PC: Inc42
Info Edge – that company which brings Naukri, 99acres, and several more to the arena, is all set to roll out its unaudited financial numbers for Q2 of the current fiscal year, FY25. The focus over here is essentially on the performance of the company, its track record, and specific areas on which it is focusing.
The National Stock Exchange accessed data again reflected a high 14.3% year-over-year uptick in revenue from operations at Info Edge’s level during the Q2 FY25 Rs 650.3 crore, which surpassed Rs 569 crore for the same period last fiscal year. Hence, this growth trajectory also underlines a resilient company that thrives through adapting to and adjusting with diverse market situations.
Leader Sanjeev Bikchandani promoted Info Edge to a successful Rs 2,500 crore revenue position for the fiscal year 2024, with healthy profits of Rs 500 crore. That speaks volumes about a debt-free financial performance and strategic positioning in the digital marketplace.
Along with the NSE document, the flagship recruitment solutions segment of Info Edge, recruiting website naukri.com has emerged as a key revenue driver, accounting for 75.65% of the total revenue. The segment showed major growth at 14.04% and revenue more than tripled to Rs 492 crore in Q2 FY25 from Rs 431.4 crore in the same quarter last year, he added.
On the other hand, the real estate segment via 99acres has added Rs 107.4 crore to the revenue of Q2 FY25. Other platforms under the roof of Info Edge, Jeevansathi and Shiksha, also have added Rs 50.9 crore to the revenue stream for the same period. That’s the diversified revenue streams of the company.
Consolidated net revenue for the first half of FY25 came in at Rs 1,229.6 crore, up 12.59% from Rs 1,092.1 crore for the first half of the previous fiscal. The trajectory speaks for itself: very consistent performance and strategic initiatives driving revenue growth across all business verticals of the company.
The conglomerate based in Noida has reported a total revenue of Rs 715.8 crore for the first quarter of FY25. Net profits came to Rs 232.2 crore. Infosys’s strong accounts of operational efficiency during the quarter had infusion of great values and a sound financial position.
As the latest market data goes, the Info Edge shares quoted at Rs 8,038.3 are down by 2% on the opening price at Rs 8,308.90. The company has a total market capitalization of Rs 1,04,013 crore, that is about $12.38 billion. It reiterates again its presence in the digital ecosystem.
While Info Edge seems to be winning at its core recruitment business, there are concerns that seem to surround its performance in real estate, matrimonial, and education portals. Critics say investments in the said verticals have not brought in the scale or value creation as expected and, at times, has diverted attention away from its jobs vertical.
Despite the challenges, its track record of identifying and incubating success stories such as Zomato and PolicyBazaar is demonstrable of its acumen in choosing successful business: the call for reassessing the performance of underperforming verticals indicate strategic repositioning towards optimal resource allocation and to keep pace with sustained growth within the company’s vision and objectives.
