitment solutions business, which includes Naukri.com, grew 5% to Rs 487 crore. Revenue from real estate listing portal 99acres rose 19% to Rs 99 crore, while others, including Jeevansaathi.com and Shiksha.com, grew nearly 12% to 91 crore.

Hitesh Oberoi, managing director and chief executive officer, said: “Cash losses from our non-recruitment businesses have decreased by 73% to Rs 16.5 crore in Q1FY25, driven by an 18% YoY increase in billings and controlled cost increases. Our matchmaking business, Jeevansathi, is nearing breakeven in Q1. The core recruitment business, which experienced several weak quarters last fiscal year, continued to demonstrate growth in Q1 as well.”

“Despite the challenging environment, we generated approximately Rs. 174 crore of cash from operations in Q1FY25, representing a YoY growth of over 20%. As of June 30th, 2024, our cash balance stood at Rs 4,255 crore, underscoring the strength of our balance sheet,” said Chintan Thakkar, director and chief financial officer.

In FY24, Info Edge saw a moderate increase in operating revenue to Rs 2,536 crore from Rs 2,345 crore a year earlier. The company reported a consolidated net profit of Rs 594 crore in FY24 compared to a loss of 70 crore in the previous fiscal year.