Info-Edge-November24-Presentation
Info-Edge-November24-Presentation
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This presentation is not a prospectus, a statement in lieu of a prospectus, an offering circular, an advertisement or an offer document under the Companies Act, 2013, the Securities and Exchange Board of India (Issue of Capital and Disclosure
Requirements) Regulations, 2018, each as amended, or any other applicable law in India.
This presentation contains the Company’s audited financial information as at and for the period ending September 30, 2024 and as at and for the quarter ended September 30, 2024. Investors should be aware that such financial information may
be subject to certain adjustments during the course of audit/review and the audited/reviewed financial statements of the Company, when announced, may differ from those contained in this presentation.
In this presentation:
All figures mentioned are for the Company as a standalone entity and are as of September 30, 2024 or for the quarter ended September 30, 2024, unless indicated otherwise.
Q2FY25 or Q2FY24-25 means the period commencing on July 01, 2024, and ending on September 30, 2024.
FY24 or FY23-24 or FY2024 means the Financial Year starting April 1, 2023, and ending March 31, 2024.
FY25 or FY24-25 or FY2025 means the Financial Year starting April 1, 2024, and ending March 31, 2025.
1 Crore = 10 Million = 100 Lakh.
2
Standalone Financial Performance
3
IEIL Standalone performance (Q2FY25) – at a glance
Rs. 19.98
Earning per share1 – Q2FY25
Rs. 656cr 38.3% (YoY +20.7%)
5,820
Revenue from Operations Operating Profit margin Employee count
(YoY +10.6%)
Rs. 6.65 as of Sep 30, 2024
Note: 1) Earning per share is before exceptional items and deferred taxes for earlier years. 2) Earning per share is after exceptional items and deferred taxes for earlier years. 4
Key highlights regarding standalone financial performance for Q2FY25
Billing growth in Q2 was driven by continued improvement in the recruitment business and the
1. sustained performance of the non-recruitment businesses
Deferred sales revenue in Q2FY25 was Rs. 1,069cr
2. Operating profit margins improved to 38.3% in Q2FY25 with operating profits growing at 14.8% YoY
3. Earning per share1 (EPS) in Q2FY25 was Rs. 19.98 (YoY growth of 20.7%)
Cash generated from operations (before taxes) of Rs. 262cr in Q2FY25 (YoY growth of 4.7%);
4. Cash balance as of Sep 30, 2024 on a standalone basis (incl. wholly owned subsidiaries) was Rs. 4,268cr
Note: Earning per share is before exceptional items and deferred taxes for earlier years. 5
InfoEdge Q2FY25 highlights: Healthy improvement in billings growth coupled with operating
margins expansion and increased cash generation
Billings (Rs. Cr) Operating profit (Rs. Cr) and margins (%)
Incl.
acquired 581 671 1,120 1,267 Op. Profit
margin % 36.9% 38.3% 36.3% 36.9%
businesses*
+12.6% +11.9%
1,230 478
1,092 428
+14.3% +14.8%
Revenue from operations (Rs. Cr) Cash from operations (before taxes) (Rs. Cr)
Incl.
acquired
605 676 1,205 1,331
businesses* +10.4%
+10.0%
1,295 436
1,177 +4.7% 395
+10.6%
250 262
593 656
Note: Revenue and billings in charts are on a standalone basis and the same including acquired businesses are in dotted boxes; Acquired businesses include Zwayam and DoSelect. 6
Business Segments Financial
Performance
7
Recruitment business: The billings growth rate improved to 14% in Q2 with increased cash
generation
Billings (Rs. Cr) Op. profit (Rs. Cr) & margin (%) Q2FY25 highlights
Op.
Profit 59.2% 57.8% 59.1% 55.9%
+11.4% % Overall billings growth of 14% YoY, a double digit
+1.3%
923 growth after 5 quarters.
829
+14.0% 534 540
+5.8%
492 Growth has been widespread - IT segment grew by
431 270 286 12%, Non-IT by 20%, and the Recruitment consultant
segment by 10%.
