Strong revenue growth prospects for each of its online verticals—including recruitment, matrimony, real estate, education, and upside from its holdings in companies such as Zomato—had prompted Goldman Sachs to upgrade the stock.
Info Edge's standalone revenue grew 10.6 per cent year-on-year (Y-o-Y) in Q2FY25, beating consensus. 99acres (+16.9 per cent Y-o-Y) and Jeevansathi (+33 per cent Y-o-Y) were drivers of growth while recruitment grew 8.5 per cent Y-o-Y. Operating profit was up 13.8 per cent Y-o-Y to ₹274 crore, as margin expanded 117 basis points Y-o-Y to 41.8 per cent. Profit before tax growth of 14.8 per cent Y-o-Y to ₹2.51 crore also beat the Street estimates.
In its pre-quarter update, Info Edge had already disclosed a 14.3 per cent Y-o-Y growth in standalone billings, highest in the last 6 quarters. There was a recovery in both IT and non-IT segments.
この記事は Business Standard の November 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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この記事は Business Standard の November 23, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
すでに購読者です? サインイン
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