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View All NewsInfo Edge Q2 revenue ticks up 3.6% with growth in Recruitment Solutions
Info Edge India Ltd (NAUKRI:NSI), the Indian job board, reported unaudited consolidated results today with revenue from operations for the second-quarter ended 30 September 2023 of INR 6.26 billion (USD 75.1 million), up 3.6% compared to the same period last year.
Recruitment Solutions saw an uptick in revenue of 7.4% over the previous year.
| (INR millions) | Q2 2023 | Q2 2023 | Change | Q2 2024 (USD millions) |
| Revenue from Operations | 6,258 | 6,041 | 3.6% | 75.1 |
| Total Income | 7,920 | 7,268 | 8.9% | 95.1 |
| Profit before tax | 3,084 | 1,486 | 107.4% | 37.0 |
| Profit for the Period | 2,397 | 939 | 155.3% | 28.7 |
Recruitment solutions comprises primarily of Naukri.com, other recruitment related portals and ancillary services related to recruitment. The ‘Others’ segments comprises Jeevansathi.com for matrimony related services and Shiksha.com for education related services.
Revenue by segment
| (INR millions) | Q2 2024 | Q2 2023 | Change | Q2 2023 (USD millions) |
| Recruitment Solutions | 4,679 | 4,358 | 7.4% | 56.2 |
| 99 acres for real estate | 872 | 697 | 25.2% | 10.4 |
| Others | 705 | 985 | -28.4% | 8.4 |
Info Edge shares closed today at INR 4,340.05 (USD 52.12), up 0.66% on the day and 12.93% below its 52-week high of INR 4,984.50 (USD 59.86), set on 7 August 2023. The company has a market cap of INR 549.48 billion (USD 6.59 billion).