Info Edge India Ltd. · NSE:NAUKRI
Info Edge India — Q4 FY2024 Earnings Presentation
37 slides from Info Edge India's earnings presentation, May 2024
Slide 1: Earnings Presentation, Quarter ended March 31, 2024
Earnings Presentation Quarter ended March 31, 2024
Slide 2: Disclaimer
Disclaimer By attending the meeting/telephonic call where this presentation is made, you agree to be bound by the trailing restrictions regarding the information disclosed in this presentation. This presentation has been prepared by Info Edge (India) Limited (the “Company”) solely for information pu
Slide 3: Standalone Financial Performance
Standalone Financial Performance 3
Slide 4: IEIL Standalone performance (Q4FY24) – at a glance
IEIL Standalone performance (Q4FY24) – at a glance Rs. 827cr Rs. 225cr Rs. 468cr Rs. 4,191cr Billings Operating Profit Cash from operations Cash Balance (YoY +10.5%) (YoY +8.9%) (YoY +13.2%) as of Mar 31, 2024 Rs. 608cr 37.0% Rs. 65.90 5,750 Revenue from Operations Operating Profit margin Earning pe
Slide 5: Key highlights regarding standalone financial performance for Q4FY24
Key highlights regarding standalone financial performance for Q4FY24 Billing growth in Q4 was fueled by increased activity in the recruitment business and the sustained 1. strong performance of our non-recruitment verticals; Deferred sales revenue in Q4FY24 was Rs. 1,136cr Operating profit margins i
Slide 6: Info Edge Q4FY24 highlights: improved YoY growth in revenue and billings
Info Edge Q4FY24 highlights: Improved YoY growth in revenue and billings, along with expanded operating margins and increased cash generation Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) and margins (%) Incl. acquired 586 637 2,228 2,457 Op. Profit margin % 36.6% 37.0% 34.1% 36.6% busi
Slide 7: Business Segments Financial Performance
Business Segments Financial Performance 7
Slide 8: Recruitment business: uptick in billings growth in Q4
Recruitment business: witnessed some uptick in billings growth in Q4 led by broad-based improvement across IT and non-IT sectors Revenue from operations (Rs. Cr) Op. profit (Rs. Cr) & margin (%) Q4FY24 highlights Op. Profit 60.3% 57.0% 59.9% 58.2% +7.5% % Sustained growth in the non-IT segment, part
Slide 9: 99Acres: Growth momentum continued in Q4
99Acres: Growth momentum continued in Q4 driven by effective business operations and favourable macro environment Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q4FY24 highlights +23.5% Driven by strong demand and premiumization of 351 Q4FY23 Q4FY24 FY23 FY24 supply, prices continued to
Slide 10: Jeevansathi: Robust top-line growth and sustained cost control
Jeevansathi: Robust top-line growth and sustained cost control leading to reduced operating losses Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q4FY24 highlights +9.8% Q4FY23 Q4FY24 FY23 FY24 The matchmaking industry remains competitive, with the top 3 players seeking to expand their m
Slide 11: Shiksha: Revenue and billings continued to grow in Q4
Shiksha: Revenue and billings continued to grow in Q4 along with improving operating profits Revenue from operations (Rs. Cr) Operating profit (Rs. Cr) Q4FY24 highlights +19.0% 139 6.3 In Q4FY24, billings grew by 9.3% and revenue grew 117 by 22.3% and the business generated cash from +22.2% 3.5 oper
Slide 12: Consolidated Financial Performance
Consolidated Financial Performance 12
Slide 13: Summary of consolidated financial performance for Q4FY24
Summary of consolidated financial performance for Q4FY24 At the consolidated level, the net sales for the Company stood at Rs. 657.4cr in Q4FY24 versus Rs. 604.8cr for Q4FY23 At the consolidated entity level, the total comprehensive income stands at Rs. 7,959.3cr compared to a loss of Rs. 414.8cr in
Slide 14: Operational Highlights
Operational Highlights infoedge
Slide 15: InfoEdge businesses
InfoEdge businesses Core Operating Businesses Strategic Investments Financial Investments Recruitment Real Estate Education Matrimony 15
Slide 16: Recruitment business – Key operating highlights
Recruitment business – Key operating highlights 16
Slide 17: Recruitment business – key highlights
Recruitment business – key highlights Dominant Traffic Share among peers Rs. 1,883 Rs. 1,051cr FY24 Billings FY24 Operating Profit 58.2% Rs. 1,208cr FY24 Operating PBT margin FY24 Cash from operations 75%+ 98 million+ Traffic Share1 Resume database2 ~132k 441k Unique revenue Job listings3 generating
Slide 18: Breakdown of revenue by Product and Industry
Breakdown of revenue by Product and Industry Revenue split by products1 Revenue split by industry1 Others, 6.7% RMS / CSM / Referral, 0.2% Services/Others Assisted search, 4.4% , 17.8% Branding, 4.5% IT & ITES, Job seeker Manufacturing, 31.0% services, 6.7% 4.3% Resume BFSI, 9.2% database access, 68
