- Info Edge India‘s net income for the third quarter was 2 billion rupees, representing a 6.5% year-over-year decrease and missing the estimate of 2.54 billion rupees.
- The company generated a revenue of 6.72 billion rupees, marking a 13% increase from the previous year, but slightly below the projected 6.8 billion rupees.
- Revenue from recruitment solutions reached 5.05 billion rupees, which is up by 12% compared to the previous year, yet short of the expected 5.16 billion rupees.
- The property portal 99acres reported a revenue of 1.04 billion rupees, a 17% increase year-over-year and aligning with expectations.
- Other business revenue stood at 624.1 million rupees, showing an 11% rise from last year, but falling short of the anticipated 663.8 million rupees.
- Other income increased by 20% year-over-year to 781.1 million rupees.
- Total costs for the quarter were 4.08 billion rupees, experiencing an 8.5% increase from the previous year.
- In terms of investment analyst recommendations, Info Edge India has 16 buys, 3 holds, and 1 sell.
A look at Info Edge India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Info Edge India, the operator of an online job posting website and matrimonial platform, has garnered positive Smart Scores across key factors. With solid ratings in value, resilience, and momentum, the company positions itself well for long-term growth and stability. A high value score signifies the company’s attractiveness in terms of investment opportunities, while its resilience score highlights its ability to weather market fluctuations. Additionally, a strong momentum score suggests that Info Edge India is on a steady path towards future growth. Although growth and dividend scores are lower, the company’s overall outlook appears promising based on the Smart Scores.
Info Edge India‘s focus on online job postings and matrimonial services underpins its business model. As it secures favorable ratings in essential categories like value and resilience, investors may view the company as a reliable long-term investment option. By leveraging its strengths in value, resilience, and momentum, Info Edge India could potentially sustain its growth trajectory and emerge as a key player in the digital recruitment and matrimonial space.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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