Info Edge (India) dives 2% after lackluster Q4 financial results

Total Income at Rs330.7cr, down by 3.4% over the corresponding quarter in FY 2019-20.

Jun 21, 2021 01:06 IST India Infoline News Service

Info Edge (India) Limited has announced Q4 FY21 results for the quarter ended 31st March, 2021, Q4 Net Sales (Revenue) down by 10.2%, Billing up by 25.2%, Total Income down by 3.4%, Operating EBITDA down by 44.9%.

Quarter Ended on 31st March, 2021
  • Billing at Rs415.7cr, up by 25.2% over the corresponding quarter in FY 2019-20.
  • Net sales (Revenue) at Rs290.0cr, down by 10.2% over the corresponding quarter in FY 2019-20.
  • Total Income at Rs330.7cr, down by 3.4% over the corresponding quarter in FY 2019-20.
  • Operating EBITDA at Rs53.2cr, down by 44.9% over the corresponding quarter in FY 2019-20.
Year Ended on 31st March, 2021
  • Billing at Rs1150.7cr, down by 9.3% over the financial year ended March 31st 2020.
  • Net sales (Revenue) at Rs1098.6cr down by 13.7% over the financial year ended March 31st 2020.
  • Total Income at Rs1217.4cr down by 10.5% over the financial year ended March 31st 2020.
  • Operating EBITDA at Rs277.5cr down by 31.1% over the financial year ended March 31st 2020.
Commenting on the results, Chintan Thakkar, CFO said “We have witnessed continued recovery during the quarter, led by billings growth in Naukri India and 99acres by 26.0% and 41.5%respectively, over Q4 billings of FY’20. As compared with Q4 of FY’19, a pre-pandemic quarter, the billings in Naukri India and 99acres have grown 16.7% and 7.5% respectively.”

At around 1:25 PM, Info Edge (India) was trading at Rs4,890 per piece down by Rs106.5 or 2.13% on Sensex.

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