Slide 19: Growing customer base along with enhancing Avg. Realization Per User driving billings growth
Growing customer base along with enhancing Avg. Realization Per User driving billings growth No. of clients (‘000) Billings (Rs. Cr) 1,859 1,883 132 127 1,436 110 FY22 FY23 FY24 FY22 FY23 FY24 Avg. realization per client (Rs. ‘000) Operating profit margin (%) 111 113 59.9% 56.9% 58.2% 86 FY22 FY23
Slide 20: Real Estate business – Key operating highlights
Real Estate business – Key operating highlights 20
Slide 21: 99Acres – key highlights
99Acres – key highlights Rs. 385cr ~26% FY24 Billings YoY Billings growth (FY24) ~42% ~82% YoY improvement in YoY reduction in FY24 operating profit cash losses in FY24 173k+1 740k+2 Total projects Total listings Notes:1 As of Mar’24; 2 As of Mar’24 and includes 304k+ owner listings 21
Slide 22: 99Acres traffic time share
99Acres traffic time share Overall traffic (from desktops & laptops, web mobile) 45% 40% 35% 30% 25% 20% 15% 10% 5% 0% 99acres MB CF Housing Source: SimilarWeb 22
Slide 23: Buyers & Tenants spend more time on 99acres with lower bounce rate
Buyers & Tenants spend more time on 99acres with lower/similar bounce rate vs most competitors Lower bounce rate on 99Acres platform demonstrating the high quality of traffic Higher time spent by buyers and tenants on 99Acres platform demonstrating high engagement Source: SimilarWeb; Desktop + Mobil
Slide 24: Key business metrics for 99Acres
Key business metrics for 99Acres Distribution of total 740k+ listings Distribution of 80k+ total customer base Billing breakdown by customer type Owner, 9% Commerical, 20% Broker, 51% Owner, 42% Broker, Builder, 60% 31% Residential, 80% Builder, 8% As of Mar 31, 2024 Data for trailing 12 months to M
Slide 25: Matrimony business – Key operating highlights
Matrimony business – Key operating highlights 25
Slide 26: Jeevansathi – key highlights
Jeevansathi – key highlights Rs. 85cr ~17% FY24 Billings YoY Billings growth (FY24) 44% ~56% YoY improvement in YoY reduction in FY24 operating profit cash losses in FY24 90%+ ~50% User traffic & time spent Reduction in marketing on Android and iOS apps spends in Q4FY24 26
Slide 27: Education business – Key operating highlights
Education business – Key operating highlights 27
Slide 28: Shiksha – key highlights
Shiksha – key highlights 1335 1.8 million+ Unique Clients Questions Asked 637 million Page views Annually 64,100+ Colleges Colleges Higher 292 million Visits Annually Students Education 4,84,000+ Course Listings Classified 6.3 million Registrations Annually 950+ 4,95,000+ Entrance Exams JOB Student
Slide 29: Investments
Investments infoedge 29
Slide 30: Financial Investments in Technology-based Startups
Financial Investments in Technology-based Startups Investments in Listed Entities Shareholding: 13.60% Shareholding: 12.74% Balance sheet investments in 20 active investments in the portfolio. Unlisted Entities Total books value of Rs. 554.7 Cr Info Edge Venture fund*.- First Scheme – USD100 Mn Info
Slide 31: Financial Investment Portfolio
Financial Investment Portfolio Financial Investment - Listed companies Cost of investment as Approx. diluted and Investee Company of March 31, 2024 (Rs converted shareholding % Million) (Actual) Zomato 1,465.0 13.60% PB Fintech 5,758.0 12.74% Total 7,223.0 Strategic Investments Cost of investment Ap
Slide 32: Financial Investment Portfolio
Financial Investment Portfolio 32
Slide 33: Balance Sheet Summary & Data Sheet
Balance Sheet Summary & Data Sheet 33
Slide 34: Assets and funds allocation summary as of March 31, 2024
Assets and funds allocation summary as of March 31, 2024 Assets (Total: Rs. 293,038mn) Liabilities (Total: Rs. 293,038mn) 3% 1% 4% 9% 11% 87% 85% Shareholders Equity Investment in Startups Cash & Liquid Investments^ Current Liabilities & Provisions Other Assets Operating Assets Deferred Sales Revenu
Slide 35: Data sheet – Q4FY24 (1/2)
Data sheet – Q4FY24 (1/2) As at end of/ during Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key business metrics Naukri.com Number of resumes on Naukri.com 98 96 94 91 89 88 86 84 82^ 80 78 76 98 89 82^ (in millions) Average number of resumes add
Slide 36: Data sheet – Q4FY24 (2/2)
Data sheet – Q4FY24 (2/2) As at end of/ during Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22 Key financial metrics Segment Billing (in Rs million) Recruitment solutions 6,254 4,289 4,314 3,975 5,835 4,346 4,256 4,150 5,133 3,692 3,019 2,521 18,832
Slide 37: Investor relations contact
Investor relations contact Name Chintan Thakkar Vineet Ranjan Designation Director and CFO SVP – Investor Relations E-mail chintan@infoedge.in vineet.ranjan@infoedge.com Telephone +91 120 3082137 +91 120 3082089 +91 120 3082095 Fax Address Info Edge (India) Limited, B 8, Sector 132, Noida – 201 301,