February 2023: Info Edge India Limited (NSE:Naukri BSE:Naukri, 532777) reported its consolidated financial results according to Ind AS, for the Qtr ending 31st Dec’22.
While announcing the results, Mr. Hitesh Oberoi, Managing Director and Chief Executive Officer said –
“While we are seeing a slowdown in the IT hiring, the Non IT hiring market continues to be strong.”
Ø Info Edge Standalone Financials
Billing
• Billing for the quarter stood at Rs 550.7 Cr, up 14.5% YoY. YTD Billing stood at Rs 1617.7 cr, YOY growth of 33%
• Billing including acquired operating businesses (Zwayam and DoSelect) for the Qtr stood at Rs 566.4 Cr, a growth of 16.5%.
Revenue
• Revenue for the Qtr stood at Rs 555.2 Cr, up 33.4% YoY. YTD Revenues stood at Rs 1594.7 Cr, YOY growth of 44.1%.
• Revenue including acquired operating businesses (Zwayam and DoSelect) for the Qtr was Rs 571.6 Cr, a growth of 35.6%.
EBITDA
• EBITDA for the Qtr stood at Rs 216.8 Cr , a growth of 79.3% YOY. YTD EBITDA stood at Rs 564 Cr, YOY growth of 68%.
Cash from Operations
• Cash from Operations for the qtr stood at Rs 241.8 Cr. YTD Cash generation stood at Rs 625.7 Cr, a YOY growth of 17.4%.
• Owing to concerns around uncertainty of funding environment for 4B Network, an impairment of Rs 276 Cr has been charged as an exceptional item.
Ø Recruitment Solution
Billing
• Billing stood at Rs 434.6 Cr, a YOY growth of 17.7%. YTD Billing stood at Rs 1275.2 Cr, a YOY growth of 38.1%.
• Billing including acquired businesses ( Zwayam and Do Select) for the qtr stood at Rs 450.4 Cr, a growth of 20.2% YOY.
• Naukri India billing (included in above numbers) stood at Rs 362.7 Cr, a YOY growth of 17.8%.
Revenue
• Revenue stood at Rs 436.8 Cr, a growth of 40.3% YoY. YTD Revenues stood at Rs 1242 Cr, a growth of 53.4%
• Revenues including acquired businesses (Zwayam and DoSelect) stood at Rs 453.2 Cr, a YOY growth of 43.1%.
EBITDA
• EBITDA for the quarter stood at Rs 274.7 Cr, a growth of 46.5% YOY. YTD EBITDA stood at Rs 759.3 Cr, a YOY growth of 60.5%.
Cash from Operations
• Cash from operations for the period was Rs 281.8 Cr , YOY growth of 8.1%. YTD Cash generation stood at Rs 797.7 Cr, a YOY growth of 30.7%.
Ø Other Verticals- Shiksha, 99acres & Jeevansathi.
Billing
• Billing for Shiksha for the Qtr stood at Rs 27.8 Cr, a YOY growth of 8.5%. YTD Billing stood at 82.9 cr, a YOY growth of 22.4%
• 99acres reported a billing of Rs 71.1 Cr for the Qtr, a growth of 15.7%. YTD Billing stood at 207.9Cr, a YOY growth of 36.8%.
• Jeevansathi reported billing of Rs 17.1 Cr for the qtr, a YOY decline of 30.1% in YTD .YTD Billing stood at Rs 51.7 Cr a YOY decline of 30.1%.
Revenue
• Shiksha reported revenues of Rs 27.7 Cr, a YOY growth of 26.2%. YTD revenues stood at Rs 84.8 Cr, a YOY growth of 28.1%.
• 99acres reported revenues of Rs 72.9 Cr for the qtr, a growth of 24.4% YOY. YTD revenues stood at 209.0 Cr a YOY growth of 33.9%
• Jeevansathi revenues for the quarter was down 26.3% and closed at Rs 17.9 Cr. YTD revenues stood at Rs 58.9 Cr, a YOY decline of 21.3%.
EBITDA
• Shiksha EBITDA for the qtr stood at Rs 1.07 Cr.
• 99acres reported a EBITDA loss of Rs 23.2 Cr.
• Jeevansathi , with revenues impacted by new strategy to drive traffic, reported a loss of Rs 25.3Cr for the qtr.