wordpress blog stats
Connect with us

Hi, what are you looking for?

Info Edge: Billings increase 19% over previous quarter, revenue by 17% YoY

Info Edge (India) Limited clocked consolidated revenues of Rs. 277.6 crore, down 17% YoY and up 6% QoQ for the quarter ended December 31, 2020. Consolidated total income amounted to Rs 311.4 crore, which was down 13% YoY and up 8% QoQ. InfoEdge is an investor in food delivery company Zomato as well as in insurance platform PolicyBazaar.

Billings for the quarter stood at Rs 297 crore, recovering 19% over the previous quarter and remaining flat over the previous year. Recruitment and 99acres are nearing pre-pandemic levels on a YoY basis. Chintan Thakkar, CFO, Info Edge said. Consolidated Net Profit stood at Rs 679 crore, a drastic improvement from losses of Rs 62.1 crore in the same quarter the previous year. Net Profit also doubled from Rs 328 crore in the previous quarter.

Recruitment

  • Revenue: Rs 194.9 crore, down 17% YoY and up 4% QoQ
  • Profit: Rs 100.9 crore, down 21% YoY and up 7% QoQ

99Acres

  • Revenue: Rs 44.8 crore, down 23% YoY and up 23% QoQ
  • Loss of Rs 6.8 crore, up 325% YoY and down 36% QoQ

‘Others’, consisting of Jeevansathi and Shiksha 

  • Others: Rs 37.8 crore, flat YoY and 1.9% QoQ
  • Others: Loss of Rs 32 crore, flat YoY and down 15% QoQ

The company said that the impact of the Code on Social Security, 2020, which subsumes nine laws relating to social security, retirement, and employee benefits, including laws around provident fund and gratuity payments, will be assessed and recorded when it comes into effect.

  • Net Sales (Standalone Revenue): Rs 272.3 crore, down by 15%
  • Standalone Total Income: Rs 303.9 crore, down by 10.9% YoY
  • Operating EBITDA: Rs 68.2 crore, down by 35.6% YoY

Financials and Press Release

Also read

Advertisement. Scroll to continue reading.
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

Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.

News

Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

News

This article addresses the legal and practical ambiguities in understanding the complex crypto ecosystem in India.

News

It is widely argued that the PDP Bill report seeks to discard the intermediary status of social media platforms but that may not be...

News

Looking at the definition of health data, it is difficult to verify whether health IDs are covered by the Bill.

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

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...

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...

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