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Highlights for Info Edge (India) Limited's FY24 results and Q4 FY24 results from the consolidated business:
### FY24 Consolidated Results
#### Revenue and Profit Growth
- **Revenue from Operations**: ₹25,363.40 Mn, up from ₹23,456.91 Mn in FY23. This shows 8% average Growth.
- **Profit before Exceptional Items and Tax**: ₹9,886.11 Mn, up from ₹6,498.64 Mn in FY23.
- **Net Profit for the Year**: ₹5946.82 Mn, up from the losses of ₹705 Mn in FY23. This shows the great improvement during the later part of the year.
#### Margins
- **EBITDA Margin**: 36.50% (approximately), calculated from EBITDA/Revenue.Improved negative to positive.
#### Segmental Revenue
- **Recruitment Solutions**: ₹18,799.50 Mn, up from ₹17,491.13 Mn in FY23. This is the average growth of 7% majorly affected due low IT hiring.
- **99acres for Real Estate**: ₹3,512.80 Mn, up from ₹2,845.06 Mn in FY23. This is the strong growth of 24% due to the comeback of realty sector after the long time.
- **Others**: ₹3,051.10 Mn, compared to ₹3,120.72 Mn in FY23. This is the growth of negative 2%.
Recruitment Solutions known by Naurki.com is their largest revenue maker and even profit maker.
### Q4 FY24 Consolidated Results
#### Revenue and Profit Growth
- **Revenue from Operations**: ₹6,574.22 Mn, up from ₹6,047.84 Mn in Q4 FY23. This improved Q4 growth by 9%.
- **Profit before Exceptional Items and Tax**: ₹3,244.18 Mn, up from a loss of ₹3,494.90 Mn in Q4 FY23.
- **Net Profit for the Quarter**: ₹880 Mn, up from the huge losses of ₹5032 Mn in Q4 FY23. Strong improvement was seen in Q4_ft24.
#### Margins
- **EBITDA Margin**: 37.20% (approximately), calculated from EBITDA/Revenue. Improved negative to positive.
### Balance Sheet Highlights (As of March 31, 2024)
- **Total Assets**: ₹360,908.16 Mn, up from ₹166,602.99 Mn as of March 31, 2023. This is 117% growth.
- **Total Liabilities**: ₹44,623.23 Mn, up from ₹22,344.24 Mn as of March 31, 2023. This is also 100% growth.
- **Equity Share Capital**: ₹1,293.84 Mn.
- **Other Equity**: ₹301,331.64 Mn, up from ₹132,690.12 Mn as of March 31, 2023. This is 127% growth.
### Cash Flow Highlights
- **Net Cash Flow from Operating Activities**: ₹10,740.37 Mn (balance unutilized funds from QIP proceeds).
- **Net Cash Flow from Investing Activities**: Net cash flow negative due to Significant investments in mutual funds and term deposits as well as stake increased in associate companies.
### Subsidiaries and Joint Ventures
- **Listed Companies**: Zomato (13.6% stake) & Policy Bazar (12.74% stake). Cost of total investment is 724 Cr while valuations is 25209 Cr Zomato + 8627 Cr in PB = 33836 Cr.
- **List of Subsidiaries**: Includes Allcheckdeals India Private Limited, Interactive Visual Solutions Private Limited, Jeevansathi Internet Services Private Limited, among others.
- **Joint Ventures**: Includes Makesense Technologies Limited, Nopaperforms Solutions Private Limited, Agstack Technologies Private Limited, and others.
Total 1058 Cr invested in Subsidiaries and JV’s where majority are making losses but could be fruitful in coming years.
### Financial Ratios
- **Basic Earnings per Share (EPS)**: ₹64.57 for FY24, up from ₹31.91 in FY23.
Previous fy_23 was not so good in the terms of Profits as the Company made the losses but this year during the second half we saw strong profits come back.
These highlights should help investors make informed decisions based on the company's performance over the past year.
For more details we will soon provide the fairvaluations
Note: This document was prepared for educational purposes and could not be treated as a recommendation.
