Kotak Securities has come out with its second quarter (July-September) earnings estimates for the Internet sector. The brokerage house expects Info Edge to report net profit at Rs 45.7 crore, up 3 percent quarter-on-quarter.
Net Sales are expected to increase by 3.6 percent Q-o-Q (up 17.6 percent Y-o-Y) to Rs 204.8 crore, according to Kotak Securities.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 10.2 percent Q-o-Q (up 57.9 percent Y-o-Y) to Rs 52.7 crore.
Kotak Securities' report on Info Edge
We expect steady 18% yoy growth in the recruitment business.
Estimates now also include the higher impact of ESOP expenses post Ind-AS implementation.
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