Info Edge, the parent firm of job portal Naukri.Com, has reported a 3.5% increase in billings to Rs 826.9 crore on a standalone basis in the fourth quarter ended March 31, 2024, according to a regulatory filing.
In the same period a year ago, the company’s billings were Rs 748.6 crore. The billings for Recruitment Solutions grew by 7.18% to Rs 625.4 crore, up from Rs 583.5 crore in the March 2023 quarter.
During the reported quarter, the billings for the real estate arm 99acres increased by 26.42% to Rs 131.1 crore from Rs 103.7 crore in the corresponding quarter a year ago.
For the fiscal year ending March 31, 2024, the standalone billing of the company increased by 5.47% to Rs 2,495.9 crore from Rs 2,366.3 crore in 2022-23.
The main contributor to the company’s billing, Recruitment Solutions, increased slightly to Rs 1883.2 crore in the reported fiscal year from Rs 1,858.7 crore in fiscal year 2023. The billing for the real estate platform 99acres grew by approximately 24% to Rs 385.1 crore in FY ‘2024 from Rs 311.6 crore in 2022-23.
Info Edge stated that the information for the quarter and year ending March 31, 2024, is being released prior to the official announcement of the financial results for that period and is subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors of the Company.
