Q4FY21 Result Update - Info Edge (India) - ICICI Direct

InfoEdge's Q4FY21 numbers were below our estimates. However, the company has seen improving billing growth both on a YoY and QoQ basis. Billing increased 25.1% YoY, 39.8% QoQ to Rs. 415.3 crore, mainly led by 26% YoY growth in recruitment and 41.5% YoY growth in 99 acres billing. As compared to Q4FY19 (a pre-pandemic quarter), overall billing was up 15.0%. Overall revenues on a QoQ basis increased 6.5% QoQ. EBITDA margins declined from 29.9% in Q4FY20 to 18.3% (below our estimate of 29.6%) mainly led by wage hike, one-time incentive and higher other expenses.

For details, click on the link below: Link to the report

Shares of INFO EDGE (INDIA) LTD. was last trading in BSE at Rs.4867.25 as compared to the previous close of Rs. 4978. The total number of shares traded during the day was 53224 in over 9595 trades.

The stock hit an intraday high of Rs. 4970 and intraday low of 4851. The net turnover during the day was Rs. 260862959.

Source : Equity Bulls

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