Info Edge (India) , a leading Indian pure-play internet company, has released its Q4 business update for the financial year ended March 31, 2025, showcasing robust growth across its business segments.

Q4 Standalone Billings Surge

Info Edge reported standalone billings of ₹983.80 crore for the quarter ended March 31, 2025, marking a significant 18.9% year-over-year increase from ₹826.90 crore in the same quarter of the previous year. This strong performance underscores the company's resilience and continued market leadership in its core business areas.

Segment-wise Performance

The company's growth was driven by solid performances across its key business segments:

• Recruitment Solutions, the company's flagship segment, saw a robust 18.4% year-over-year growth, contributing ₹740.30 crore to the overall billings.
• The 99acres platform, focused on real estate, demonstrated strong momentum with a 21.9% increase, reaching ₹159.80 crore in Q4 FY2025.
• The Others segment, which includes businesses like Shiksha and Jeevansathi, also showed healthy growth of 18.7%, contributing ₹83.70 crore to the quarter's billings.

Full-Year Performance

For the full financial year ended March 31, 2025, Info Edge reported impressive results:

• Total standalone billings reached ₹2,881.70 crore, up 15.5% from ₹2,495.90 crore in FY2024.
• Recruitment Solutions maintained its dominant position, contributing ₹2,157.70 crore to the annual billings.
• 99acres and Other segments reported annual billings of ₹450.70 crore and ₹273.30 crore, respectively.

Looking Ahead

While these figures are subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors, they provide a strong indication of Info Edge's continued growth trajectory and market position.

The company's ability to deliver consistent growth across all its business segments, particularly in the competitive internet services sector , reflects its strong market presence and effective business strategies. As Info Edge continues to innovate and expand its services, investors and industry observers will be keenly watching its performance in the coming quarters.

Note: All financial figures mentioned are based on the company's latest LODR (Listing Obligations and Disclosure Requirements) filing and are subject to final audit and approval.

Info Edge (India) Limited , the company behind popular job portal Naukri.com, has recently received an income tax demand of ₹17.05 crore for the assessment year 2023-24. This development has brought attention to the company's financial practices, particularly regarding its Employee Stock Option Plan (ESOP) expenses.

Tax Demand Details

According to a disclosure made by Info Edge under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015, the company received an Assessment Order on March 25, 2025, from the Assessment Unit of the Income Tax Department. The order, issued under Section 143(3) of the Income Tax Act, 1961, demands a payment of ₹17,05,15,170 for the assessment year 2023-24.

Reason for the Demand

The primary reason for this substantial tax demand is the disallowance of ESOP expenses claimed by the company. ESOPs are a popular form of employee compensation, especially in the tech industry, but their tax treatment has been a subject of debate.

Company's Response

Info Edge has stated that it is currently reviewing the order and considering its next steps, which may include filing an appeal. The company emphasized that this tax demand will not have a material impact on its current year financials or operations.

Historical Context

This is not the first time Info Edge has faced such tax-related challenges:

• Similar disallowances for the assessment years 2016-17 and 2022-23 are currently pending before the Commissioner of Income Tax (CIT) appeal.
• For assessment years dating back to 2007-08, the Income Tax Appellate Tribunal (ITAT) has previously ruled in favor of the company on similar disallowance issues.

Upcoming Financial Results

In a separate announcement, Info Edge has informed that the trading window for dealing in the company's securities will remain closed for designated persons and their immediate relatives from April 1, 2025. This closure will continue until 48 hours after the declaration of the audited standalone and consolidated financial results for the quarter and year ending March 31, 2025.

While the tax demand adds a new dimension to Info Edge's financial landscape, the company maintains that it will not significantly affect its overall financial health or day-to-day operations. Investors and stakeholders will likely keep a close eye on how this situation unfolds and its potential implications for the company's future financial strategies.