- Info Edge India reported a net income of 2.32 billion rupees in 1Q 2024, a 16% increase year-over-year, meeting estimates of 2.3 billion rupees.
- Revenue for the quarter was 6.39 billion rupees, up 9.4% year-over-year, slightly above the estimate of 6.37 billion rupees.
- Recruitment solutions revenue came in at 4.72 billion rupees, a 5.8% increase year-over-year but just under the estimate of 4.74 billion rupees.
- The 99acres segment experienced robust growth with revenue of 987.9 million rupees, a 20% year-over-year increase, though just below the estimate of 1 billion rupees.
- Revenue from other segments surged by 24% year-over-year to 685.9 million rupees, surpassing the estimate of 627.9 million rupees.
- Other income jumped 33% year-over-year, reaching 769.7 million rupees.
- Total costs for the quarter were 4.12 billion rupees, up 9.9% compared to the same period last year.
- Analyst recommendations: 15 buys, 3 holds, and 3 sells.
A look at Info Edge India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 3 | |
| Growth | 2 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
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, operating online job posting and matrimonial websites, has a mixed long-term outlook based on Smartkarma Smart Scores. With an average Value and Dividend score of 3, the company shows stability in its financials and shareholder returns. However, its Growth score of 2 reflects some challenges in expanding its business. On the bright side, Info Edge India scores high on Resilience and Momentum with scores of 4, indicating a strong ability to weather market uncertainties and maintain positive stock performance. Overall, the company seems well-positioned to withstand economic fluctuations and capitalize on market opportunities.
In summary, Info Edge India Limited, with its focus on online job postings and matrimonial services, shows a moderate-to-positive outlook according to the Smartkarma Smart Scores. While facing some growth challenges, the company demonstrates resilience and momentum in navigating the market environment. Investors may find Info Edge India an attractive option considering its balanced performance across different factors evaluated by the Smart Scores.
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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