Info Edge Q4 update: Company reports ₹826.9 crore as standalone billing
₹2495.9 crore as compared to ₹2366.3 crore in the corresponding period last year. “The above information for the quarter and year ended March 31, 2024 is being released ahead of the official announcement of the financial results for the said period and is subject to review and approval by the Audit Committee, Board of Directors and Statutory Auditors of the Company," the company said in an exchange filing. Also read: Cognizant defers annual salary hikes to August 2024 amid low demand in IT sector, says report Breaking it down by quarter, there was a notable over 10% surge in standalone billings for the quarter ending on March 31, 2024, reaching ₹826.9 crore, as opposed to ₹748.6 crore in the same period the previous year.
In terms of segment, Info Edge's recruitment solution segment, which includes Naukri.com and iimjobs.com, posted ₹1883.2 crore as standalone billing for the year ended March 31, 2024, 1.81 per cent year-on-year growth to the corresponding last year. The recruitment solution segment further posted 7.1 per cent quarter-to-quarter (QoQ) growth. Also read: Vodafone Idea allots shares worth ₹2,075 cr to group entity Meanwhile, its real estate arm reported standalone billing of ₹385.1 crore for the year ended on March 31, 2024 as compared to ₹311.6 crore in previous year.
Other segment posted ₹227.5 crore for the year FY24 versus ₹196 crore in FY23. During Q3, the company experienced a 6.4% increase in total revenue, reaching ₹627.1 crore. According to a regulatory filing, billing for the December quarter surged by 4.8% year over year, reaching ₹576.9 crore.
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