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View All NewsIndia – Info Edge Q4 revenue slips 10.1%
Info Edge India Ltd (NAUKRI:NSI), the Indian job board, today reported standalone revenue from operations for the first quarter ended 31 March 2021 of INR 2.90 billion (USD 39.1 million), down 10.1% compared to the same period last year.
| (INR millions) | Q4 2021 | Q4 2020 | Change | Q4 2021 (USD millions) |
| Net Revenue from Operations | 2,900.4 | 3,228.1 | -10.1% | 39.1 |
| Total Income | 3,306.6 | 3,422.8 | -3.4% | 44.6 |
| Profit before exceptional items and tax | 819.1 | 1,034.2 | -20.8% | 11.0 |
| Net Profit | 666.8 | 416.2 | 60.3% | 8.9 |
Info Edge runs job site Naukri.com as well as 99acres.com. The company also runs Jeevansathi.com, a matrimonial portal, Shiksha.com an education portal as well as Quadrangle, an offline executive search business, and Naukri Gulf.
Segment by Revenue
| (INR millions) | Q4 2021 | Q4 2020 | Change | Q4 2021 (USD millions) |
| Recruitment Solutions | 1,986.5 | 2,306.3 | -13.8% | 26.7 |
| 99 acres for real estate | 500.9 | 563.5 | -11.1% | 6.7 |
| Others | 413.0 | 358.2 | 15.3% | 5.5 |
| Total Revenue | 2,900.4 | 3,228.1 | -10.1% | 39.1 |
Chintan Thakkar, CFO said "We have witnessed continued recovery during the quarter, led by billings growth in Naukri India and 99acres by 26% and 41.5%respectively, over Q4 billings of FY20. As compared with Q4 of FY 2019, a pre-pandemic quarter, the billings in Naukri India and 99acres have grown 16.7% and 7.5%, respectively."
The group also published its full-year results.
| (INR millions) | FY 2021 | FY 2020 | Change | FY 2021 (USD millions) |
| Net Revenue from Operations | 10,985.9 | 12,726.9 | -13.6% | 148.2 |
| Total Income | 12,173.6 | 13,603.1 | 12.4% | 164.2 |
| Net Profit | 2,709.3 | 2,056.6 | -26.9% | 36.5 |
Last week Info Edge announced it will acquire Zwayam, a recruitment software firm, for INR 610 million (USD 8.3 million).
As of last trade Info Edge traded at INR 4,884.80 (USD 65.90), down 2.28% on the day and 16.93% below its 52-week high of INR 5,880.00 (USD 79.33), set on 6 January 2021. The company has a market cap of INR 642.46 billion (USD 8.66 billion).