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
