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Informist, Wednesday, Nov. 12, 2025

 

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--Info Edge Jul-Sept net profit INR 47.20 bln 
--Analysts saw Info Edge Jul-Sept net profit at INR 2.70 bln 
--Info Edge Jul-Sept net profit includes one-time income INR 52 bln 
--Info Edge Jul-Sept revenue INR 7.46 bln 
--Analysts saw Info Edge Jul-Sept revenue at INR 7.45 bln 
--Info Edge Jul-Sept net profit INR 47.20 bln vs INR 2.60 bln qtr ago 
--Info Edge Jul-Sept revenue INR 7.46 bln vs INR 7.36 bln qtr ago 
--Info Edge to pay INR 2.40 per share interim dividend 
--Info Edge interim dividend record date is Nov 21 
--Info Edge Apr-Sept net profit INR 49.80 bln vs INR 3.18 bln year ago 
--Info Edge Apr-Sept revenue INR 14.82 bln vs INR 12.95 bln year ago 
--Info Edge Q2 recruitment solution sales INR 5.6 bln vs INR 5.4 bln qtr ago 
--Info Edge Jul-Sept 99acres revenue INR 1.15 bln vs INR 1.11 bln qtr ago 
--Info Edge Jul-Sept operating profit INR 2.68 bln vs INR 2.51 bln year ago 
--Info Edge Jul-Sept operating profit margin 35.9% vs 38.3% year ago
--Info Edge Jul-Sept cash from ops INR 2.93 bln vs INR 2.62 bln year ago 
--Info Edge Q2 recruitment ops operating profit INR 3.12 bln, up 9.1% on year 
--Info Edge Q2 recruitment ops operating profit margin 55.8% vs 57.8% yr ago 
--Info Edge: Billed customers, avg billing/customer for 99acres up YoY in Q2 
--Info Edge: 99acres business continued to gain market share in Jul-Sept 

 

By Shakshi Jain

 

MUMBAI – Info Edge (India) Ltd. Wednesday reported a substantial jump in its net profit for the September quarter, led by a one-time gain on fair valuation of non-current investment in a joint venture. The company's revenue grew marginally on quarter for the three-month period, largely in line with the Street's projection.

 

The technology company's net profit in the reporting quarter rose just over 18 times sequentially and about 55 times on year to INR 47.20 billion. This was mainly due to a one-time gain of INR 52 billion. If not for the one-time gain, the company would have reported a loss of INR 4.80 billion. Analysts' consensus estimate had pegged Info Edge's bottom line for the September quarter at INR 2.7 billion.

The company's net profit was affected by a large tax outgo during the quarter. The company reported a deferred tax charge of INR 7.41 billion for the quarter under review as against an outgo of only INR 12 million a quarter ago.

 

Info Edge's revenue from operations for the September quarter grew 1.3% sequentially and almost 14% on year to INR 7.5 billion. The revenue was largely in line with the Street's projection of INR 7.45 billion. 

 

The company's net profit, exclusive of exceptional items and deferred tax charges, was largely flat on a sequential basis but declined 2% on year to around INR 2.61 billion in the quarter under review.

 

In the September quarter, the National Company Law Tribunal approved the amalgamation of Makesense Technologies Ltd., a joint venture of the company, with PB Fintech Ltd. As a result, Makesense Technologies ceased to be a joint venture of the company and the shares issued by PB Fintech in light of the merger were classified as a financial investment to be fair valued, the company said.

 

Total expenses of the company in the September quarter declined 1.6% on quarter but rose just over 18% on year to INR 4.78 billion. Employee benefit expense, which accounts for the largest share in the company's expenditure pie, grew almost 4% sequentially and over 15% on year to INR 3.02 billion in Jul-Sept. Info Edge's advertising and promotion cost in the three months ended Sept. 30 declined almost 19% on quarter but grew 19.3% on year to INR 901.22 million.

 

Info Edge's operating profit for the September quarter increased to INR 2.68 billion from INR 2.51 billion in the corresponding quarter a year ago. Its operating profit margin contracted by 240 basis points on year to 35.9% in the three-month period. The company's cash generated from operations, before taxes, increased to INR 2.93 billion in the September quarter from INR 2.62 billion in the year-ago quarter.

 

SEGMENTAL PERFORMANCE

Info Edge's revenue from its recruitment business grew 12.8% on year to INR 5.6 billion in the September quarter. "iimjobs and Naukri Fast Forward witnessed moderation in billings growth in Q2, while Naukri Gulf continued to grow well," the company said in a presentation to investors. On an average, 26,000 resumes were added to Naukri database on a daily basis in Jul-Sept, the company said. 

 

Operating profit of the recruitment business was INR 3.12 billion, up over 9% on year. Profit margin of the recruiting business was lower at 55.8%, compared with 57.8% year ago.

 

In the case of its 99acres business, the company reported a revenue of INR 1.15 billion for the September quarter, largely unchanged from INR 1.11 billion a quarter ago. The 99acres business continued to gain market share in the reporting quarter, the company said. Both the number of billed customers and the average billing per customer rose during the quarter. 

 

The company declared its earnings during market hours. Info Edge has announced an interim dividend of INR 2.40 per share, record date for which is Nov. 21. Shares of the company Wednesday rose 2.6% to close at INR 1,376.40 on the National Stock Exchange.  End

 

With inputs from Kabir Sharma

Edited by Ashish Shirke

 

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