Info Edge posts 19% rise in January-March billings

Info Edge (India) Ltd. reported a 19% on year rise in standalone billings to ₹9.83 billion for the January–March quarter, according to unaudited numbers disclosed by the company. Billings for the year to March rose 15% on year to ₹28.81 billion. The company’s subsidiaries include platforms that offer hiring solutions, real estate services and a leading matrimonial website.

Recruitment solutions contributed ₹7.40 billion in January-March billings, up from ₹6.25 billion a year ago. Real estate platform 99acres posted ₹1.60 billion, compared to ₹1.31 billion. Other segments brought in ₹837 million, versus ₹705 million in the same period last year.

For the full financial year, Recruitment Solutions billings rose to ₹21.58 billion from ₹18.83 billion, while 99acres saw a rise to ₹4.51 billion from ₹3.85 billion Other segments clocked ₹2.73 billion, compared to ₹2.27 billion last year.