Info Edge (India)

On consolidated basis

Quarter ended March 2025 compared with Quarter ended March 2024.

Net sales (including other operating income) of Info Edge (India) has increased 14.03% to Rs 749.63 crore.  Sales of Recruitment Solutions segment has gone up 12.89% to Rs 542.50 crore (accounting for 72.37% of total sales).  Sales of 99acres for Real Estate segment has gone up 14.29% to Rs 105.80 crore (accounting for 14.11% of total sales).  Sales of Others segment has gone up 20.19% to Rs 101.33 crore (accounting for 13.52% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 18.35% to Rs 240.23 crore.  PBIT of Recruitment Solutions segment rose 10.41% to Rs 287.44 crore (accounting for 119.65% of total PBIT).  PBIT of 99acres for Real Estate segment rose 2.15% to Rs -14.86 crore (accounting for -6.19% of total PBIT).  PBIT of Others segment rose 23.30% to Rs -32.35 crore (accounting for -13.47% of total PBIT).  

PBIT margin of Recruitment Solutions segment fell from 54.18% to 52.98%.  PBIT margin of 99acres for Real Estate segment rose from negative 16.41% to negative 14.05%.  PBIT margin of Others segment rose from negative 50.02% to negative 31.92%.  Overall PBIT margin rose from 30.87% to 32.05%.  

Operating profit margin has declined from 33.37% to 33.09%, leading to 13.06% rise in operating profit to Rs 248.03 crore.  Employee cost decreased from 44.37% to 44.20%.   Other expenses rose from 22.26% to 22.71%.   Selling and administration expenses rose from 12.86% to 13.34%.   Other direct service cost fell from 2.83% to 2.77%.   

Other income rose 244.26% to Rs 520.83 crore.  PBIDT rose 107.42% to Rs 768.86 crore.  Provision for interest rose 14.11% to Rs 6.47 crore.  Loan funds rose to Rs 267.35 crore as of 31 March 2025 from Rs 246.39 crore as of 31 March 2024.  Sundry debtors were higher at Rs 13.19 crore as of 31 March 2025 compared to Rs 10.65 crore as of 31 March 2024.  Cash and bank balance declined from Rs 1,192.98 crore as of 31 March 2024 to Rs 267.13 crore as of 31 March 2025.  Investments rose to Rs 37,660.98 crore as of 31 March 2025 from Rs 31,202.62 crore as of 31 March 2024 .  

PBDT rose 108.87% to Rs 762.39 crore.  Provision for depreciation rose 19.41% to Rs 30.58 crore.  Fixed assets increased to Rs 465.19 crore as of 31 March 2025 from Rs 439.64 crore as of 31 March 2024.  Intangible assets declined from Rs 369.98 crore to Rs 322.45 crore.  

Profit before tax grew 115.63% to Rs 731.81 crore.  Share of profit/loss was 4.94% lower at Rs -15.71 crore.  Provision for tax was expense of Rs 63.72 crore, compared to Rs 74.48 crore.  Effective tax rate was 8.59% compared to 45.85%.

Minority interest increased 678.02% to Rs 214.50 crore.  Net profit attributable to owners of the company increased 667.33% to Rs 463.39 crore.  

Equity capital increased from Rs 129.13 crore as of 31 March 2024 to Rs 129.43 crore as of 31 March 2025.  Per share face Value remained same at Rs 2.00.  

Promoters' stake was 37.63% as of 31 March 2025 ,compared to 37.88% as of 31 March 2024 .  

Full year results analysis.

Net sales (including other operating income) of Info Edge (India) has increased 12.35% to Rs 2849.55 crore.  Sales of Recruitment Solutions segment has gone up 10.21% to Rs 2,071.81 crore (accounting for 72.71% of total sales).  Sales of 99acres for Real Estate segment has gone up 16.94% to Rs 410.79 crore (accounting for 14.42% of total sales).  Sales of Others segment has gone up 20.27% to Rs 366.95 crore (accounting for 12.88% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 22.33% to Rs 930.60 crore.  PBIT of Recruitment Solutions segment rose 6.65% to Rs 1,117.19 crore (accounting for 120.05% of total PBIT).  PBIT of 99acres for Real Estate segment rose 30.97% to Rs -47.53 crore (accounting for -5.11% of total PBIT).  PBIT of Others segment rose 36.20% to Rs -139.07 crore (accounting for -14.94% of total PBIT).  

