Info Edge (India) Limited
13,992words
1turns
0analyst exchanges
3executives
Management on call
Sanjeev Bikhchandani
- VICE CHAIRMAN, INFO EDGE
Hitesh Oberoi
- MANAGING DIRECTOR & CHIEF
Chintan Thakkar
CHIEF FINANCIAL OFFICER, INFO
Key numbers — 40 extracted
INR542.9 crore
31.4%
INR1067
45%
INR531.8
crore
46.7%
INR1039.5 crore
50.5%
INR539.5
INR549.5 crore
INR347.8 crore
38.2%
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Guidance — 20 items
Questions and Answers
opening
“So if we could just help us understand better what's happening in that segment and how should we think about this segment going forward, especially that we are investing a lot more for brokers now.”
Questions and Answers
opening
“How will things shape up going forward will, to a large extent depend on how well we execute on the ground, number one.”
Questions and Answers
opening
“But after a long time it looks like, you know, there is a buoyancy in the market and that should be good news in the medium term at least.”
Questions and Answers
opening
“And therefore I suspect, you know, growth in IT hiring will moderate going forward.”
Questions and Answers
opening
“So how should we think about that going forward?”
Questions and Answers
opening
“So again, very, you know, early days, too early for me to comment on how this IT hiring will sort of shape up going forward.”
Questions and Answers
opening
“And my second question was on Coding Ninjas investment plans there, how should we think about that going forward from both cash bank perspective?”
Questions and Answers
opening
“And the idea is to sort of deeply integrate with Naukri going forward.”
Questions and Answers
opening
“And if the numbers continue to trend in the right direction, then losses in the matrimony business going forward will be much lower than what losses were in Q3 and Q4 of last year.”
Questions and Answers
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“And therefore, what we will do is integrate the Coding Ninjas offerings with our Naukri platform more and more going forward.”
Risks & concerns — 15 flagged
You know, they're not under as much pressure as they were earlier at least some of them.
— Questions and Answers
But should that essentially lead to a decline in user base for us?
— Questions and Answers
Because as far as we are concerned, we're not seeing any decline in unique customer, quarter-on-quarter or year on year?
— Questions and Answers
It's a sequential decline on the unique customer side.
— Questions and Answers
So would a sharp decline in attrition rate meaningfully weigh on the volumes right now?
— Questions and Answers
And is there a possibility that we might be looking at a potential decline in billing for recruitment if this were to play out, let's say, attrition declines by say 5% industry-wide, would this meaningfully result in a sharp cut in the billing?
— Questions and Answers
We don't know for sure whether there is slightly, I mean, there is a fall in attrition, but how much a attrition fall by is hard for me to say whether attrition fall for one quarter or whether this will be a sustained slowdown unclear at this point in time, have companies over-hired a lot to depend on that also, right?
— Questions and Answers
In the past, we have also seen that whenever there is a slowdown or a recession in the U.S., the Indian IT industry gets hit for a quarter or 2.
— Questions and Answers
So early days, it's very difficult for me to say how it's going to play out.
— Questions and Answers
We don't expect the kind of wage pressure we saw in the last 1 or 2 years to continue going forward because we're seeing a slowdown in our attrition also unless things change again on that front.
— Questions and Answers
Like if there is a decline in a number of unique clients, how would this number trend basically, your realizations, how would they trend going ahead, assuming that there is a slowdown in IT?
— Questions and Answers
Swapnil: And will that addition slowdown in case your billings also slow down?
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And so there will be pressure on margin also Hitesh Oberoi: Will depend on what kind of opportunity you see in these verticals.
— Questions and Answers
But overall, we are sensing that there's a slowdown in IT hiring.
— Questions and Answers
Attrition also results in each pressure and then there's rate pressure and also results in a lot of noise inside the company because the business people want to service customers and they want people onboarded quickly.
— Questions and Answers
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Speaking time
1
Opening remarks
Questions and Answers
Operator: Thanks Hitesh. We'll now begin the Q&A session. Anyone who wishes to ask a question may raise your hand on the screen. We’ll take your name and announce your turn in the question queue. The first question is from Deep from B&K. You can go ahead and ask question Deep. Deep: Yeah, hi. Thanks for the opportunity. So Hitesh, first question is actually around 99acres. So what we've seen is there is a mixed trend there. Billings have only grown 11% at the same time our losses have remained. So if we could just help us understand better what's happening in that segment and how should we think about this segment going forward, especially that we are investing a lot more for brokers now. How should we think about 99acres as a whole? Hitesh Oberoi: What we are seeing in the market is that the real estate segment is back, property prices going up, more real estates have been bought and sold than was a case earlier. The real estate market was in doldrums for many years, but it's now sort
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