loader2
NRI

Open DEMAT AND TRADING ACCOUNT WITH ICICIDIRECT

  • 30 May 2022
  • ICICIdirect Research

BILLING FOR NAUKRI.COM UP 73% IN FY22

NAUKRI - 7748 Change: 119.60 (1.57 %)

News: Revenue increased 9.5% QoQ to Rs 455.5 crore. The revenue growth was led by recruitment solutions, which was up 10.6% QoQ, 64.7% YoY to Rs 344.4 crore while revenue for 99 acres was up 4.5% QoQ, 22.3% YoY to Rs 61.3 crore. Revenues for Jeevansathi, Shiksha were up 5%, 11% QoQ, respectively. Billing for recruitment business was up 39% QoQ, 66.6% YoY to Rs513 crores while that of 99 acres was up 29% QoQ, 10.6% YoY to Rs 79.3 crore. For FY22, the company reported 38.5% growth in revenues to Rs1562 crore, led by 44.2% growth in recruitment business ( 74% of revenue mix), while 99 acres, other verticals reported 25.1%, 24.1% growth, respectively. Billings in recruitment business was up by 72.7% while that of 99 acres was up 25.1%. EBITDA margins for recruitment business was up 540 bps in FY22 to 56.9% while EBITDA losses for other business widened.

Views: Revenue increased 9.5% QoQ to Rs 455.5 crore. The revenue growth was led by recruitment solutions, which was up 10.6% QoQ, 64.7% YoY to Rs 344.4 crore while revenue for 99 acres was up 4.5% QoQ, 22.3% YoY to Rs 61.3 crore. Revenues for Jeevansathi, Shiksha were up 5%, 11% QoQ, respectively. Billing for recruitment business was up 39% QoQ, 66.6% YoY to Rs513 crores while that of 99 acres was up 29% QoQ, 10.6% YoY to Rs 79.3 crore. For FY22, the company reported 38.5% growth in revenues to Rs1562 crore, led by 44.2% growth in recruitment business ( 74% of revenue mix), while 99 acres, other verticals reported 25.1%, 24.1% growth, respectively. Billings in recruitment business was up by 72.7% while that of 99 acres was up 25.1%. EBITDA margins for recruitment business was up 540 bps in FY22 to 56.9% while EBITDA losses for other business widened.

Impact: Positive