- Info Edge India‘s net income for the first quarter was 2.6 billion rupees, marking a 12% increase from the previous year but falling short of the estimated 2.64 billion rupees.
- Revenue reached 7.36 billion rupees, a 15% year-over-year growth, yet slightly below the forecasted 7.37 billion rupees.
- Recruitment solutions saw revenue rise to 5.42 billion rupees, up 15% year-on-year, but still below the expected 5.47 billion rupees.
- The 99acres segment generated 1.11 billion rupees in revenue, up by 12% from the previous year, not meeting the 1.17 billion rupee estimate.
- Revenue from other segments increased significantly by 23% to 841.5 million rupees, surpassing the estimated 763.9 million rupees.
- Other income climbed 25% from the previous year, reaching 960.1 million rupees.
- Total costs for the quarter were 4.86 billion rupees, an increase of 18% compared to the previous year.
- Investment analysts’ recommendations include 13 buy ratings, 6 hold ratings, and 2 sell ratings for the company.
A look at Info Edge India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
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‘s long-term outlook, as indicated by Smartkarma Smart Scores, reflects a balanced performance across key factors. With a Value score of 3, the company is deemed to be fairly priced relative to its fundamentals. Similarly, the Dividend score of 3 suggests a stable dividend policy. However, with a Growth score of 2, there may be room for improvement in expanding its business prospects. On the bright side, Info Edge India excels in Resilience with a score of 4, indicating its ability to weather market fluctuations effectively. Moreover, the Momentum score of 3 signals consistent performance trends.
Info Edge India, known for operating an online job posting website and a matrimonial platform, appears to have a promising long-term outlook supported by its resilient performance and stable fundamentals. While areas like growth potential could be enhanced, the company’s strong foundation in providing online services for job seekers, recruiters, employers, brides, grooms, and relatives establishes a solid foothold in the digital space. Overall, Info Edge India‘s Smartkarma Smart Scores highlight a foundation of stability with room for strategic growth to further solidify its position in the competitive online services industry.
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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