Revenue from operations (Rs. Cr) Cash from operations (Rs. Cr)
Naukri database is now comprises of 103 million
resumes; Avg. daily app installs stands at 16 million;
+1.0% Avg. number of resumes added daily were 24.5k.
+7.1%
8
99Acres: Billings grew at 16% YoY in Q2FY25; Operating losses further reduce by 14% YoY
Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights
107
92
(17) (14) New project sales moderated in Q2 as well.
Sequential price increases have also moderated QoQ
+13.8% (28)
across most metro markets.
(39)
Q2FY24 Q2FY25 H1FY24 H1FY25 +28.5%
(22)
(35)
Q2FY24 Q2FY25 H1FY24 H1FY25
9
Jeevansathi: The business almost reached breakeven, driven by continued billings growth
(31% YoY) and sustained cost control in Q2 as well
Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights
+33.4% Q2FY24 Q2FY25 H1FY24 H1FY25 The matchmaking industry remains competitive, with
51 the top 3 players seeking to expand their market
(0.7) (3) share.
+31.5% 39
26
20 (17) Key metrics like acceptances and two-way chats on
the platform continue to remain healthy
+95.8%
(36)
Q2FY24 Q2FY25 H1FY24 H1FY25 +92.0%
Focused on exploring additional ways to monetize
platform traffic
Revenue from operations (Rs. Cr) Cash from operations (Rs. Cr)
+34.1% Q2FY24 Q2FY25 H1FY24 H1FY25 Marketing expense rationalization continued, with
52 costs down by 36% year-over-year while maintaining
(2) growth momentum
+33.4% 39 (6)
26 (14)
20
+87.9%
Billings growth and reduced marketing expenses led
to reduced losses
(36)
Q2FY24 Q2FY25 H1FY24 H1FY25 +82.8%
10
Shiksha: Revenue growth at 10% and billings remained flattish in Q2
Billings (Rs. Cr) Operating profit (Rs. Cr) Q2FY25 highlights
1
+12.7%
26 25 (3)
(3)
(4) Shiksha's traffic share reached 56% as of September
2024.
Q2FY24 Q2FY25 H1FY24 H1FY25
Q2FY24 Q2FY25 H1FY24 H1FY25
Revenue from operations (Rs. Cr) Cash from operations (Rs. Cr) Emergence of new private universities in India
presents an opportunity for Shiksha to expand its
footprint
+14.4%
75 Q2FY24 Q2FY25 H1FY24 H1FY25
66
Students' interest in studying abroad in the 2024
+9.7% season is impacted by the weak external environment.
We continue to make long-term investments in
30 33
(5) strengthening the Study Abroad platform.
(6) (5)
(11)
Q2FY24 Q2FY25 H1FY24 H1FY25
11
Consolidated Financial Performance
12
Summary of consolidated financial performance for Q2FY25
At the consolidated level, the net sales for the Company stood at Rs. 700.8cr in Q2FY25 versus Rs. 625.8cr for Q2FY24
At the consolidated entity level, the total comprehensive income stands at Rs. 8,170.2cr in Q2FY25 compared to Rs. 3,399.4cr in
Q2FY24
Profit before tax (without exceptional items) in Q2FY25 was Rs 335.3cr, compared to Rs 262.3cr in Q2FY24
13
Operational Highlights
14
InfoEdge businesses
Recruitment
Real Estate
Matchmaking
Education
15
Recruitment business –
Key operating highlights
16
Recruitment business – key highlights
Dominant Traffic Share among peers
~82k 489k
Unique revenue
Job listings2
generating clients2
24.5k 624k
Resumes added daily2 Resumes modified daily2
147k 970k
Job seekers availed Avg. resume
premium services2 searches daily2
Notes:1 Traffic shares as of Jun’22 basis SimilarWeb data and comparison includes Naukri, Monster, Times jobs, Shine, 17
and Indeed; 2 for the period Q2FY25
Breakdown of revenue by Product and Industry
Revenue split by products1 Revenue split by industry1
IT & ITES,
Job seeker Manufacturing, 31.1%
services, 7.7% 4.2%
BFSI, 9.2%
Job listings,
9.3%
Recruitment
Infrastructure,
Firms, 26.8%
Resume 10.6%
database
access, 68.4%
1,859 1,883
132
127 1,436
110
Avg. realization per client (Rs. ‘000) Operating profit margin (%)
