Info Edge (India) Ltd's Q3FY25 Quarterly Results

Result Summary

• Info Edge (India) Ltd reported a 0.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 37.8%.
• Its expenses for the quarter were down by 1.1% QoQ and up 7.0% YoY.
• The net profit increased 240.4% QoQ and increased 141.5% YoY.
• The earnings per share (EPS) of Info Edge (India) Ltd stood at 18.7 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Info Edge (India) Ltd is a leading internet company in India, primarily known for its online classifieds and digital platforms. The company operates in various segments, including recruitment, matrimony, real estate, education, and related services. Its flagship product, Naukri.com, is a major online job portal in India. Additionally, Info Edge has diversified its portfolio with platforms such as 99acres.com for real estate, Jeevansathi.com for matrimony, and Shiksha.com for education. Apart from these, Info Edge is also recognized for its strategic investments in emerging companies like Zomato and PolicyBazaar, which have significantly influenced the digital economy landscape in India. As of the latest data, no recent major developments have been specified, but the company's investments and digital platforms continue to grow and adapt in the evolving market.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Info Edge (India) Ltd reported a total income of ₹909.48 crores. This represents a slight quarter-over-quarter (QoQ) decrease of 0.6% compared to the previous quarter (Q2FY25), where the total income was ₹914.95 crores. However, on a year-over-year (YoY) basis, there is a significant increase of 37.8% from Q3FY24, when the total income stood at ₹659.81 crores. This YoY growth reflects the company's expanding market reach and potentially increased demand across its digital platforms.

Profitability

During Q3FY25, the company achieved a profit before tax of ₹376.89 crores, marking a substantial decrease of 35.9% QoQ from Q2FY25's ₹587.58 crores. Despite this quarterly decline, the YoY growth is notable at 79.4%, up from ₹210.08 crores in Q3FY24. The tax expense for Q3FY25 was ₹82.67 crores, significantly reduced by 80.1% QoQ from ₹415.31 crores in Q2FY25, and up by 16.5% YoY from ₹70.99 crores in Q3FY24. Consequently, the profit after tax for Q3FY25 surged to ₹288.42 crores, a remarkable QoQ increase of 240.4% compared to ₹84.74 crores in Q2FY25, and a YoY increase of 141.5% from ₹119.44 crores in Q3FY24. The earnings per share (EPS) for Q3FY25 is ₹18.70, which is a significant increase from both the previous quarter and the same quarter last year.

Operating Metrics

In terms of operating expenses, Info Edge (India) Ltd recorded total expenses of ₹486.83 crores in Q3FY25, a slight QoQ decrease of 1.1% from ₹492.11 crores in Q2FY25. Compared to the same quarter last year, there was a 7.0% increase in total expenses from ₹455.03 crores in Q3FY24. The company's earnings per share (EPS) in Q3FY25 is ₹18.70, representing a drastic improvement of 938.9% QoQ from ₹1.80 in Q2FY25 and a YoY growth of 59.8% from ₹11.70 in Q3FY24. These changes in EPS reflect the company’s enhanced profitability despite the fluctuations in total income and expenses.