Now Reading: Info Edge Q1 Net Profit Jumps 43% To Rs 490 Crore
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Info Edge Q1 Net Profit Jumps 43% To Rs 490 Crore
Naukri parent Info Edge reported a 43% year-on-year jump in net profit to Rs 490.1 crore for the June quarter, according to Inc42. Business Today, however, said consolidated net profit rose 50.6%…
The Story in Brief
Naukri parent Info Edge reported a 43% year-on-year jump in net profit to Rs 490.1 crore for the June quarter, according to Inc42. Business Today, however, said consolidated net profit rose 50.6% to Rs 446 crore. Operating revenue grew 11% to Rs 880.7 crore, with recruitment revenue up 13% to Rs 611.7 crore. Real estate platform 99acres narrowed losses by 89% to Rs 2.1 crore. Sequentially, profit plunged 35% from Rs 755.7 crore. Billings rose 17.5% year-on-year, and EBITDA margin stood at 38.7%.
The Indian Opinion
Info Edge’s 43% profit jump masks a 35% sequential drop, a reminder not to read too much into annual comparisons. Recruitment growth is solid, but AI-driven traffic headwinds hit education portal Shiksha. Some may overhype AI tools like AI-Rex, but 1.3 lakh mock interviews per month show real traction. The real test: can 99acres sustain its narrowing losses and turn fully profitable next quarter, as management expects?
Sources (2): inc42.com, businesstoday.in
This story was synthesised by AI from the 2 sources linked above.
Updated: this story now draws on 2 sources.
