Business News

Info Edge Revenue Surges to ₹1,230 Crore in H1 FY25

Info Edge (India) Limited, the parent company of popular platforms like Naukri.com and 99acres, has reported a significant increase in its revenue for the first half of the fiscal year 2025. The company’s revenue from operations reached ₹1,230 crore, marking a 12.59% rise compared to the same period last year. This growth is attributed to the robust performance of its recruitment solutions and real estate segments, which continue to drive the company’s financial success.

Strong Performance in Recruitment Solutions

Info Edge’s recruitment solutions, primarily driven by Naukri.com, have been a major contributor to the company’s revenue. In the second quarter of FY25, this segment accounted for 75.65% of the total revenue, amounting to ₹492 crore. This represents a 14.04% increase from ₹431.4 crore in the same quarter of the previous fiscal year. The consistent demand for recruitment services has bolstered the company’s financial position.

The recruitment segment’s growth is a testament to the increasing reliance on digital platforms for job searches and hiring processes. Companies across various industries are leveraging Naukri.com’s extensive database and advanced search capabilities to find suitable candidates. This trend is expected to continue, further enhancing Info Edge’s revenue prospects.

info edge revenue growth

Additionally, the company’s focus on improving user experience and expanding its service offerings has played a crucial role in attracting more users to its platform. By continuously innovating and adapting to market needs, Info Edge has maintained its leadership position in the recruitment industry.

Real Estate Segment Shows Promising Growth

The real estate segment, represented by 99acres, has also shown promising growth in the first half of FY25. This segment contributed ₹107.4 crore to the company’s revenue in Q2 FY25, reflecting a steady increase from previous quarters. The real estate market’s recovery post-pandemic has been a significant factor in this growth, with more people looking to buy, sell, and rent properties online.

99acres has capitalized on this trend by enhancing its platform with new features and tools that simplify the property search process. The platform’s user-friendly interface and comprehensive listings have made it a preferred choice for property seekers. As the real estate market continues to recover, 99acres is well-positioned to capture a larger market share.

Moreover, Info Edge’s strategic investments in technology and marketing have helped 99acres reach a wider audience. The company’s efforts to build strong relationships with real estate developers and agents have also contributed to its success in this segment.

Financial Outlook and Future Prospects

Info Edge’s financial performance in the first half of FY25 has set a positive tone for the rest of the fiscal year. The company’s total revenue of ₹1,230 crore, combined with a net profit of ₹232.2 crore in Q1 FY25, highlights its strong financial health. This performance is expected to continue as the company leverages its strengths in recruitment and real estate.

Looking ahead, Info Edge plans to further diversify its revenue streams by exploring new business opportunities and expanding its existing platforms. The company’s commitment to innovation and customer satisfaction will be key drivers of its future growth. With a solid financial foundation and a clear strategic vision, Info Edge is poised for continued success in the coming years.

The company’s shares are currently trading at ₹8,038.3, reflecting investor confidence in its growth prospects. As Info Edge continues to deliver strong financial results, it is likely to attract more investors and enhance its market position.

Comments

Your email address will not be published. Required fields are marked *