INFO EDGE Action price More than 1% slipped at the beginning of the commerce on June 22nd day after the company released its quarter of March.
The Company recorded a 60.3% jump in its net result from Q4 to 66.7 crore compared to RS 41.6 crore in the previous year. Revenues decreased by 10.2% to RS 290 crore against 322.8 in the fourth quarter of 2010.
Gains before interest, taxes, depreciation and amortization (EBITDA) decreased by 44.9% at the RS 53.1 and EBITDA Core margin decreased to 18.3% of the quarter of the year.
The brokerage house has raised the 2002-24 revenue estimates up to 4% quoting a strong recruitment corporate perspective.
“The company is well placed to catch up on B2B expenditure in India moving to digital, but we are inadequate between growth prospects and evaluations. The company negotiates 88x 12M-WARNING EV / EBITDA versus global ads 24x median, “she said.
The sequential improvement of the main activity continued. Treasury balances accumulate with the company by assessing investment opportunities. FY22-23 EPS estimates see a revision of less than 1%.
CLSA expects revenue growth to strongly rebound with Q2. The operating leverage effect in the economic model should ensure its traffic in the margin. Zomato & Policybazaar is actively working on the public list. Management remains looking for consolidation or expansion.
Sharekhan has shortened its estimates for the 201022E / FY2023E fiscal year, facilitating strong billing growth between segments and the minimum impact on recruitment activities in the second wave of COVID-19. It is expected that revenues and margins greatly improve the following years, led by improving economic activity, the rise in recruitment between sectors, the strong recovery in the activities of 99acres.com and the continuous growth momentum in Jeevansathi and Shiksha companies.
With the management investing prudently, some of the current INFO Edge investments would adapt to the medium long term, contributing more to the valorization of the group.
Broking House believes Info Edge will be a key beneficiary of a change of advertising on online support. In addition, the digital talent layout and strong traction in the IT & ITES segment is well for income growth.
In addition, the company attends a healthy billing trend on a basis of Qoq and Yoy. The brokerage expects Info Edge to be indicative of improved post traction the second wave of COVID.
“In addition, a cautious capital allowance, quasi-game on the Indian boot ecosystem (Zomato, Policybazaar, such as Shoekonect, USTRA, Gramophone) and the recruitment leadership with an EBITDA margin greater than 50% allows us to Staying optimistic about the long-term outlook stock, “he says.
At 09:16, Info Edge India quoted at 4,927.80 RS, at the bottom of Rs 50.20, 1.01 percent on BSE.
The share covered a height of 52 weeks of 5,876.05 rupees and 52 weeks of 2,664,35 rupees on January 06, 2021 and 25 June 2020, respectively.
