Info Edge Sees Profitable Surge Amid Mixed Sector Growth

Info Edge, owner of Naukri.com, reported a substantial 34.5% rise in net profit for the June quarter, reaching Rs 342.8 crore. Despite geopolitical challenges affecting the recruitment division, non-recruitment segments such as real estate and matrimony observed growth, with consolidated revenue increasing by 17%.

Info Edge, the parent company of Naukri.com and other notable portals, has announced a robust 34.5% increase in consolidated net profit, totaling Rs 342.8 crore for the June quarter.

This figure marks a significant jump from last year's Rs 258.8 crore for the same period, highlighting the company's resilience in challenging market conditions.

The company's overall revenue from operations also saw a commendable 17% rise, reaching Rs 791 crore. While the recruitment segment faced geopolitical and sectoral pressures, non-recruitment areas such as 99 Acres and Jeevansathi experienced positive growth.

(With inputs from agencies.)