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View All NewsIndia – Info Edge second-quarter revenue falls 19.1%
Info Edge India Ltd (NAUKRI:NSI), the Indian job board, reported unaudited standalone results today with revenue from operations for the second-quarter ended 30 September 2020 of INR 2.56 billion (USD 34.4 million), down 19.1% compared to the same period last year.
| (INR millions) | Q2 2021 | Q2 2020 | Change | Q2 2021 (USD millions) |
| Revenue from Operations | 2,561.1 | 3,166.1 | -19.1% | 34.4 |
| Total Income | 2,824.1 | 3,398.2 | -16.8% | 37.9 |
| Profit for the Period | 511.5 | 92.5 | 452.9% | 6.8 |
Info Edge recorded company billing (invoices sent to customers) of INR 2.49 billion (USD 33.4 million) for the quarter compared to
INR 3.00 billion (USD 40.3 million) during the second quarter ended 30 September 2019, down by 17.0%.
Chintan Thakkar, CFO said, “We are pleased to see gradual recovery of billings across all businesses. The quarter-on-quarter billings have grown by 32.3%.”
Revenue by segment
| (INR millions) | Q2 2021 | Q2 2020 | Change | Q2 2021 (USD millions) |
| Recruitment Solutions | 1,825.8 | 2,263.6 | -19.3% | 24.5 |
| 99 acres for real estate | 363.4 | 570.1 | -36.2% | 4.8 |
| Others | 371.8 | 332.3 | 11.8% | 4.9 |
Info Edge shares closed yesterday at INR 3,536.70 (USD 47.58), down 2.6% on the day. The company has a market cap of INR 456.08 billion (USD 6.13 billion).