Online classifieds company Info Edge's third quarter profit is likely to increase 3.6 percent to Rs 40 crore compared to Rs 38.6 crore in year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Revenue is seen rising 19.4 percent to Rs 174 crore from Rs 145.7 crore in same period led by Naukri.
Its 99 acres revenue growth slowed down to 12-13 percent in April-September period of FY16 and continued to make hefty losses. The company, after Q2 earnings, said the real estate market continued to be challenged and did not expect it to recover in near term. It also cautioned that investments into real estate are likely to remain elevated level in medium term.
It announced new investments in quarter amounting to Rs 14.4 crore into new and existing businesses.
Operating profit (earnings before interest, tax, depreciation and amortisation) may grow 19.8 percent year-on-year to Rs 43.5 crore. Margin may remain flat at 25 percent against 24.9 percent on yearly basis but sharply higher compared to 19.1 percent in preceding quarter.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
