Info Edge shares in focus on achieving 16% YoY growth in standalone billings
standalone billings of Rs 668.3 crore for the quarter ending December 31, 2024, marking a 15.8% year-on-year (YoY) increase.
This is compared to Rs 576.9 crore in the same quarter of the previous year. Meanwhile, for the nine months ending December 31, 2024, the billings surged to Rs 1,897.9 crore, up from Rs 1,669 crore.
Segmentally, the company’s Recruitment Solutions segment led the growth, contributing Rs 494 crore in Q3 FY24, a 15.2% rise on a YoY basis from Rs 428.9 crore in Q3 FY23.
The 99acres Real Estate segment also demonstrated significant growth, with quarterly billings rising to Rs 102.6 crore in Q3 FY24, up 15.7% YoY from Rs 88.4 crore in Q3 FY23. The nine-month billings for the segment totaled Rs 290.9 crore, a 14.5% increase from Rs 254.1 crore.
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