Info Edge Reports Strong Q3 FY25 with 15.8% Surge in Standalone Billings to ₹668.3 Crore
Info Edge's standalone billings for Q3 FY25 witnessed a significant 15.8% year-on-year increase to ₹668.3 crore, driven by robust growth in recruitment and real estate segments.
Info EdgeNaukricom99acresQ3 Fy25Standalone BillingsReal EstateJan 06, 2025
The company's standalone billings grew by 15.8% year-on-year (YoY) to ₹668.3 crore, significantly up from ₹576.9 crore in the corresponding period of the previous year.
Segment PerformanceThe growth in standalone billings was primarily fueled by strong performances in the recruitment solutions and real estate segments.
Here are the detailed figures
- Recruitment Solutions Billings in this segment increased to ₹494 crore in Q3 FY25, up from ₹428.9 crore in Q3 FY24.
This represents a notable 15.2% growth, underscoring the company's success in its core business vertical.- 99acres for Real Estate The real estate segment also saw a robust improvement, with billings rising to ₹102.6 crore from ₹88.4 crore.
This segment recorded a 16.1% growth, further diversifying Info Edge's revenue streams.- Other Segments Billings from other segments, including various digital and non-core services, grew to ₹71.7 crore from ₹59.6 crore, marking an 18.6% increase.
Year-to-Date PerformanceFor the nine months ending December 31, 2024, Info Edge's standalone billings totaled ₹1,897.9 crore, representing a 13.7% growth over the ₹1,669 crore reported in the same period last year.
This consistent performance indicates the company's ability to maintain growth momentum across multiple quarters.
Financial HighlightsIn the second quarter of FY25, Info Edge reported a consolidated revenue of ₹700.82 crore, which was a 12% YoY increase.
The company also saw a rise in employee costs to ₹305.71 crore and an increase in advertising expenses to ₹75.55 crore.
Despite these increases, the profit before exceptional items stood at ₹331.49 crore, reflecting the company's operational strength and financial stability.
Market PerformanceOn the stock market, shares of Info Edge closed 2.72% lower at ₹8,780.45 on the reporting day.
However, the stock has performed exceptionally well over the past year, gaining 70.66% and reaching a 52-week high of ₹9,128.90.
This strong market performance is a testament to the company's robust financial health and investor confidence.
About Info Edge (India) LtdInfo Edge (India) Ltd is a leading online service company in India, known for its flagship brands Naukri.com and 99acres.com.
The company has been at the forefront of providing innovative solutions in recruitment and real estate, helping millions of job seekers and property buyers connect with their desired opportunities and properties.
With a strong focus on technology and customer service, Info Edge continues to expand its offerings and maintain its leadership in the industry.
Frequently Asked Questions
What is the percentage increase in Info Edge's standalone billings for Q3 FY25?
Info Edge's standalone billings for Q3 FY25 increased by 15.8% year-on-year.
Which segments contributed to the growth in billings?
The recruitment solutions and real estate segments primarily contributed to the growth in billings. Recruitment solutions grew by 15.2% to ₹494 crore, and real estate (99acres) grew by 16.1% to ₹102.6 crore.
How much were the standalone billings for the nine months ending December 31, 2024?
For the nine months ending December 31, 2024, Info Edge's standalone billings totaled ₹1,897.9 crore, a 13.7% increase over the same period last year.
What was the consolidated revenue reported in the second quarter of FY25?
In the second quarter of FY25, Info Edge reported a consolidated revenue of ₹700.82 crore, which was a 12% YoY increase.
How did Info Edge's stock perform recently?
Info Edge's shares closed 2.72% lower at ₹8,780.45 on the reporting day, but the stock has gained 70.66% over the past year, reaching a 52-week high of ₹9,128.90.
Related News Articles
Current Gold Prices in Major Indian Cities: Latest Rates and Updates
Stay updated with the latest gold prices for 10 grams of 22-carat gold in major Indian cities across India.
Equinox India Developments Limited: The New Face of Indiabulls Real Estate
Listed real estate developer Indiabulls Real Estate Limited has undergone a transformation, changing its name to Equinox India Developments Limited with effect from June 20, 2024.
Real Estate Entrepreneur Kamlesh Kumar Jailed in Ranchi Amid Money Laundering Probe
The Enforcement Directorate (ED) has arrested Real Estate businessman Kamlesh Kumar in Ranchi under the Prevention of Money Laundering Act (PMLA).
Navneet Rana to Skip Maharashtra Assembly Polls, Eyes Rajya Sabha Seat
Navneet Rana, a prominent political figure in Maharashtra, has announced that he will not contest in the upcoming Maharashtra Assembly elections. Instead, he is setting his sights on a membership in the Rajya Sabha. This decision comes after a series of s
Micromitti to Launch SM-REITs: A New Era for Real Estate Investment in Central India
Micromitti, a leading PropTech firm in Central India, is set to introduce Real Estate Investment Trusts (REITs), AIF Category 2 Real Estate Funds, and Private Equity (PE) investments, providing high-return opportunities for individual investors.
Bhopal Sees Property Rates Soar by Up to 200% in 243 Locations
Property rates in Bhopal have increased by up to 200% in 243 locations, including prime areas like Arera Colony, 10 Number Market, and MP Nagar, sparking opposition from builders and developers.