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Info Edge Q1 billings edge up 10.8% with growth across all segments

Info Edge Q1 billings edge up 10.8% with growth across all segments

July 9, 2024

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Indian staffing firm Info Edge’s standalone billings for the first quarter ended 30 June 2024 increased by 10.8% when compared to the same period a year ago.

The group published its quarterly update on 6 July 2024. Overall standalone billings are expected to total INR 5.79 billion (USD 69.39 million).

In the Recruitment Solutions segment, standalone billings are expected to rise by 8.5% over the prior year.

Meanwhile, for the 99acres the Real estate segment, billings are forecasted to rise by 10.3%. In the Others segment, billings are expected to increase by 28.6%. The Others segment includes businesses in which Info Edge is an investor and plays a supervisory and supporting role to the existing entrepreneurs who manage the day-to-day operations.

Info Edge advised that the quarterly updated unaudited numbers for the quarter ended 30 June 2024 are being released ahead of the official announcement of the financial results for the period however, are subject to review and approval by the Audit Committee, Board of Directors and Statutory Auditors of the Company.

Info Edge shares closed yesterday at INR 6,857.45 (USD 82.13), up 0.70% on the day. The company has a market cap of INR 894.99 billion (USD 10.72 billion).