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Info Edge (India) Earnings Call Highlights Q4 FY21

Published on 06 July 2021 Views 16 Comments 0

Q4 Financials: Info Edge Share Quarterly Results

  • Billings in Q4 were Rs. 415.7 crores up 25.2% year-on-year.

  • Revenue in Q4 was Rs. 290 crores down 10.2% year-on-year.

  • Operating expenses excluding depreciation, amortisation for the quarter were Rs. 236.8 crores up by 4.7%

  • Operating EBITDA for the quarter stood at 53.2 crores versus 96.5 crores last year, a decline of 44.9% year-on-year and

  • Operating EBITDA margins for the quarter stood at 18.3% compared to 29.9% in Q4 of FY 20.

  • Cash EBITDA for the quarter rose sharply by 68.3% year-on-year to 179.5 cores.

  • For the consolidated entity at the total comprehensive income level, there is a gain of Rs. 309.4 crores versus Rs. 115.2 crores from the corresponding quarter of March 2020.

FY-21 Financials: Info Edge Share Price Value Research

  • FY 21 billings stood at INR 1150.7 crores, down 9.3% year-on-year.

  • FY 21 revenues stood at 1098.6 crores, down 13.7% year-on-year

  • FY 21 expenses stood at Rs. 821.1 crores down 5.6% year-on-year.

  • FY 21 operating EBITDA stood at Rs. 277.5 crores down from Rs. 402.7 crores last year, a decline of 31.1%.

  • For FY 21 EBITDA margins stood at 25.3% versus 31.6% last year.

  • Cash EBITDA for the whole year stood at 331.6 crores, down 16.6% year-on-year.

  • Deferred sales revenues stood at Rs. 520.8 crores as of 31st March 2021 versus Rs. 465.6 crores as of 31 March 2020, an increase of 11.9% year-on-year and the

  • The cash balance in the IEIL group as a whole stands at Rs. 3592 crores as of 31 March 2021 as against Rs. 1551 crores as of 31 March 2020.

  • PAT for FY 21 at a consolidated level stood at Rs. 1408.8 crores versus a loss of Rs. 245.7 crores for FY 20. This includes an exceptional gain of Rs. 1434.2 crores as opposed to 182 crores last year on account of notional gain arising from fresh infusion by other investors in the JV associated companies such as Zomato and Policybazaar.

99acres

  1. Traffic grew handsomely in Q4 across all the categories residential, commercial and new launches. However, with the onset of the second COVID wave in Q1, 2022, it witnessed a sharp drop in 99acres in terms of traffic in April and May. However, since then, the traffic has recovered in June.

  2. Billings in Q4 stood out to be 71.7 crores, a growth of 41.5% year-on-year, while revenues stood at 50.1 crores, a decline of 11.1% year-on-year.

  3. For FY 21, billing was down 13.6% compared to FY 20 and closed at 184.8 crores while revenue declined by 23.8%, and we close the year at 117.8 crores.

  4. The operating loss for the quarter stood at Rs. 16.6 crores while EBITDA for the whole year stood at a loss of Rs. 22.2 crores against a profit of 8.4 crores for the last financial year.

  5. However, cash profit for 99acres during the quarter was 5.7 crores against the cash loss of Rs. 3.8 crores last year.

  6. In Q4 99acres new home, resale, the commercial showed strong sequential business recovery compared to Q3.

  7. In Q4, expenses were higher, but 20% increased brand marketing spending and launched a new marketing campaign. Daily fresh owner listings posted on the platform grew 14% year-on-year in Q4.

  8. Recovery in broker listings lagged a little behind the recovery in owner listings.

 Jeevansathi

  1. Continue to invest in brand and marketing and user experience because of the higher growth rate in volume and value.

  2. Billings grew 12.2% year-on-year in Q4 to Rs. 26.7 crores and revenue grew 14.4% year-on-year to Rs. 25.9 crores.

  3. Operating EBITDA losses stood at 21.4 crores in Q4 of 21, up from a loss of Rs. 18.8 crores last year.

  4. FY 21 billing grew by 15.2% year-on-year to Rs. 100.4 crores for the whole year up from Rs. 87.1 crores in FY 20, and revenue grew to 96.9 crores from 84.7 crores in FY 20 increase of 14.4%. As a result, FY 21 EBITDA stood at a loss, EBITDA loss stood at Rs. 95.6 crores against a loss of 63.2 crores in FY 20.

 Shiksha

  1. Traffic gains over the last 18 months are now getting translated into higher revenue growth.

  2. Continue to invest in improving both student engagement to comprehensive content and a more user-centric product office.

Naukri

  • In Q4 2021, recruitment segment billings were Rs. 297.9 crores up by 22% year-on-year, while revenues were Rs. 198.6 crores, a decline of 13.9% year-on-year.

  • Operating EBITDA stood at Rs. 99.3 crores down by 24.3% year-on-year.

  • Margins were at 50% versus 56.9% in Q4 of last year.

  • For the full year as a whole, recruitment billing was down 11.9% to Rs. 806.9 crores while revenue declined by 15% to Rs. 771 crores.

  • For the full-year EBITDA margin stood at 55.4% compared to 55.6% in FY 20.

  • New CV registrations per day stood at Rs. 16,000 per day, a growth of 25% compared to Q4 of last year. Average CV modifications per day also reached a record high of 512,000, increasing 21% year-on-year and 41% in March 2021.

  • Managed to maintain the market share of 80% plus in the country's traditional online classified recruitment business.

Way Forward:

  • The share of online in the overall spend to advertisers and developers and brokers to further post the second COVID wave subsiding and lockdowns easing out as prices further realise the inherent cost urgency of digital versus print media and printings.

  • Post once lockdown restrictions are fully removed, it is expected to see a broader recovery on all fronts listings, traffic, inquiries, and revenue.

  • Continue to invest aggressively in improving the core platform experience in all the business segments within 99acres to strengthen the competitive position further.

  • Jeevansathi continues to consolidate its position as it gets into positional strength in the Hindi speaking markets.

  •  Completed the 100% acquisition of Bangalore based Zwayam Digital Private Limited this June. Zwayam is engaged in business or providing SAS-based sourcing and screening, recruitment solutions, and providing end-to-end recruitment solutions with configurable plug and play modules.

  • The strategic investment, Zomato has filed a DRSP with SEBI seeking approval for a proposed hike.

You can know more in detail about Infoedge and related to Infoedge Share Result, Infoedge Share Review, Infoedge Share Return, Infoedge Share Price History, Infoedge Share Graph, Infoedge Share Chart, Infoedge Share Analysis & Infoedge Share Technical Analysis on Invest Yadnya website.

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