Naukri parent Info Edge’s consolidated net profit surged 32% to INR 342.9 Cr in the first quarter of FY26 from INR 258.9 Cr in the same quarter previous year. Sequentially, the company’s bottom line plummeted 49% from INR 677.9 Cr.
The internet company’s top line recorded a hefty uptick both on a YoY and QoQ basis. In Q1 FY26, Info Edge’s operating revenue rose 17% YoY to INR 790.9 Cr from INR 676.7 Cr in the year-ago period. This also marked a near 6% increase from INR 749.6 Cr operating revenue it posted in Q4 FY25.
Including other income of INR 213.2 Cr, Info Edge’s total income for the quarter stood at INR 1,004.1 Cr. While this marked a near 21% YoY increase, the total income of the company declined 21% from INR 1,270.4 Cr in the March quarter.
For the uninitiated, Info Edge operates online platforms for hiring, real estate solutions, match making and education. Here’s how the company’s verticals performed in the June quarter.
Naukri: Info Edge’s hiring platform Naukri continued to be the company’s revenue driver in the quarter, bringing in a revenue of INR 562.2 Cr. While Naukri’s top line rose 15% YoY, its profit increased 13% YoY to INR 285 Cr. Billings for the quarter rose 9% YoY to INR 470 Cr, with the highest hiring demand surge of 17% coming from the GCC segment.
99Acres: The real estate platform’s revenue rose 12% YoY to INR 110.7 Cr, while profit increased 26% YoY to INR 93.6 Cr. Billing grew about 17% YoY to INR 94 Cr due to improvement in number of customers and average bills per customer.
Jeevansathi: The matrimonial platform achieved breakeven in the quarter as against a loss of INR 2 Cr in the year-ago quarter. Its revenue grew 29% YoY to INR 34 Cr and billings rose to INR 35 Cr from INR 25 Cr a year ago. The company said it achieved operating breakeven on the back of addition of more monetisation features to the platform during the quarter.
“Business growth moderated in Q1 FY26. The recruitment segment was impacted by geopolitical headwinds and a sectoral slowdown towards the end of the quarter. Our non-recruitment portfolio continued to progress well with 18% billings growth, market share gains, and reduced cash losses,” Info Edge MD and CEO Hitesh Oberoi said.
It is pertinent to mention that Info Edge is also an active investor in the Indian startup ecosystem. Two of its biggest new-age tech company bets, Eternal and PB Fintech, paid off significantly in the quarter due to the upward movement in the shares of the listed companies.
While Info Edge realised a gain of INR 7,503.3 Cr on fair valuation of its investment in Eternal during the quarter, PB Fintech brought in a gain of INR 640.4 Cr.
Shares of Info Edge ended today’s trading session 2.17% lower at INR 1,332.50 on the BSE.
The post Info Edge Q1: Profit Surges 32% YoY To INR 343 Cr appeared first on Inc42 Media.
You may also like
Brit holidaymakers risk being banned from plane over 'dead phones'
Bayer Leverkusen release injury statement ahead of Chelsea as four players to miss friendly
Oliver Glasner gives Arsenal clear Eberechi Eze transfer response as next deal planned
Two Man Utd stars played significant role in Benjamin Sesko transfer agreement
'Foreign lobby': Republican senator says H-1B crucial for medical field, gets trolled