The shares of Info Edge (India), which owns Naukri.com, are attracting attention after the company announced its financial results for the last quarter. For the period that ended on December 31, 2024, their standalone billings reached ₹668.3 crore, which is a 15.8% increase compared to the same time last year, when they reported ₹576.9 crore.
In the nine months leading up to December 31, 2024, total billings rose to ₹1,897.9 crore, up from ₹1,669 crore last year. Their Recruitment Solutions, which is the main part of the business, was the top performer, bringing in ₹494 crore in Q3 FY24—a 15.2% growth from ₹428.9 crore in Q3 FY23.
The Real Estate segment, 99acres, also did well, with billings reaching ₹102.6 crore in Q3 FY24, a rise of 15.7% from last year’s ₹88.4 crore. For the nine-month period, 99acres billings stood at ₹290.9 crore, which is up 14.5% from ₹254.1 crore last year.
Other business segments contributed ₹71.7 crore in Q3 FY24, an increase of 20.2% from ₹59.6 crore in the same quarter last year. Over nine months, these segments reported total billings of ₹189.6 crore, showing a 20.5% increase from ₹157.1 crore last year.
Info Edge’s Stock Performance
The stock price of Info Edge has risen by 67.8% over the last year and by 29.4% in the last six months. In the last three months and one month, the shares went up by 7.5% and 3.85%, respectively. However, on Monday, Naukri’s shares fell by 2.7% to close at ₹8,809.40 on the BSE.
(Disclaimer: The opinions and views expressed by experts are their own and do not reflect those of Thellv.news)
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