PBIT margin of Recruitment Solutions segment fell from 55.72% to 53.92%.  PBIT margin of 99acres for Real Estate segment rose from negative 19.60% to negative 11.57%.  PBIT margin of Others segment rose from negative 71.44% to negative 37.90%.  Overall PBIT margin rose from 29.99% to 32.66%.  

Operating profit margin has jumped from 32.69% to 34.56%, leading to 18.75% rise in operating profit to Rs 984.71 crore.  Employee cost decreased from 44.48% to 43.35%.   Other expenses fell from 22.82% to 22.09%.   Selling and administration expenses fell from 13.50% to 13.09%.   Other direct service cost fell from 2.95% to 2.75%.   

Other income rose 159.40% to Rs 1073.25 crore.  PBIDT rose 65.57% to Rs 2057.96 crore.  Provision for interest rose 8.89% to Rs 24.24 crore.  Loan funds rose to Rs 267.35 crore as of 31 March 2025 from Rs 246.39 crore as of 31 March 2024.  Sundry debtors were higher at Rs 13.19 crore as of 31 March 2025 compared to Rs 10.65 crore as of 31 March 2024.  Cash and bank balance declined from Rs 1,192.98 crore as of 31 March 2024 to Rs 267.13 crore as of 31 March 2025.  Investments rose to Rs 37,660.98 crore as of 31 March 2025 from Rs 31,202.62 crore as of 31 March 2024 .  

PBDT rose 66.60% to Rs 2033.72 crore.  Provision for depreciation rose 11.83% to Rs 113.09 crore.  Fixed assets increased to Rs 465.19 crore as of 31 March 2025 from Rs 439.64 crore as of 31 March 2024.  Intangible assets declined from Rs 369.98 crore to Rs 322.45 crore.  

Profit before tax grew 71.55% to Rs 1,920.63 crore.  Share of profit/loss was 6.10% higher at Rs -122.99 crore.  Provision for tax was expense of Rs 634.72 crore, compared to Rs 283.48 crore.  Effective tax rate was 32.64% compared to 32.29%.

Minority interest increased 1,697.21% to Rs 347.76 crore.  Net profit attributable to owners of the company increased 67.27% to Rs 962.14 crore.  

Equity capital increased from Rs 129.13 crore as of 31 March 2024 to Rs 129.43 crore as of 31 March 2025.  Per share face Value remained same at Rs 2.00.  

Promoters' stake was 37.63% as of 31 March 2025 ,compared to 37.88% as of 31 March 2024 .  

Cash flow from operating activities increased to Rs 875.84 crore for year ended March 2025 from Rs 702.30 crore for year ended March 2024.  Cash flow used in acquiring fixed assets during the year ended March 2025 stood at Rs 82.25 crore, compared to Rs 29.70 crore during the year ended March 2024.  

 

Operational highlights

Q4FY2025

Overall billings grew by 18.4% YoY in Q4FY2025.

Growth has been widespread ' Tech, IT Services, BPM, etc. combined grew by 17%, GCCs by 19%, Other Sectors by 19%, and the Recruitment consultant segment by 15%.

Key other sectors like BFSI, Healthcare, Infrastructure, and Manufacturing grew at double-digit growth rate.

GCCs contributed around 16-17% of Recruitment India B2B Billings in FY25.

IIMJobs, Naukri Gulf and Naukri Fast Forward, also witnessed healthy billings growth of 43%, 26% and 18% YoY respectively.

 

Dividend:

The Boa rd of Di rectors in its meeting held on May 27, 2025 has recommended a final dividend of Rs 3.60 per equity share having face value of Rs 2 each

Management Comment:

Commenting on the results, Mr. Mr. Hitesh Oberoi, Managing Director and Chief Executive Officer said '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.'

