Internet Software & Services company Info Edge (India) announced Q4FY24 results: Info Edge (India) recorded 7.9% growth in its Revenue from Operations at Rs 608.3 crore on a standalone basis for the quarter ended March 31st, 2024, compared to Rs 564.0 crore in the corresponding quarter of the previous fiscal. Revenues growth in the recruitment business was 3.4% YoY and for non-recruitment business verticals namely 99acres.com (the real estate vertical), Jeevansathi.com (the matrimony business), and Shiksha.com (the education business) was 22.5%, 29.2%, and 22.2% respectively. Billing for the company on a standalone basis for the quarter grew by 10.5% YoY and stood at Rs 826.9 crore. The company grew its operating profit margins to 37.0% of revenue and registered a growth of 8.9% in its operating profit which stood at Rs 224.8 crore on a standalone basis in Q4FY24 as compared to Rs 206.3 crore in Q4FY23. The standalone business generated cash from operation (before tax) of Rs 467.6 crore for the quarter, a growth of 13.2% YoY. While announcing the results, Hitesh Oberoi, Managing Director and Chief Executive Officer said “I'm encouraged to see a slight rebound in our recruitment business after several weak quarters. Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 crore in FY23 to Rs 68 crore in FY24 with Rs 21 crore cash generation in Q4” Chintan Thakkar, Director and Chief Financial Officer said “Our cash from operations grew by 13.2% YoY in Q4FY24, reaching a cash balance of Rs 4,191 crore as of March 31st, 2024. This consistent performance in cash flow generation underscores our company's robust financial health and positions us well for future investments and shareholder returns.” Result PDF