Info Edge announced acquisition of iimjobs.com for Rs 80.8 crore, which will help Naukri penetrate into high skilled recruitment segments against it's current strong presence around fresher/mid-level hiring
Net Sales are expected to increase by 7.1 percent Q-o-Q (up 15.8 percent Y-o-Y) to Rs. 257.7 crore, according to Edelweiss.
Net Sales are expected to increase by 8.6 percent Q-o-Q (up 18.3 percent Y-o-Y) to Rs. 246.6 crore, according to Edelweiss.
In an interview with CNBC-TV18, Chintan Thakkar, CFO of Info Edge spoke about the results and his outlook for the company.
Its restaurant listings portal Zomato could continue to aggressively focus on growth, it added. The company also expects lower losses for 99 acres.
Info Edge India is higher in trade, reacting to a good set of earnings. In an interview to CNBC-TV18, Hitesh Oberoi, CEO & MD of the company discussed the Q2 performance.
Net Sales are expected to increase by 11.9 percent Y-o-Y (up 5.7 percent Q-o-Q) to Rs. 235.1 crore, according to Kotak.
Info Edge India has reported a good Q1 FY18 earnings. In an interview to CNBC-TV18, Hitesh Oberoi, MD & CEO of the company shared his reading and outlook on their Q1 numbers.
Net Sales are expected to increase by 8.7 percent Q-o-Q (up 14.7 percent Y-o-Y) to Rs 226.6 crore, according to Edelweiss. InfoEdge to report net profit at 59.8 crore up 82% quarter-on-quarter.
Info Edge India reported its third quarter results for the quarter ending December 2016. The company reported net profit growth of 76.1 percent at Rs 47.1 crore vis-Ã -vis Rs 26.7 crore the same quarter last fiscal.
Reacting to the results, Hitesh Oberoi of Info Edge said 99 acres had a good quarter and Naukri.com is seeing customer growth
Online classifieds company Info Edge's second quarter profit is likely to jump 37 percent quarter-on-quarter to Rs 46.5 crore on strong operational performance, according to analysts polled by CNBC-TV18.
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.
Chief Financial Officer, Chintan Thakkar says if the company were using old methods of accounting, the growth in Naukri.com revenues would have been around 17 percent, close to the 19 percent it has reported in the previous years.
The company is sitting on a cash of Rs 1,100 crore and this it will use to invest in the internet space (including international) on the back of correcting valuations in private markets, says Hitesh Oberoi, MD & CEO, Info Edge.
HSBC Securities should have had a better understanding of Info Edge and Zomato, says Chintan Thakkar, CFO of Info Edge.
Chintan Thakkar, CFO of Info Edge says the real estate market is very dull and the new project launches are very minimal.
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.
In an interview with CNBC-TV18, Chintan Thakkar, CFO of Info Edge said the company will continue to invest in 99acres despite the slow revenue growth in the June quarter.
Oberoi said the real estate market remained sluggish, and the break even at operating level for 99acres.com was a long way off.
Revenues in the flagship website Naukri.com grew 17 percent, while those in 99acres.com increased 20 percent
The company reported a quarter-on-quarter net profit at of 33.2 crore versus Rs 39.8 crore in the previous quarter.
Info Edge which posted flat revenues in the third quarter is hopeful that with an improvement in economic activity and hiring, their principal business, Naukri will grow at slightly rapid rate.
Speaking to CNBC-TV18 on its Q2 results, Hitesh Oberoi, chief executive officer and managing director, Info Edge says the company is likely to do well if the country continues to grow positively. â€œIf the economy starts improving, if the market for jobs in real estate starts looking up, then our growth rate should improve from here on,â€ he adds.
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.