Naukri parent Info Edge Q4 revenues up 9% to Rs 657.4 crore

Info Edge India on Thursday reported a Rs 60.4 crore profit attributable to equity holders on a consolidated basis for the fourth quarter, compared with a loss of Rs 272.8 crore a year earlier.

Consolidated revenue from operations rose 8.7% to Rs 657.4 crore for the quarter ended March 31 from Rs 604.8 crore in the year-earlier period.

“Our cash from operations grew by 13.2% year-over-year in Q4FY24, reaching a cash balance of Rs 4,191 crore as of March 31, 2024,” said Chintan Thakkar, chief financial officer of the parent company of job listing portal Naukri. “This consistent performance in cash-flow generation underscores our company's robust financial health and positions us well for future investments and shareholder returns,” he added.

The board of the company approved a dividend of Rs 12 per share for its shareholders.

The recruitment solutions business, which includes Naukri.com, grew 4.5% to Rs 480.5 crore. Revenue from real estate listing portal 99acres rose 22.6% to Rs 92.6 crore, while others, including Jeevansaathi.com and Shiksha.com, grew nearly 21.1% to 84.3 crore.

“I'm encouraged to see a slight rebound in our recruitment business after several weak quarters,” said Hitesh Oberoi, its managing director and chief executive.

“Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 crore in FY23 to Rs 68 crore in FY24 with Rs 21 crore cash generation in Q4,” he said.

Billing for the company on a standalone basis for the quarter grew 10.5% to Rs 826.9 crore, it said in a press release.