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Info Edge billings climb 7.2% in Q4

08 April 2024

Info Edge (NAUKRI:NSI), the Indian job board, reported standalone billings increased by 10.4% during the fourth quarter ended 31 March 2024.

In its company update for the quarter, billings totalled INR 8.26 billion for Q4.

Standalone billings by segment

(INR millions) Q4 2024 Q4 2023 Change Q4 2024 (USD millions)
Recruitment Solutions 6,254 5,835 7.2% 75.0
99acres for Real Estate 1,131 1,037 9.0% 13.5
Others 705 614 14.8% 8.4

Info Edge also posted full year standalone billings of INR 24.95 billion, up 5.4% compared with the prior year.

The company added that its update is subject to review and approval by the Audit Committee, Board of Directors and Statutory Auditors of the Company.

Last month, Google reinstated Info Edge’s mobile applications namely, Naukri recruiter and Shiksha, on its Google Play Store, after the tech giant began removing the apps of 10 companies in India in a dispute over service fee payments.

Info Edge (India) Ltd set a new 52-week high during today's trading session when it reached INR 6,234.40 (USD 74.83). Over this period, the share price is up 66.62%. The company last traded at INR 6,189.90 (USD 74.30), up 9.08% on the day. The company has a market cap of INR 732.69 billion (USD 8.79 billion).