 

Mr. Chintan Thakkar, Director and Chief Financial Officer said 'All our businesses performed well in Q4, resulting in a 15% year-over-year growth in cash flow from operations. The contribution from non- recruitment businesses to cash generation is a positive step toward portfolio diversification. As of March 31, 2025, our standalone cash balance, including wholly owned subsidiaries, stood at ?4,786 crore, underscoring the company's strong financial position.'

Info Edge (India) : Consolidated Results

Quarter ended Year ended Particulars 202503 202403 Var.(%) 202503 202403 Var.(%) Net Sales (including other operating income) 749.63 657.42 14.03 2,849.55 2,536.34 12.35 OPM (%) 33.09 33.37 -28 bps 34.56 32.69 186 bps OP 248.03 219.38 13.06 984.71 829.25 18.75 Other Inc. 520.83 151.29 244.26 1,073.25 413.74 159.40 PBIDT 768.86 370.67 107.42 2,057.96 1,242.99 65.57 Interest 6.47 5.67 14.11 24.24 22.26 8.89 PBDT 762.39 365.00 108.87 2,033.72 1,220.73 66.60 Depreciation 30.58 25.61 19.41 113.09 101.13 11.83 PBT 731.81 339.39 115.63 1920.63 1119.6 71.55 Share of Profit/(Loss) from Associates -15.71 -14.97 -4.94 -122.99 -130.98 6.10 PBT before EO 716.1 324.42 120.73 1797.64 988.62 81.83 EO Income 25.51 -161.98 LP 146.98 -110.58 LP PBT after EO 741.61 162.44 356.54 1944.62 878.04 121.47 Taxation 63.72 74.48 -14.45 634.72 283.48 123.90 PAT 677.89 87.96 670.68 1309.9 594.56 120.31 Minority Interest (MI) 214.5 27.57 678.02 347.76 19.35 1,697.21 Net profit 463.39 60.39 667.33 962.14 575.21 67.27 P/(L) from discontinued operations net of tax 0 0 - 0 0 - Net profit after discontinued operations 463.39 60.39 667.33 962.14 575.21 67.27 EPS (Rs)* 6.90 1.99 246.20 13.66 10.07 35.61 * EPS is on current equity of Rs 129.58 crore, Face value of Rs 2, Excluding extraordinary items. # EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Info Edge (India) : Consolidated Segment Results

Quarter ended Year ended % of (Total) 202503 202403 Var.(%) % of (Total) 202503 202403 Var.(%) Sales Recruitment Solutions 72.37 542.50 480.54 12.89 72.71 2,071.81 1,879.95 10.21 99acres for Real Estate 14.11 105.80 92.57 14.29 14.42 410.79 351.28 16.94 Others 13.52 101.33 84.31 20.19 12.88 366.95 305.11 20.27 Total Reported Sales 100.00 749.63 657.42 14.02 100.00 2,849.55 2,536.34 12.35 Less: Inter segment revenues   0.00 0.00 -   0.00 0.00 - Net Sales 100.00 749.63 657.42 14.02 100.00 2,849.55 2,536.34 12.35 PBIT Recruitment Solutions 119.65 287.44 260.34 10.41 120.05 1,117.19 1,047.53 6.65 99acres for Real Estate -6.19 -14.86 -15.19 2.15 -5.11 -47.53 -68.85 30.97 Others -13.47 -32.35 -42.17 23.30 -14.94 -139.07 -217.96 36.20 Total PBIT 100.00 240.23 202.98 18.35 100.00 930.60 760.72 22.33 Less : Interest 0.00 0.00 - 0.00 0.00 - Add: Other un-allcoable 501.39 -40.54 LP 1,014.02 117.31 764.37 PBIT Margin(%) Recruitment Solutions   52.98 54.18 -119.29   53.92 55.72 -179.77 99acres for Real Estate   -14.05 -16.41 235.96   -11.57 -19.60 803.07 Others   -31.92 -50.02 1,809.89   -37.90 -71.44 3,353.84 PBT 100.00 741.61 162.44 356.54 100.00 1,944.62 878.03 121.47