Info Edge Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 16, 2024 at 05:17 am
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Info Edge (India) Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,574.22 million compared to INR 6,047.84 million a year ago. Revenue was INR 8,087.15 million compared to INR 1,696.87 million a year ago. Net income was INR 603.89 million compared to net loss of INR 2,728.26 million a year ago. Basic earnings per share from continuing operations was INR 4.68 compared to basic loss per share from continuing operations of INR 21.15 a year ago. Diluted earnings per share from continuing operations was INR 4.66 compared to diluted loss per share from continuing operations of INR 21.15 a year ago.
For the full year, sales was INR 25,363.4 million compared to INR 23,456.91 million a year ago. Revenue was INR 29,500.75 million compared to INR 27,385.44 million a year ago. Net income was INR 5,752.08 million compared to net loss of INR 1,074.1 million a year ago. Basic earnings per share from continuing operations was INR 44.58 compared to basic loss per share from continuing operations of INR 8.34 a year ago. Diluted earnings per share from continuing operations was INR 44.42 compared to diluted loss per share from continuing operations of INR 8.34 a year ago.
Info Edge (India) Limited is an India-based company that is engaged in operating multiple Internet-based services through its various Web portals and mobile applications. The Companyâs segments include Recruitment Solutions and Real State- 99acres. The Recruitment Solutions segment consists of Naukri and all other allied businesses, which provides hiring solutions for both business-to-business (B2B), as well as business-to-customers (B2C). Real State- 99acres segment is focused on property listings, builders and brokers branding and visibility through micro-sites, home page links, and banners servicing real estate developers, builders and brokers. It operates in service verticals, which includes recruitment solutions through its brands naukri.com, iimjobs.com, hirist.com, ambitionbox.com, bigshyft.com, jobhai.com; in real estate services through its brand 99acres.com; in matrimonial services through its brand jeevansaathi.com, and in education services through its brand shiksha.com.