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Info Edge Q2 billings rise 14.3% with growth across the board

Info Edge Q2 billings rise 14.3% with growth across the board

October 7, 2024

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Indian staffing firm Info Edge’s standalone billings for the second quarter ended 30 September 2024 stood at INR 6.50 billion (USD 77.4 million), up 14.3% compared to the same period a year ago.

The group published its quarterly update on 7 October 2024.

Standalone billings by segment

(INR millions)

Q2 2024

Q2 2023

Change

Q2 2024 (USD millions)

Recruitment solutions

4,920

4,314

14.0%

58.6

99acres for real estate

1,074

922

16.5%

12.8

Others

509

454

12.1%

6.0

Total

6,503

5,690

14.3%

77.4

Info Edge also posted standalone billings of INR 12.3 billion (USD 146.49 million) for the six months ended 30 September 2024, up 12.6% over the same period the year prior.

The company’s unaudited figures for the quarter and half year ended 30 September 2024 are subject to review and approval by the audit committee, board of directors, and statutory auditors.

Info Edge shares last traded at INR 7,967.55 (USD 94.89), down 3.04% on the day and 4.11% below its 52-week high of INR 8,308.90 (USD 98.96), set on 4 October 2024. The company has a market cap of INR 1.06 trillion (USD 12.62 billion).