NAUKRINSEQ3FY25February 11, 2025

Info Edge (India) Limited

10,239words
1turns
0analyst exchanges
3executives
Management on call
Sanjeev Bikhchandani
Founder & Vice Chairman,
Hitesh Oberoi
Co Promoter & Managing Director,
Chintan Thakkar
Director & CFO.
Key numbers — 40 extracted
Rs.688 crore
finally, we'll have (cid:415)me for Q&A. For the standalone business in Q3 of FY25, billings will Rs.688 crores, a Y-o-Y growth of 16% and revenue was Rs.672 crores, a YoY growth of 13%. Billings and revenue i
16%
or Q&A. For the standalone business in Q3 of FY25, billings will Rs.688 crores, a Y-o-Y growth of 16% and revenue was Rs.672 crores, a YoY growth of 13%. Billings and revenue including Zwayam and DoSe
Rs.672 crore
ndalone business in Q3 of FY25, billings will Rs.688 crores, a Y-o-Y growth of 16% and revenue was Rs.672 crores, a YoY growth of 13%. Billings and revenue including Zwayam and DoSelect were Rs.690 crores and R
13%
billings will Rs.688 crores, a Y-o-Y growth of 16% and revenue was Rs.672 crores, a YoY growth of 13%. Billings and revenue including Zwayam and DoSelect were Rs.690 crores and Rs.694 crores respec(ci
Rs.690 crore
ue was Rs.672 crores, a YoY growth of 13%. Billings and revenue including Zwayam and DoSelect were Rs.690 crores and Rs.694 crores respec(cid:415)vely, a YoY growth of 16% and 13%. Opera(cid:415)ng profits at th
Rs.694 crore
es, a YoY growth of 13%. Billings and revenue including Zwayam and DoSelect were Rs.690 crores and Rs.694 crores respec(cid:415)vely, a YoY growth of 16% and 13%. Opera(cid:415)ng profits at the standalone level
20%
cid:415)vely, a YoY growth of 16% and 13%. Opera(cid:415)ng profits at the standalone level grew by 20% YoY to Rs.263 crores and the opera(cid:415)ng margin expanded by 249 basis points to 39%. The stand
Rs.263 crore
y, a YoY growth of 16% and 13%. Opera(cid:415)ng profits at the standalone level grew by 20% YoY to Rs.263 crores and the opera(cid:415)ng margin expanded by 249 basis points to 39%. The standalone business gene
249 basis point
the standalone level grew by 20% YoY to Rs.263 crores and the opera(cid:415)ng margin expanded by 249 basis points to 39%. The standalone business generated cash from opera(cid:415)ons of Rs.346 crores in Q3FY25
39%
l grew by 20% YoY to Rs.263 crores and the opera(cid:415)ng margin expanded by 249 basis points to 39%. The standalone business generated cash from opera(cid:415)ons of Rs.346 crores in Q3FY25 a YoY gr
Rs.346 crore
anded by 249 basis points to 39%. The standalone business generated cash from opera(cid:415)ons of Rs.346 crores in Q3FY25 a YoY growth of 27%. In Q3FY25, the cash genera(cid:415)on from the recruitment busines
27%
andalone business generated cash from opera(cid:415)ons of Rs.346 crores in Q3FY25 a YoY growth of 27%. In Q3FY25, the cash genera(cid:415)on from the recruitment business was Rs.333 crores, a YoY grow
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Guidance — 20 items
MANAGEMENT
opening
“All par(cid:415)cipant lines will be in listen- only mode, and there will be an opportunity for ques(cid:415)ons and answers a(cid:332)er the presenta(cid:415)on concludes.”
MANAGEMENT
opening
“For the standalone business in Q3 of FY25, billings will Rs.688 crores, a Y-o-Y growth of 16% and revenue was Rs.672 crores, a YoY growth of 13%.”
MANAGEMENT
opening
“In the first nine months of FY25, the standalone business billings were Rs.1,898 crores, a YOY growth of 14% and revenue was Rs.1,967 crores, a YoY growth of 11%.”
MANAGEMENT
opening
“The standalone business generated cash from opera(cid:415)ons of Rs.781 crores in the first nine months of FY25, a YoY growth of 17%.”
MANAGEMENT
opening
“The recruitment business generated cash of Rs.812 crores in the first nine months, and the cash losses from the non-recruitment businesses were reduced by 75%, from a cash loss of Rs.79 crores in the first nine months of FY24 to Rs.20 crores in the first nine months of FY25.”
MANAGEMENT
opening
“EPS before excep(cid:415)onal items, net of tax and deferred tax for Q3FY25 stood at Rs.20, a YoY growth of 21% and was Rs.58 in the first nine months of FY25, a YoY growth of 19%.”
MANAGEMENT
opening
“Each equity share with a face value of Rs.10 will be subdivided into 5 equity shares, with a revised face value of Rs.2 The primary objec(cid:415)ve of this share split is to enhance liquidity in the market and to encourage greater retail investor par(cid:415)cipa(cid:415)on.”
MANAGEMENT
opening
“In the first nine months of FY25, Recruitment billings grew by 13% to Rs.1417 crores and revenue grew by 9% to Rs.1471 crores.”
MANAGEMENT
opening
“Cash generated from the recruitment opera(cid:415)on in the first nine months of FY25 was Rs.812 crores.”
MANAGEMENT
opening
“Live new project lis(cid:415)ngs grew 9% in Q3, and live resale plus rental lis(cid:415)ngs from brokers grew 20% YoY in Q3.”
Risks & concerns — 6 flagged
Stricter restric(cid:415)ons for study abroad students in Australia and Canada, higher visa rejec(cid:415)on rates for those aspiring to study in the US, and a decline in job prospects for students abroad have reduced student interest in going overseas.
— MANAGEMENT
This is despite non-IT being higher than IT so it seems like the IT part of recruitment consultants must be seeing a pre(cid:425)y sharp slowdown since these are pre(cid:425)y correlated with IT.
— MANAGEMENT
We worry more about the impact of AI on jobs, which could impact our business.
— MANAGEMENT
We have seen some data point especially on JobSpeak, some slowdown, especially on the hiring data.
— MANAGEMENT
And second, on the non-IT side, while most of the companies are calling out some slowdown due to macro and other stuff, we have seen our non-IT remain very resilient.
— MANAGEMENT
Q4 is a seasonally strong quarter, but Q4 last year was weak as well.
— MANAGEMENT
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Speaking time
MANAGEMENT
1
Opening remarks
MANAGEMENT
Mr. Sanjeev Bikhchandani – Founder & Vice Chairman, Mr. Hitesh Oberoi – Co Promoter & Managing Director, Mr. Chintan Thakkar – Director & CFO. Vineet Ranjan: Good evening, everyone. Welcome to the Info Edge (India) Limited Q3FY25 Earnings Conference Call. Joining us today from the management, we have Mr. Sanjeev Bikhchandani, Founder and Vice Chairman; Mr. Hitesh Oberoi, Co-Promoter and Managing Director; and Mr. Chintan Thakkar, Director and CFO. Before we begin, we would like to draw your a(cid:425)en(cid:415)on to the detailed disclaimer included in the presenta(cid:415)on for good order sake. Please note that this conference call is being recorded. All par(cid:415)cipant lines will be in listen- only mode, and there will be an opportunity for ques(cid:415)ons and answers a(cid:332)er the presenta(cid:415)on concludes. Now, I'd like to hand over the call to Mr. Hitesh Oberoi for his opening remarks. Thank you, and over to you, Hitesh. Hitesh Oberoi: Thank you, Vineet. Good evening,
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