Info Edge (India) Ltd., the parent company of popular platforms such as Naukri.com, has released its standalone unaudited financial results for the quarter ended September 30, 2024. The company reported a steady increase in revenue but faced a significant decline in net profit compared to the same period last year.
Key Financial Highlights
- Revenue from Operations:
- Info Edge reported a revenue of ₹656 crore for Q2 FY25, marking a 10.6% increase from ₹593 crore in Q2 FY24. This growth reflects the company’s continued expansion across its primary business verticals.
- Net Profit:
- Net profit for the quarter stood at ₹86 crore, a decrease of 58.9% from ₹209 crore recorded in the corresponding quarter last year. The decline in profit is attributed to various operational costs and investment impacts.
- Comprehensive Income:
- Total comprehensive income, which includes both net profit and other comprehensive income, amounted to ₹715 crore in Q2 FY25, up from ₹582 crore in Q2 FY24, showcasing an overall growth in total income despite profit challenges.
Additional Financial Data
- Other Income: Info Edge’s other income saw a decline, which impacted the overall profitability.
- EBITDA and Margins: Detailed breakdowns on operating expenses indicate a focus on strategic investments which may have compressed margins temporarily.
Year-to-Date (H1 FY25) Highlights
For the six months ended September 30, 2024, Info Edge reported a revenue of ₹1,295 crore, up from ₹1,177 crore in the previous year. The cumulative net profit for the first half of the fiscal year stood at ₹233 crore.
While Info Edge has demonstrated solid revenue growth, the dip in net profit points towards rising costs and investments that the company is making to sustain its competitive edge in the digital and online marketplace. The management remains optimistic about its long-term growth trajectory, backed by ongoing investments in its key verticals.
Disclaimer: This article is for informational purposes only and does not constitute financial advice.
