Despite years of investments in other businesses, Info Edge India is still mostly a one tricky pony: a majority of its revenues still come from its recruitment solutions business: The other verticals are loss making, have been so, since Info Edge IPO'ed in 2007, and are perpetually in "investment mode". Info Edge's dependency on IT Services / ITES is high. In Q3-FY08, IT/ITES accounted for 30% of Naukri.com revenues. 7 years later, it still accounts for 28%, and after a low of 25% in Q2-FY09, has been increasing. The last three years: With layoffs taking place in the IT sector, Info Edge might be adversely impacted. 99Acres is the business the company is banking on, to bring the next level of growth, apart from its investment in Zomato. In FY09, Info Edge decided to push for monetization of 99Acres, and subsequently, a majority of listings on 99Acres are paid. The number of paid listings per transactions has remained stable, which indicates that brokers are buying more listings per transaction. Jeevansathi is...still there, but barely. Info Edge might as well sell it off to Bharatmatrimony or Shaadi (whichever of them is number two in the market). Company financials Q3 is typically the weakest quarter of the year for the company, but it has consistently shown growth, year on year. On the advertising front, Info Edge maintains advertising expenses at between 17-22% of expenditure each quarter. Advertising expenses peaked this quarter (Q3-FY15), at Rs 23.07 crore. Employee expenditure has remained consistently between…
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