Growth in Naukri to improve marginally in H2FY14: Info Edge

Written By Unknown on Jumat, 13 Desember 2013 | 15.45

Dec 13, 2013, 01.48 PM IST

Info Edge also owns job portal naukri.com and has seen a slight improvement in naukri's performance in the last few months.

Tags  Info Edge, Hitesh Oberoi, job portal, start-up, 99acres.com, naukri

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Growth in Naukri to improve marginally in H2FY14: Info Edge

Info Edge also owns job portal naukri.com and has seen a slight improvement in naukri's performance in the last few months.

Like this story, share it with millions of investors on M3

Growth in Naukri to improve marginally in H2FY14: Info Edge

Info Edge also owns job portal naukri.com and has seen a slight improvement in naukri's performance in the last few months.

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The valuation of Meritnation is not very high

Hitesh Oberoi

CEO & MD

Info Edge

Internet company Info Edge recently invested another Rs 10 crore in Meritnation.com, an online education and assessment service. With this round of funding Meritnation.com has received a total of Rs 71.5 crore from Info Edge for a 55.81 percent stake.

Speaking to CNBC-TV18 about thae latest happenings in the company and the road ahead, MD & CEO Hitesh Oberoi said that more than Rs 60 crore has been invested in Meritnation.com and as of now it has no plans to make big investment in any other start-up.  Info Edge had invested Rs 30 crore in the company in February this year.

Info Edge also owns job portal naukri.com and has seen a slight improvement in naukri's performance in the last few months. Going ahead, he expects growth in naukri to improve marginally in the second half of this financial year.

Meanwhile, its real estate portal 99acres.com, which contributes 15-17 percent to total revenues, has been consistently growing 50 percent in last two years.

Shares of Info Edge have soared 50 percent in the last three months and 30 percent on year-to-date basis.

Also Read: Info Edge eyes realty sector growth to sustain 17% margins

Transcript to follow shortly...


Info Edge stock price

On December 13, 2013, at 14:13 hrs Info Edge India was quoting at Rs 448.20, down Rs 5.35, or 1.18 percent. The 52-week high of the share was Rs 484.00 and the 52-week low was Rs 285.00.


The company's trailing 12-month (TTM) EPS was at Rs 9.14 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 49.04. The latest book value of the company is Rs 60.95 per share. At current value, the price-to-book value of the company is 7.35.


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