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Motilal Oswal Report
Info Edge India Ltd. reported an in-line operating performance in Q2 FY22, with standalone revenue growth of 37% YoY (estimate of up 35%), the Ebitda margin at 30.2% (estimate of 30.1%), and adjusted profit after tax growth of 98% YoY (estimate of 101% YoY).
Info Edge's Q2 billings stood at Rs 4.02 billion, up 67% YoY and up 28% QoQ. Billing growth was led by recruitment solutions (73.9%), 99acres (45.9%), and Shiksha (74.7%).
The Naukri business is expected to grow exceptionally well on account of robust hiring demand across the board, driven by both IT and non-IT.
The real estate market is seeing decade-high demand momentum, and the revenue growth rate is expected to be strong
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