Exchanges, Staffing, Internet Q3 Earnings Preview - Momentum Continues: HDFC Securities

Exchanges, Staffing, Internet Q3 Earnings Preview - Momentum Continues: HDFC Securities

A traders talks on the phone during market hours. (Photographer: Justin Chin/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

HDFC Securities Report

Exchanges - Multi Commodity Exchange of India Ltd. futures average daily trading volume continued to decline in Q3 FY22 due to seasonality and volume decline of 2/12/5% in bullion/energy/metals. Impact of futures decline will be offset by higher index/options volumes. Revenue is expected to increase 4% QoQ, aided by options revenue and margin will expand 51 basis points QoQ to 41.1%.

Staffing: Teamlease Services Ltd. is expected to post a strong quarter, driven by high associate headcount and National Employability Through Apprenticeship Program trainee additions. The rise in economic activities and demand for digital talent are expected to keep the hiring activity robust and thereby benefit the general and specialised staffing business.

Internet: IndiaMart Intermesh Ltd. is expected to post a good quarter on account of economic recovery, improved business sentiment, and easing of mobility restrictions.

Click on the attachment to read the full report:

HDFC Securities Exchanges Staffing and Internet - Q3FY22 Results Preview.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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