Info Edge (India) Q4 2024 Results: Consolidated Revenue up 377% while PAT increased by 117% on a YOY basis

Synopsis:

Info Edge (India) Limited announced its quarterly results for March 2024 on 16th May. It reported a consolidated PAT of ₹ 87.96 cr for Q4 FY2024. Its consolidated total revenue for Q4 FY2024 increased by 376.61% on a YOY basis reaching ₹878.71 cr.

Quarter result performance

The company’s consolidated total revenue for Q4 FY2024 increased by 376.61% on a YOY basis, reaching ₹808.71 cr from ₹ 169.68 cr in Q4 FY2023. The quarterly consolidated revenue was up by 22.57%. Info Edge reported a consolidated PAT of ₹87.96 cr for Q4 FY2024 against a loss of ₹ 503.19 cr in Q4 FY2023, which is an improvement of 117.48%. On a quarterly basis, the consolidated PAT was down by 26.36%. The company’s PAT margin stood at 10.88%.

For the full financial year ending in March 2024, the consolidated PAT stood at ₹ 594.55 cr compared to a loss of ₹ 70.45 cr in FY 2023. For FY 2024, its consolidated total revenue stood at ₹ 2950.07 cr compared to ₹ 2738.54 cr in FY 2023, up by 7.72%. Its EBITDA witnessed a 25% growth on a YOY basis.

Info Edge (India) announced a dividend of ₹ 12 per share having a Face Value of ₹ 10 for FY 2024. Its cash balance at the end of FY2024 was ₹ 4191 cr. It achieved a 3.4% YOY growth in the recruitment business via Naukri.com. While for other non-requirement-led businesses including Jeevansathi.com, 99acres.com, and Shiksha.com, the growth was 29.20%, 22.50%, and 22.20%, respectively.

Commenting on the quarterly results, Mr. Hitesh Oberoi, Managing Director and Chief Executive Office, Info Edge Ltd. said, “I'm encouraged to see a slight rebound in our recruitment business after several weak quarte₹ Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from ₹ 198cr in FY23 to ₹ 68cr in FY24 with ₹ 21cr cash generation in Q4.”

About Info Edge (India) Limited

Info Edge (India) Limited is a leading Indian technology holding company that specialises in internet-led businesses. Info Edge has a significant presence not only in India but also in international markets. Some of its popular brands are Naukri.com, Jeevansathi.com, 99acres.com, and Shiksha.com. It also has a stake in popular strat-ups including Zomato and Policybazaar.