Hot Pursuit     30-May-22
Info Edge rises after strong Q4 performance
Info Edge (India) advanced 3.91% to Rs 3838 after the company's standalone net profit jumped 66.9% to Rs 120.70 crore on a 51.6% increase in net sales to Rs 455.51 crore in Q4 FY22 over Q4 FY21.

Billing in Q4 FY22 was Rs 649.3 crore, up 52.5% YoY. Billing including acquired operating businesses (Zwayam and DoSelect) was at Rs 665.5 crore.

In the fourth quarter, Recruitment Solutions billing was Rs 513 crore (up 66.58% YoY), 99acres.com billing was Rs 79.3 crore (up 10.6% YoY) and Shiksha.com billing was Rs 28.7 crore (up 48.2% YoY).

Cash EBIDTA of Info Edge in Q4 FY22 stood at Rs 341.7 crore, up 84.8% YoY. Cash EBITDA Margin stood at 52.6% in Q4 FY22, up from 43.4% in Q4 FY21.

Info Edge recorded 85.3% increase in standalone net profit to Rs 520.54 crore on a 38.5% rise in net sales to Rs 1,562.46 crore in FY22 over FY21.

The board has declared dividend of Rs 13 per share ( Rs 8 per share interim and Rs 5 per share as final dividend) for the year 2022.

Hitesh Oberoi, managing director and chief executive officer, Info Edge, said: "We are experiencing strong tailwinds in recruitment and real estate verticals. Post pandemic the gap between supply and demand of skills has increased globally. We expect this trend to continue in mid to long term and will create demand for platforms like naukri.”

Chintan Thakkar, whole time director and chief financial officer, Info Edge (India), stated: "Outstanding growth in billing, revenues, profitability and cash from operations. Naukri business has placed the company on a solid platform of consistent profitable growth.”

Info Edge (India) is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, Jeevansathi.com, 99acres.com and Shiksha.com. The company also owns Quadrangle and Naukri Gulf. It has made significant strategic investments such as zomato.com, policybazaar.com and happily unmarried.com etc.

Previous News
  Info Edge arm to invest in Brainsight Technology
 ( Hot Pursuit - 10-Jul-23   12:39 )
  Info Edge arm to invest further Rs 98.94 lakh in healthcare tech firm - Brainsight
 ( Corporate News - 10-Jul-23   12:41 )
  Info Edge (India) to further invest Rs 9.31 cr in Agstack Technologies
 ( Corporate News - 24-Jan-23   12:25 )
  Info Edge (India) allots 2 lakh equity shares under ESOS
 ( Corporate News - 13-Sep-24   21:13 )
  Info Edge to sell entire stake in Happily Unmarried Marketing for Rs 61 cr
 ( Hot Pursuit - 12-Jun-23   09:35 )
  Info Edge
 ( Results - Analysis 18-Nov-21   10:00 )
  Volumes spurt at Max Healthcare Institute Ltd counter
 ( Hot Pursuit - 04-Aug-23   11:00 )
  Info Edge (India) to discuss results
 ( Corporate News - 07-May-24   12:08 )
  Volumes jump at Zomato Ltd counter
 ( Hot Pursuit - 02-Aug-24   11:00 )
  Info Edge (India) consolidated net profit rises 103.73% in the March 2022 quarter
 ( Results - Announcements 28-May-22   08:13 )
  Info Edge Q3 PAT spurts 91% YoY to Rs 133 cr
 ( Hot Pursuit - 29-Jan-22   12:00 )
Other Stories
  Macrotech Developers pre-sales jumps 21% YoY in Q2 FY25
  05-Oct-24   09:04
  UCO Bank’s total advances jump 19% YoY in Q2 FY25
  04-Oct-24   15:15
  Vakrangee Ltd leads losers in 'A' group
  04-Oct-24   15:00
  Kamdhenu Ventures Ltd leads losers in 'B' group
  04-Oct-24   14:45
  GRSE bags Rs 226-cr LoA from West Bengal Govt
  04-Oct-24   14:40
  Volumes soar at Avenue Supermarts Ltd counter
  04-Oct-24   14:30
  Real Estate stocks edge lower
  04-Oct-24   14:00
  Auto stocks edge lower
  04-Oct-24   14:00
  Utilties stocks edge lower
  04-Oct-24   14:00
  HDFC Bank Ltd down for fifth straight session
  04-Oct-24   13:35
Back Top