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India – Info Edge Q1 revenue up 20.5%, profits see uptick

14 August 2019

Info Edge India Ltd (NAUKRI:NSI), the Indian job board, reported revenue yesterday from operations for the first-quarter ended 30 June 2019 of INR 3.12 billion (USD 43.8 million), up 20.5% compared to the same period last year.

 

(INR millions) Q1 2020 Q1 2019 Change Q1 2020 (USD millions)
Revenue from Operations 3,127.7 2,595.3 20.5% 43.8
Total Income 3,373.0 2,831.6 19.1% 47.3
Profit for the Period 667.4 629.9 5.9% 9.3

 

On 28 May Info Edge agreed to acquire Highorbit Careers Pvt. Ltd for INR 808.2 million (USD 11.5 million). The company owns job portals iimjobs.com which specialises in Banking & Finance, Consulting, Research & Analytics, Sales & Marketing, HR, IT and Operations roles, and hirist.com which specialises in IT roles.

Info Edge runs job site Naukri.com as well as 99acres.com. The company also runs Jeevansathi.com, a matrimonial portal, Shiksha.com an education portal as well as Quadrangle, an offline executive search business, and Naukri Gulf.

Segment by Revenue

 

(INR millions) Q1 2020 Q1 2019 Change Q1 2020 (USD millions)
Recruitment Solutions 2,195.0 1,840.9 19.2% 30.7
99 acres for real estate 564.2 419.2 34.5% 7.9
Others 368.4 335.0 9.9% 5.1
Total Revenue 3,127.7 2,595.3 20.5% 43.8

 

In trading yesterday Info Edge shares closed at INR 2,162.50 (USD 30.33), down 0.69% on the day. Based on its current share price the company has a market value of INR 260.70 billion (USD 3.65 billion).

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