Key Highlights of Info Edge's Q3FY22, 9MFY22

The Board of Directors of Info Edge (India) Ltd at its meeting held on January 28, 2022, has approved and taken on record the unaudited Standalone & Consolidated Financial Results for the Quarter & Nine months ended December 31, 2021.

Key Highlights

For the quarter ended December 31, 2021:

Billing

• Record Q3 Billing at ₹468.1 crore, up ~58% YoY
• Billing including acquired operating businesses (IIMjobs, Zwayam and DoSelect) at ₹486.4 crore, up ~60% YoY
• As compared to Q3 of FY'20 (pre-pandemic year), billing is up by ~60% YoPY (including acquired businesses)

Recruitment Solutions

• Billing at ₹375 crore (including operating acquired businesses), up ~80% YoY
• Included above, Naukri India (excluding acquired businesses) billing for Q3 at ₹309 crore, up ~85%
• As compared to Q3 of FY'20 (pre-pandemic year), billing is up by ~74% YoPY (including acquired businesses)

99acres.com

• Billing at ₹61.4 crore, up ~17% YoY

Shiksha.com

• Billing at ₹25.7 crore, up ~51% YoY

Revenue

• Record Q3 Revenue at ₹403.3 crore, up ~48% YoY

Operating Cash EBIDTA

• Cash EBIDTA including acquired operating businesses (IIMjobs, Zwayam and DoSelect) at ₹200.9 crore, up ~113% YoY
• Operating Cash EBIDTA of Recruitment Solutions at including (IIMjobs, Zwayam and DoSelect) ₹254.1 crore, up ~112%

For 9 months ended December 31, 2021:

Billing

• Record YTD Billing at ₹1184.7 crore, up ~61% YoY
• Billing including acquired operating businesses (IIMjobs, Zwayam and DoSelect) at ₹1226 crore, up ~63% YoY
• As compared to YTD of FY'20 (pre-pandemic year), billing is up by ~30% YoPY (including acquired businesses)

Recruitment Solutions

• Billing at ₹932 crore (including operating acquired businesses), up ~78% YoY
• Included above, Naukri India (excluding acquired businesses) billing for Q3 at ₹760 crore, up ~82% YoY
• As compared to Q3 of FY'20 (pre-pandemic year), billing is up by ~37% YoPY (including acquired businesses)

99acres.com

• Billing at ₹151.9 crore, up ~34% YoY

Shiksha.com

• Billing at ₹67.7 crore, up ~73% YoY

Revenue

• Record YTD Revenue at ₹1074.7 crore, up ~33% YoY

Operating Cash EBIDTA

• Cash EBIDTA including acquired operating businesses (IIMjobs, Zwayam and DoSelect) at ₹467.2 crore, up ~205% YoY
• Operating Cash EBIDTA of Recruitment Solutions at including (IIMjobs, Zwayam and DoSelect) ₹598.1 crore, up ~125%

"Since our IPO 15 years ago, IT Hiring has never been as bullish as it is now and it shows no signs of slowing down. Non IT Hiring is picking up as well and so far Omicron has not impacted business." - Mr. Hitesh Oberoi, Managing Director and Chief Executive Officer, Info Edge (India) Ltd.

"This is the third quarter in a row that has witnessed stellar billing growth and great momentum, particularly in the Recruitment business. The sustained focus on growing efficiently and investing for future is reflected in our swelling billings and cash profits." - Mr. Chintan Thakkar, Whole Time Director and Chief Financial Officer, Info Edge (India) Ltd.

Shares of Info Edge (India) Limited was last trading in BSE at Rs. 4413.25 as compared to the previous close of Rs. 4392.95. The total number of shares traded during the day was 24449 in over 5309 trades.

The stock hit an intraday high of Rs. 4579.60 and intraday low of 4380.05. The net turnover during the day was Rs. 109808842.00.

Source : Equity Bulls

Keywords

InfoEdgeIndia INE663F01024 NAUKRI KeyHighlights Business Financial