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View All NewsIndia – Info Edge fourth quarter net revenue jumps 51.5%
Info Edge India Ltd, the Indian job board, reported standalone revenue on Friday from operations for the fourth quarter ended 31 March 2022 of INR 4.55 billion (USD 58.7 million), an increase of 51.5% compared to the same period last year.
| (INR millions) | Q4 2022 | Q4 2021 | Change | Q4 2022 (USD millions) |
| Net Revenue from Operations | 4,555.1 | 3,005.2 | 51.5% | 58.7 |
| Total Income | 4,976.1 | 3,411.8 | 45.8% | 64.1 |
| Profit before exceptional items and tax | 1,594.6 | 874.1 | 82.4% | 20.5 |
| Net Profit | 1,206.9 | 696.5 | 73.2% | 15.5 |
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 | 3,443.8 | 2,091.3 | 64.6% | 44.4 |
| 99 acres for real estate | 612.6 | 500.9 | 22.3% | 7.9 |
| Others | 498.7 | 413.0 | 20.7% | 6.4 |
| Total Income | 4,976.1 | 3,411.8 | 45.8% | 64.1 |
Info Edge also published total income for the full year of INR 17.32 billion (USD 223.31 million), up 38.9% compared to the previous year. Net revenue from operations increased by 38.5%.
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.”
Shares in Info Edge closed at INR 3,693.30 (USD 47.62), up 4.04% on the day. The company has a market cap of INR 490.61 billion (USD 6.32 billion).