Info Edge: Naukri in the driver's seat; will it run up more?
Info Edge should continue to see robust growth momentum in both billings and revenues through the recruitment segment and 99acres
November 22, 2021 / 01:08 PM IST
Krishna Institute of Medical Sciences | The company reported lower consolidated profit at Rs 84.25 crore in Q2FY22 against Rs 90.15 crore in Q2FY21, revenue rose to Rs 411.74 crore from Rs 409.63 crore YoY.
PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook
Info Edge has reported a good set of numbers for the September quarter, driven by strong IT hiring trends and a pick-up in real-estate demand. The IT/ITES industry's share in Naukri's revenue touched an all-time high of 35.9 percent in Q2. The company also saw a one-off gain from the Zomato investment in the quarter.
Billings jumped 28.1 percent, sequentially, and 61.3 percent over Q2FY21 to Rs 402.4 crore, mainly on the strong performance of the recruitment segment...