86
Notes: FY22 – FY23 numbers as per IND-AS. Above numbers are segmental business numbers for Naukri. 19
Real Estate business –
Key operating highlights
20
99Acres – key highlights
~29% ~39%
YoY improvement in YoY reduction in
H1FY25 operating profit cash losses in H1FY25
180k+1 789k+2
Total projects Total listings
45%
40%
35%
30%
25%
20%
15%
10%
5%
0%
Source: SimilarWeb 22
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
Distribution of total 789k+ listings Distribution of 82.5k+ total customer base Billing breakdown by customer type
Owner,
Broker, 8%
41%
Commerical,
20%
Builder,
Owner, Broker,
29%
51% 62%
Residential,
80%
Builder,
7%
As of Sep 30, 2024 Data for trailing 12 months to Sep’24 Data for trailing 12 months to Sep’24
24
Matrimony business –
Key operating highlights
25
Jeevansathi – key highlights
92% ~83%
YoY reduction in YoY reduction in
H1FY25 operating losses cash losses in H1FY25
90%+ ~41%
User traffic & time spent YoY reduction in marketing
on Android and iOS apps spends in H1FY25
26
Education business –
Key operating highlights
27
Shiksha – key highlights
India’s largest Higher Education Classified platform
Domestic competitors include – Careers360, Collegedunia, CollegeDekho, getmyuni, Sarvgyan, Pagalguy, MBAuniverse, Aglasem
28
Study Abroad competitors include - Top universities (QS), IDP, Hotcourses, Yocket, LeapScholar, Study Abroad consultants
Investments
29
Financial Investments in technology-based Startups
Strategic Investments
We may from time to time consider various investment / asset monetization opportunities, as we had done in past, However there can be no assurance regarding whether we will able to complete such
investments / asset monetization opportunities on commercial terms acceptable to us, or at all.. 31
Financial Investment Portfolio
Financial Investments - Unlisted Companies
Carrying value of investment as Diluted and converted
Investee Company Prominent Domain names of Sep 30, 2024 shareholding %
(Rs. Cr.) (Actual)
Agstack Technologies Private Limited http://www.gramophone.in/ 42.5 43.44%
Printo Document Services Private Limited http://www.printo.in/ 37.8 32.80%
Shop Kirana E Trading Private Limited http://shopkirana.com/ 127.2 26.36%
Metis Eduventures Private Limited https://www.adda247.com/ 144.2 25.88%
LQ Global Services Private Limited https://www.legitquest.com/ 4.0 23.07%
Llama Logisol Private Limited https://shipsy.in/ 68.4 22.56%
Crisp Analytics Private Limited https://lumiq.ai/ 2.7 2.50%
Unbox robotics Labs Private Limited https://unboxrobotics.com/ 11.6 6.12%
Attentive AI Solutions Private Limited https://attentive.ai/ 3.7 4.43%
Brainsight Technology Private Limited https://www.brainsightai.com/ 2.1 4.00%
Ray IOT Solutions Inc. https://www.rayiot.org/ 6.9 12.60%
Skylark Drones Private Limited https://skylarkdrones.com/ 1.2 1.10%
String Bio Private Limited https://www.stringbio.com/ 16.5 0.85%
Psila Tech. Pte. Ltd. https://www.flippyfinance.com/ 5.7 13.38%
Aarogyaai Innovations Private Limited https://aarogya.ai/ 2.3 4.17%
Sploot Private Limited https://sploot.space/ 8.9 24.84%
Vyuti Systems Private Limited https://www.cynlr.com/ 2.3 2.07%
Ubifly Technologies Private Limited https://eplane.ai/ 4.4 2.86%
WSO2 Inc. https://wso2.com/ 23.2 0.55%
VLCC https://vlcc.com/ 53.8 1.24%
SkyServe Inc. https://www.skyserve.ai/ 4.2 5.55%
Greytip Software Private Limited https://www.greythr.com/ 65.0 24.07%
Total 638.6
Note: Greytip Software Private Limited which was a JV till last quarter, has been classified as financial investment in Q2FY25 subsequent to majority stake acquisition by external investor through primary funding 32
as well as secondary purchase.
