/indianstartupnews/media/agency_attachments/2025/02/08/2025-02-08t102401502z-new-isn-logo-red.png){kind=logo}
Follow Us/indianstartupnews/media/media_files/2025/02/06/j9v2c6vC9smev7ymYQSI.jpg)
Sanjeev Bikhchandani
Info Edge, the parent company of online job portal Naukri.com, reported a 61% year-on-year increase in its consolidated net profit for the quarter ended December 2024.
The company’s net profit rose to about Rs 242.6 crore from Rs 151 crore a year earlier. Along with the strong earnings, the board approved a share split in the ratio of 1:5 to make its equity shares more affordable for retail investors.
Robust revenue and profit growth
Info Edge’s revenue from operations rose by 15% to Rs 722.3 crore in the third quarter of fiscal 2025, compared with Rs 627 crore in the same period last year.
The company’s earnings before interest, taxes, depreciation, and amortization increased by 34% to Rs 272 crore, up from Rs 203 crore. Its EBITDA margin improved to 37.6% from 32.3% in the corresponding quarter of the previous year.
Share split to boost liquidity
The board approved a sub-division of each share with a face value of Rs 10 into five shares of Rs 2 each. The move is intended to enhance liquidity and encourage wider participation among small investors.
The proposal will require shareholder approval, which Info Edge plans to seek via a postal ballot. After receiving the necessary clearances, the company will announce the record date for the share split.
Leadership comments
Hitesh Oberoi, managing director and chief executive officer, said the company witnessed 16% billing growth in the third quarter, driven by consistent performance across all its verticals.
He noted that the recruitment business continued to grow across all segments, helping lift operating profits. He also added that Info Edge’s non-recruitment businesses are close to breaking even, indicating further momentum for the company.
Chief Financial Officer Chintan Thakkar said standalone operating profits rose 20% year-over-year, and cash generated from operations grew by 27%. He noted the company’s strong financial position, with a cash balance of Rs 4,290 crore as of December 31, 2024.