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Last Updated : Oct 17, 2013 06:23 PM IST | Source: CNBC-TV18

Info Edge Q2 profit may rise 5.6% to Rs 31 cr

Analysts on an average expect revenues of the company are likely to increase 3 percent to Rs 124.3 crore during September quarter from Rs 120.7 crore in June quarter.

 
 
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Info Edge, an online classifieds provider in the field of recruitment, matrimonial and real estate, will announce its second quarter (July-September) results on October 18. Profit after tax may rise 5.6 percent sequentially to Rs 31.1 crore in the quarter gone by, according to a CNBC-TV18 poll.


Analysts on an average expect revenues of the company are likely to increase 3 percent to Rs 124.3 crore during September quarter from Rs 120.7 crore in June quarter.


Earnins before interest, tax, depreciation and amortisation (EBITDA) may climb 4 percent Q-o-Q to Rs 38.4 crore and operating profit margin is likely to expand 40 basis points to 30.9 percent during second quarter.


Outlook or revenue growth for naukri.com is indexed to GDP growth and business confidence levels; hence, that would be sluggish, feel analysts.


The management expects advertisement spend in second quarter to be little lower than in first quarter.


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Recruitment contributes 75 percent to its revenues. Macro uncertainty took a toll on the recruitment segment.

Losses in other verticals (like 99 acres, Zomato, Shiksha etc) doubled. EBITDA loss is expected to be at Rs 9 crore as against Rs 4.4 crore Q-o-Q.



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First Published on Oct 17, 2013 06:23 pm
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