Info Edge Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 13, 2024 at 04:00 am EST
Share
Info Edge (India) Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 6,271.23 million compared to INR 5,895.17 million a year ago. Revenue was INR 5,598.09 million compared to INR 9,674.51 million a year ago. Net income was INR 1,510.91 million compared to net loss of INR 1,165.28 million a year ago. Basic earnings per share from continuing operations was INR 11.71 compared to basic loss per share from continuing operations of INR 9.05 a year ago. Diluted earnings per share from continuing operations was INR 11.67 compared to diluted loss per share from continuing operations of INR 9.05 a year ago.
For the nine months, sales was INR 18,789.18 million compared to INR 17,409.07 million a year ago. Revenue was INR 21,413.6 million compared to INR 25,688.57 million a year ago. Net income was INR 5,148.19 million compared to INR 1,654.16 million a year ago. Basic earnings per share from continuing operations was INR 39.92 compared to INR 12.85 a year ago. Diluted earnings per share from continuing operations was INR 39.78 compared to INR 12.79 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.