Earnings Review
Info Edge Q3 PAT down sharply QoQ on high base; misses view
This story was originally published at 16:37 IST on 13 February 2026
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--Info Edge Oct-Dec net profit INR 2.46 bln
--Analysts saw Info Edge Oct-Dec net profit at INR 2.70 bln
--Info Edge Oct-Dec revenue INR 7.65 bln
--Analysts saw Info Edge Oct-Dec revenue at INR 7.63 bln
--Info Edge Oct-Dec net profit INR 2.46 bln vs INR 47.20 bln qtr ago
--Info Edge Oct-Dec revenue INR 7.65 bln vs INR 7.46 bln qtr ago
--Info Edge to pay INR 2.40 per share interim dividend
--Info Edge Apr-Dec net profit INR 52.27 bln vs INR 5.18 bln year ago
--Info Edge interim dividend record date is Feb 20
--Info Edge Apr-Dec revenue INR 22.47 bln vs INR 19.67 bln year ago
--Info Edge: Board approved amendments to dividend distribution policy
--Info Edge Q3 recruitment solution sales INR 5.7 bln vs INR 5.6 bln qtr ago
--Info Edge Oct-Dec 99acres revenue INR 1.19 bln vs 1.15 bln qtr ago
--Info Edge Oct-Dec operating profit INR 2.97 bln vs INR 2.63 bln year ago
--Info Edge Oct-Dec operating profit margin 38.9% vs 39.2% year ago
--Info Edge Oct-Dec cash from ops INR 3.76 bln vs INR 3.46 bln year ago
--Info Edge Oct-Dec billings INR 7.47 bln, up 11.8% on year
--Info Edge Q3 recruitment ops operating profit INR 3.41 bln, up 14.6% on yr
--Info Edge Q3 recruitment ops operating profit margin 59.3% vs 58.9% yr ago
By Shakshi Jain and Astha Oriel
MUMBAI – Consumer internet company Info Edge (India) Ltd. Friday reported a sharp sequential decline in its net profit for the December quarter due to a high base effect. The decline was accentuated by a one-time cost arising from changes prompted by the new labour codes. The recurring net profit of the company, which excludes the exceptional items and deferred tax impact, increased in double digit sequentially for Oct-Dec as total expenses of the company fell while the top line increased marginally for the December quarter.
Info Edge's net profit for the December quarter fell nearly 95% sequentially but rose over 23% on year to INR 2.47 billion. Analysts' consensus estimate had pegged the company's bottom line for the reporting quarter at INR 2.70 billion. Excluding the exceptional items and the deferred tax charge and credit reported for the December and September quarters, the company's net profit roughly adds up to INR 2.91 billion for Oct-Dec.
Info Edge reported a one-time cost of INR 487.59 million for the December quarter on account of an increase in gratuity and leave-related obligations of the company, prompted by the new labour codes. It also reported a deferred tax credit of INR 41.36 million for the quarter.
The company's revenue from operations for the December quarter rose 2.5% sequentially and nearly 14% on year to INR 7.65 billion. This is above the Street's expectation of INR 7.63 billion in top line for the three months. The sequential increase in the company's revenue from operations for Oct-Dec was faster than in the trailing quarter.
Standalone billings of the company rose nearly 12% on year to INR 7.47 billion for the December quarter, the company said. Revenue from the company's recruitment solutions business increased to INR 5.75 billion in Oct-Dec, up from INR 5.58 billion in the September quarter. The contribution of the real estate business 99 Acres rose to INR 1.19 billion in the reporting quarter from INR 1.15 billion a quarter ago. Meanwhile, revenues from the 'others' segment of the company fell slightly in the December quarter to INR 710.42 million from INR 727.08 million in the trailing quarter.
Total expenses of the company declined over 2% sequentially to INR 4.67 billion in the December quarter. This was driven by an over 1% sequential decline in its employee benefit expenses for the three months to INR 2.98 billion.
The company's largest segment, recruitment solutions, recorded an operating profit of INR 3.41 billion for the December quarter, up nearly 15% on year. Its operating profit margin for the quarter expanded by 40 basis points on year to 58.9% in the quarter.
Overall, Info Edge registered an operating profit of INR 2.97 billion for the December quarter, up from INR 2.63 billion a year ago. Its operating profit margin for the three months contracted by 30 basis points on year to 38.9%. The standalone business generated INR 3.76 billion in cash from operations, before taxes, for the December quarter, higher than the INR 3.46 billion recorded a year ago.
The company's board has approved an interim dividend of INR 2.40 per share. The record date for interim dividend is Feb. 20. The company's board has also approved amendment in its dividend distribution policy. For the nine month period Apr-Dec, Info Edge's net profit was INR 52.27 billion as against INR 5.18 billion for the year-ago period. The company's revenue was INR 22.47 billion.
Shares of Info Edge closed Friday at INR 1,130 apiece on the National Stock Exchange, down 1.4%. End
Edited by Akul Nishant Akhoury
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