A lot of brokerages have turned bullish on Info Edge India post their Q4 numbers. Their real estate database website 99acres' losses have been reducing while food-ordering app Zomato is also doing well and job portal naukri.com's margins have been improving.
In an interview to CNBC-TV18, Hitesh Oberoi, MD & CEO of Info Edge India spoke about the latest happenings in the company.
Naukri.com has been a dominant player in the job market. It is just that the economy was slow so business was going at 15-20 percent per annum, he said.
Our levers of growth include adding more users and getting more enterprises, said Oberoi.
Oberoi is bullish on Zomato. He also mentioned that Zomato had a terrific year; about 80-90 percent of its revenue comes from advertising.
"99 acres is on the growth path. We got hit by demonetisation in the second half of last year till then the business was growing at 20-25 percent per annum but we managed to cut burn and on billings we actually broke even and made small profit. So from Rs 90 crore EBITDA losses in FY15-16, we managed to reduce loss to Rs 40 crore despite demonetisation last year and in Q4 we broke even on billings," he added.
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