Q1 2025 Info Edge (India) Ltd Earnings Call Transcript
Key Points
- Standalone billings grew by 11% YoY to INR579 crore, and revenue increased by 9% YoY to INR639 crore.
- Operating profit at a standalone level grew by 9% YoY to INR227 crore, with an operating margin of 36%.
- Cash losses in non-recruitment businesses reduced significantly by 73%, from INR61 crore in Q1 FY24 to INR17 crore in Q1 FY25.
- The recruitment business generated healthy cash, with cash generated from operations at INR190 crore.
- Jeevansathi's billings grew by 35% YoY, and the business is nearing breakeven with operating losses reduced by 88% YoY.
- Operating expenses rose by 19% YoY in Q1 FY25, driven by costs from IPL campaigns and strategic business initiatives.
- Revenue growth in the recruitment segment lagged behind billing growth due to slower billing growth observed in mid-FY24.
- The IT segment's billing growth trajectory moderated to mid-single digits compared to previous quarters.
- The real estate segment's billings growth moderated to 10%, and operating losses, although reduced, still stood at INR14 crore.
- The study abroad business within Shiksha was affected by a weak external environment, impacting overall growth.
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(audio in progress) we have 70 people with us, and I'm handing over to my colleague's, Vineet, and we'll start the call.
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Thank you, Anand. Good evening, everyone. Welcome to Info Edge India Limited Q1 FY25 earnings conference call. Joining us from management today, we have Bikhchandani, Promoter and Vice Chairman; Mr. Hitesh Oberoi, Co-Promoter and Managing Director; and Mr. Chintan Thakkar, Director and CFO.
Before we begin, I would like to draw your attention to the detailed disclaimer in the presentation for good order sake. Kindly note that this conference is being recorded. (Operator Instructions)
Now I'll hand over to -- the call to Mr. Hitesh Oberoi for his opening remarks. Thank you, and over to you, Hitesh.
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