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Info Edge Q2 Review - Growth To Remain Strong, But Valuation Leaves Little Upside: Motilal Oswal

Info Edge Q2 Review - Growth To Remain Strong, But Valuation Leaves Little Upside: Motilal Oswal

<div class="paragraphs"><p>Employees work at the office. (Photographer: Anindito Mukherjee/Bloomberg)</p></div>
Employees work at the office. (Photographer: Anindito Mukherjee/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.

Motilal Oswal Report

Info Edge India Ltd. reported an in-line operating performance in Q2 FY22, with standalone revenue growth of 37% YoY (estimate of up 35%), the Ebitda margin at 30.2% (estimate of 30.1%), and adjusted profit after tax growth of 98% YoY (estimate of 101% YoY).

Info Edge's Q2 billings stood at Rs 4.02 billion, up 67% YoY and up 28% QoQ. Billing growth was led by recruitment solutions (73.9%), 99acres (45.9%), and Shiksha (74.7%).

The Naukri business is expected to grow exceptionally well on account of robust hiring demand across the board, driven by both IT and non-IT.

The real estate market is seeing decade-high demand momentum, and the revenue growth rate is expected to be strong

Click on the attachment to read the full report:

Motilal Oswal Info Edge Q2FY22 Result Update.pdf

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