Info Edge Q1 profit rises 43% to Rs 490 crore as Naukri, 99acres gather pace
Info Edge reported a strong June quarter with a 43% net profit increase. Enterprise hiring and 99acres momentum significantly boosted core business performance. Recruitment services saw billings rise 17.5% and revenues climb 13%. 99acres narrowed its operating loss as paid listings and enquiries grew.
Info Edge's Q1 profit surged 43% to Rs 490 crore, driven by gains in its Naukri and 99acres divisions. Naukri's operating revenue rose 11% to Rs 553 crore, with operating profit climbing 25% to Rs 356 crore. The company's flagship job portal, Naukri, reported a 17.5% increase in billings to Rs 553 crore and a 25% jump in operating profit.
99acres saw a 16.5% increase in billings to Rs 110 crore and a 17% rise in revenues to Rs 130 crore. Operating losses narrowed at 99acres to Rs 2 crore from Rs 19 crore a year earlier as the platform expanded its paid offerings and attracted more property enquiries. The combined matchmaking platforms, Jeevansathi and Aisle, experienced a 20.3% increase in billings, while Shiksha's profit declined due to reduced referral traffic from AI-led changes to search.
Overall, Info Edge's core businesses showed stronger momentum as enterprise hiring expanded and the adoption of AI products like AI-Rex increased.
Written by urgent.news from Economic Times Tech's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