Balance Sheet Summary
& Data Sheet
33
Standalone Balance Sheet Summary as of September 30, 2024
3.0% 2.6%
8.5% 12.0%
88.5% 85.4%
34
Data sheet – Q2FY25 (1/2)
As at end of/ during Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22
Revenue distribution of
Naukri.com from
- IT Services/ ITES 32.0% 30.5% 31.1% 30.7% 30.9% 31.2% 33.5% 34.2% 35.7% 35.9% 37.1% 34.9% 35.9% 35.1% 31.0% 35.3% 36.0%
- Recruitment consultants/firms 26.5% 27.4% 26.5% 27.0% 27.4% 27.7% 27.4% 27.8% 28.2% 27.5% 26.1% 26.2% 25.4% 24.9% 27.2% 27.5% 25.4%
- Non IT 41.5% 42.1% 42.4% 42.3% 41.7% 41.0% 39.1% 38.1% 36.1% 36.6% 36.9% 38.9% 38.7% 40.0% 41.8% 37.2% 38.6%
Further distribution of Non IT
- Infrastructure 10.6% 10.7% 10.7% 10.5% 10.5% 10.1% 9.7% 9.2% 9.1% 8.7% 8.8% 9.1% 9.9% 10.2% 10.5% 9.2% 9.4%
- BFSI 8.4% 9.4% 9.9% 9.1% 8.9% 9.0% 8.3% 6.9% 6.0% 6.7% 6.3% 6.5% 6.5% 6.8% 9.2% 6.6% 6.5%
- Others 22.5% 22.0% 21.7% 22.7% 22.2% 21.9% 21.2% 22.0% 21.0% 21.2% 21.8% 23.3% 22.3% 23.0% 22.1% 21.5% 22.6%
99acres
Number of listings free+paid (in
1,162 1,103 1,081 1,007 1,134 1,163 1,191 1,077 1,052 1,109 1,081 1,082 1469 894 4,384 4,428 4,526
'000)
Number of paid listings (in '000) 772 733 735 688 699 664 733 736 621 604 589 627 829 446 2,786 2,693 2,491
^as on 5th April 22
35
Data sheet – Q2FY25 (2/2)
As at end of/ during Q2FY25 Q1FY25 Q4FY24 Q3FY24 Q2FY24 Q1FY24 Q4FY23 Q3FY23 Q2FY23 Q1FY23 Q4FY22 Q3FY22 Q2FY22 Q1FY22 FY24 FY23 FY22
Key financial metrics
Segment Billing (in Rs million)
Recruitment business 4,920 4,314 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 18,587 14,364
Real estate business 1,074 809 1,311 884 922 734 1,037 711 757 611 793 614 681 224 3,851 3,116 2,312
Matrimony business 259 254 258 203 197 188 205 171 169 176 281 245 243 251 846 721 1,019
Education business 249 415 447 393 257 333 409 278 248 304 287 257 189 232 1,430 1,239 965
Total Billing 6,503 5,793 8,269 5,769 5,690 5,230 7,486 5,507 5,429 5,242 6,493 4,808 4,131 3,228 24,959 23,663 18,660
Head count 5,820 5,817 5,750 5,602 5,594 5,568 5,311 5,336 5,282 5,107 4,805 4,543 4,540 4,573 5,750 5,311 4,805
Address Info Edge (India) Limited, B 8, Sector 132, Noida – 201 301, Uttar Pradesh, India
Website www.infoedge.in
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