The internet company went profitable in the March FY23 quarter on a standalone basis with sustaining operating margin despite modest revenue growth, and its shares increased 7.6% on May 26 as a result. The stock's NSE closing price was Rs 4,197.75.

Compared to a loss of Rs 84.26 crore in the previous quarter, the standalone profit for the fourth quarter of FY23 was Rs 178.93 crore. The impairment of the company's investment in 4B Networks, a partially owned subsidiary of its 100% subsidiary Allcheckdeals India, resulted in a one-time exceptional loss of Rs 276 crore in Q3FY23, which hurt the bottom line.

It recorded an unusual loss of Rs 18.7 crore for the March FY23 quarter, of which Rs 13.7 crore was due to the aforementioned impairment of an investment in 4B Networks.

Compared to the prior quarter, revenue from operations on a standalone basis increased by 1.6 percent to Rs 564 crore, while's revenue increased by just 0.2 percent to Rs 437.6 crore.

According to Info Edge, Naukri India reached the milestone of 1,25,000 distinct consumers. During FY23, the company had an average revenue per user (ARPU) of 1,10,000.

The hiring industry is seeing cautious spending from its IT clients. For the upcoming quarters, segments that are domestically focused will act as a pull factor.

The 99acres-operated real estate services division had a QoQ increase of 3.6 percent to Rs 75.5 crore, while the other segments, which included and, saw sequential growth of 11.6 percent to Rs 50.8 crore during the March quarter.

On a year-over-year basis, the recruiting business (Naukri) expanded by 27% while the topline grew by 23.8%. The standalone bottom line growth was 48.2%. The top line was made up of 77 percent of the Naukri company.

Earnings before interest, taxes, depreciation, and amortization, or EBITDA, climbed at the operating level by 1.6 percent quarter over quarter to Rs 220.3 crore with a margin that remained constant at 39 percent, while on an annual basis, EBITDA increased by 72 percent with a margin improvement of 1,090 bps.

Info Edge reported a loss of Rs. 272.8 crores for the fourth quarter of FY23 on a consolidated basis, up from Rs. 116.5 crores the previous quarter. Operational revenue climbed by 2.6 percent over the same period to Rs 604.8 crore.