Info Edge (India) Ltd, the parent company of Naukri.com, 99acres, and several other businesses, has released a company update ahead of its official financial results for the quarter and half-year ended September 30, 2024. The update reflects significant growth in standalone billings across its business segments.
For the quarter ended September 30, 2024, the company reported standalone billings of ₹650.3 crore, up from ₹569.0 crore in the same period last year, reflecting a 14.3% year-on-year (YoY) increase. For the half-year ended September 30, 2024, billings stood at ₹1229.6 crore, a 12.6% increase from ₹1092.1 crore during the same period last year.
Segment-wise performance:
- Recruitment Solutions: The recruitment segment, including Naukri.com, saw billings of ₹492.0 crore for Q2 FY25, compared to ₹431.4 crore in Q2 FY24, reflecting a 14% YoY growth. For the half-year, the segment reported billings of ₹923.4 crore, up from ₹829.0 crore last year.
- 99acres (Real Estate): The real estate platform reported billings of ₹107.4 crore for the quarter, up from ₹92.2 crore last year, marking a 16.5% YoY growth. For H1 FY25, billings stood at ₹188.4 crore, a 13.8% increase from ₹165.6 crore in H1 FY24.
- Other Businesses: The company’s other segments contributed ₹50.9 crore to billings in Q2 FY25, compared to ₹45.4 crore in the same quarter last year, a 12.1% YoY growth. For the half-year, these businesses reported billings of ₹117.8 crore, up from ₹97.5 crore, a 20.8% increase YoY.
These unaudited results are subject to review and approval by the Audit Committee, Board of Directors, and Statutory Auditors of the company.
