wordpress blog stats
Connect with us

Hi, what are you looking for?

99Acres reduces loss by 73.4% to ₹3.4 cr in Q1FY20

Bottom line: Naukri.com is a profitable business, while 99Acres is operating in losses, though it reduced losses by 73.4% compared to last year. Losses in the Others' segment, which includes JeevanSaathi and Shiksha, increased over last year. Main numbers: Consolidated total revenue: ₹349.2 crore, up 15% YoY from ₹302.9 crore Standalone revenue: ₹337.3 crore, up by 19.1% YoY Billings: ₹336.3 crore, up by 18.7% YoY Net sales: ₹312.8 crore, up by 20.5% YoY, from ₹259.5 crore in Q1FY2019 Losses increased substantially: Consolidated net loss increased 8.5 times from ₹22.3 crore in Q1FY2019 to ₹190.9 crore in this quarter However, profit had amounted to ₹325.2 crore last quarter (Q4FY2019), which means it fell by 158% this quarter Operating EBITDA at ₹101 crore, up by 19.8% YoY Profit before tax: ₹113.9 crore, up by 11% YoY Naukri.com Revenue for recruitment segment, Naukri.com, was ₹219.5 crore, up by 19.2% YoY Profits: ₹109.3 crore, up by 7.1% YoY 99acres 99Acres revenue: ₹56.4 crore, up by 34% YoY Losses reduced by 73.4% YoY from ₹12.8 crore in Q1FY2019 to ₹3.4 crore Other businesses Revenue from others' segment was ₹43.8 crore, a drop of 14.1% YoY Losses increased by 24.8% YoY to ₹19.1 crore Acquired Highorbit: Info Edge acquired Highorbit Careers for ₹80.8 crore, with ₹65 crore in equity and ₹15.1 crore in compulsorily convertible preference shares. Download: Press Release | Financials

Please subscribe/login to read the full story.
Written By

I cover health, policy issues such as intermediary liability, data governance, internet shutdowns, and more. Hit me up for tips.

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Is it safe to consider all "publicly available data" as public?

News

PhonePe launched an e-commerce buyer app for ONDC called Pincode. We, however, believe that it should also launch a seller app.

News

Amazon announced that it will integrate its logistics network and SmartCommerce services with the Open Network for Digital Commerce (ONDC).

News

India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?

News

After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