Info Edge India (BUY) - Quarterly estimates - ICICISecurities

- Recruitment revenue may grow 2% YoY to Rs852mn, while non-recruitment revenue is expected to grow 17% YoY to Rs265mn.

- EBITDA margin expected to decline 280bps YoY to 32%. EBITDA is likely to decline 3.1% YoY to Rs357mn.

- Recurring PAT may decline 1.7% YoY to Rs312mn.

- Key factors to watch: i) Traction on naukri.com for both IT and non-IT clients, ii) traction / margins in non-recruitment portals and iii) utilisation of huge cash surplus / investment in investee companies.

Source : Equity Bulls

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