Info Edge's Standalone Billings Surge in Q4, Naukri.com Sees Growth

8 Apr 2024 , 01:13 PM

Naukri.com’s parent company, Info Edge, reported a 3.5% increase in standalone billings to ₹826.9 Crore in Q4 ended March 31, 2024, compared to ₹748.6 Crore in the same period last year.

Billings from Recruitment Solutions rose by 7.18% during the quarter, reaching ₹625.4 Crore, up from ₹583.5 Crore in the March 2023 quarter.

The real estate arm, 99acres, saw a significant increase in billings by 26.42% to ₹131.1 Crore, compared to ₹103.7 Crore in the corresponding quarter last year.

For the fiscal year ending March 31, 2024, standalone billings of the company grew by 5.47% to ₹2,495.9 Crore from ₹2,366.3 Crore in 2022-23.

Recruitment Solutions remained the top contributor to the company’s billing, slightly increasing to ₹1,883.2 Crore in FY ‘2024 from ₹1,858.7 Crore in FY 2022-23.

Billing from the real estate platform, 99acres, surged by about 24% to ₹385.1 Crore in FY ‘2024 compared to ₹311.6 Crore in 2022-23.

Info Edge noted that the information released for the quarter and year ended March 31, 2024, is preliminary and subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors.

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