Info Edge billings climb 7.2% in Q4
Info Edge (NAUKRI:NSI), the Indian job board, reported standalone billings increased by 10.4% during the fourth quarter ended 31 March 2024.
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Info Edge (NAUKRI:NSI), the Indian job board, reported standalone billings increased by 10.4% during the fourth quarter ended 31 March 2024.
The Nifty 50 ended flat at 22,513 points, and the pattern on the daily chart suggests that the index is consolidating after a sharp run-up, which is a healthy sign.
The company reported 5.48 per cent year-on-year (YoY) growth in its standalone billings for Q4 FY24 at ₹2495.9 crore as compared to ₹2366.3 crore in the corresponding period last year.
Recruitment Solutions billing grew by 7.18 per cent during the quarter to Rs 625.4 crore from Rs 583.5 crore in March 2023 quarter.
Although the third quarter of financial year (2023-2024) FY24 (Q3FY24) was marginally below expectations, Info Edge (India) is witnessing strong investment trends and hitting new highs. The big driver is optimism about a pickup in the jobs market, which benefits Naukri.com and could mean upgrades in Q4FY24 expectations. The JobSpeak Index, which Naukri.com releases on a monthly basis, is showing a 'transformative shift'.