Info Edge, a leading name in India’s digital ecosystem, has reported robust growth for the quarter and nine months ended December 31, 2024. The company’s standalone billings reflect a strong performance across its business segments, with significant year-on-year growth. Here’s a detailed breakdown of the performance across key verticals.
Info Edge’s standalone billings have shown remarkable growth compared to the previous year:
- Q3 FY2024 (3 months ended): ₹668.3 crore, up from ₹576.9 crore in Q3 FY2023—a growth of 15.8%.
- 9M FY2024 (9 months ended): ₹1,897.9 crore, an increase from ₹1,669.0 crore in 9M FY2023—marking a growth of 13.7%.
Segment-Wise Performance
The company’s business segments have been instrumental in fueling its growth trajectory.
- Recruitment Solutions:
This segment continues to lead the pack, delivering robust growth:- Q3 FY2024: ₹494.0 crore, a 15.2% rise from ₹428.9 crore in Q3 FY2023.
- 9M FY2024: ₹1,417.4 crore, up by 12.7% from ₹1,257.8 crore in 9M FY2023.
- 99acres for Real Estate:
Info Edge’s real estate platform has been a strong contributor:- Q3 FY2024: ₹102.6 crore, growing 16.1% from ₹88.4 crore in Q3 FY2023.
- 9M FY2024: ₹290.9 crore, reflecting a 14.5% increase from ₹254.1 crore in 9M FY2023.
- Other Businesses:
Emerging ventures continue to gain traction:- Q3 FY2024: ₹71.7 crore, a significant 20.3% jump from ₹59.6 crore in Q3 FY2023.
- 9M FY2024: ₹189.6 crore, a 20.7% increase from ₹157.1 crore in 9M FY2023.
