Info Edge’s Q4 PAT Surges 8X To INR 678 Cr

Naukri-parent Info Edge’s consolidated net profit for Q4 FY25 surged 7.7X to INR 677.9 Cr from INR 88 Cr in the year-ago quarter. On a quarter-on-quarter basis, the company’s profit surged 235% from INR 288.4 Cr. 

The Sanjeev Bikhchandani-led company’s top line also registered healthy growth in the quarter under review. Info Edge’s operating revenue for the quarter stood at INR 749.6 Cr, marking a 14% YoY jump from INR 657.4 Cr. This also marked a 4% uptick from INR 722.4 Cr operating revenue registered in the previous quarter. 

Including other income of INR 520.8 Cr, the company’s total income for the quarter surged 57% YoY to INR 1,270.5 Cr. Meanwhile, the company’s expenditure for the quarter grew 15% YoY and 11% QoQ to INR 538.6 Cr. 

For the full fiscal year FY25, Info Edge’s PAT surged 120% to INR 1,309.9 Cr from INR 594.5 Cr in the previous fiscal year. The company’s operating revenue for the full fiscal also surged 12% YoY to INR 2,849.6 Cr. 

“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,” Info Edge CEO and managing director Hitesh Oberoi said.

Breakdown Of Info Edge’s Quarterly Performance

Info Edge, which is one of the oldest internet companies in India, operates across sectors such as recruitment (Naukri), real estate (99acres), matrimony (Jeevansathi) and education (Shiksha). Here’s how these verticals performed during the quarter:

Naukri

The recruitment platform’s revenue for the quarter surged 13% YoY to INR 542.5 Cr, making it the biggest contributor in the top line. However, Naukri’s profit before tax slumped 10% YoY to INR 287.4 Cr. 

For the full fiscal year FY25, Naukri’s operating profit grew 6.2% YoY to INR 1,116 Cr while its revenue grew about 10% YoY to INR 1,983 Cr.

The company said that the growth for the platform has been homogenous across sectors with tech billings growing 17% and recruitment consultant services booking growing 15%, along with double digit growth across other sectors. 

Meanwhile, Naukri’s database grew to comprise 106 Mn resumes, with an average resume addition of 22,000 per day in Q4 FY25. At the end of the quarter, Naukri had 5.7 Lakh active job listings on its platform and about 50K billed customers. 

99Acres

The real estate platform continued to be a loss-making business for Info Edge, despite a hefty growth in its top line during the quarter.

Although its loss declined 2% YoY to INR 14.9 Cr, it nearly jumped 3X QoQ from INR 4.8 Cr. Operating revenue for the quarter went up 15% YoY and 2% QoQ to INR 105.8 Cr. 

The company outlined that the billing for 99Acres rose 22% YoY to INR 160 Cr, driven by “improvements in both the number of billed customers and average billing per customer”. In this, billings growth for broker and channel partners outpaced developer billings. 

Jeevansathi 

The company’s matrimonial business saw a 75.7% YoY reduction in loss to INR 2 Cr during the quarter on the back of a healthy uptick in its top line and billings. 

While Jeevansathi’s Q4 operating revenue grew 25% to INR 30 Cr, billings jumped 23.9% YoY to INR 32 Cr. With this, the segment’s loss for the full fiscal declined 80% to INR 12 Cr from INR 59 Cr in FY24. 

The company said that marketing investments drove efficiencies during the quarter while the launch of new features, improvements in platform experience and use of AI/ ML led to reduction in operating loss. The company said that the introduction of new features gives its users more reasons to pay for the Jeevansathi platform. 

Shiksha

The study abroad platform plunged into loss in Q4 FY25, reporting an operating loss of INR 1 Cr as against a profit of INR 6 Cr in the year-ago period. Shiksha’s top line growth was weak in the quarter, rising only 1.6% YoY to INR 40 Cr. 

“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,” Naukri said. 

Eternal, PB Fintech Investment Takes A Hit

Besides its core businesses, Info Edge has been a big investor in the Indian startup ecosystem through its venture capital arm, Info Edge Ventures. Importantly, the company holds a 12.4% stake in Zomato-parent Eternal worth about INR 146 Cr while it holds 12.5% stake in PB Fintech worth about INR 575 Cr. 

Given the decline in the share prices of the two listed companies in the March quarter, Info Edge booked losses on the fair value of its investments in them. 

For Eternal, the company booked a loss of INR 9,176.7 Cr at the end of the quarter as against a gain of INR 7,005.5 Cr in the previous year period. The foodtech major’s shares declined more than 28% in the March quarter.

Meanwhile, Info Edge accrued a loss of INR 1,414.7 Cr on its investment in PB Fintech as against a gain of INR 908.1 Cr in the previous year’s quarter. The fintech major’s shares fell 25% in the first three months of 2025. 

However, it is pertinent to note that the fair value profit/ loss are not reclassified to Info Edge’s profit/ loss.

Besides Eternal and PB Fintech, Info Edge has a portfolio of 20 unlisted startups, including Agstack, Printo, Brainsight AI, Unbox Robotics, Sploot, Skylark Drones, Nexstem, among others, cumulatively worth INR 636 Cr. 

During the quarter under review, Info Edge invested in Aisle and Anscer Robotics.

Moving forward, the company will be looking to double down on its VC arm. On May 26, Info Edge received shareholder approval to infuse up to INR 1,000 Cr (about $118 Mn) in its latest startup-focussed fund, Info Edge Venture Investment Fund III.

Shares of Info Edge ended today’s trading session 0.37% lower at INR 1,467.80 on the BSE.