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Info Edge

Centrum Broking
Q3FY18 result highlights: Revenue was up 22.1% YoY to Rs2272mn on the back of healthy 20.4%YoY revenue growth in core recruitment business and 31% YoY growth in 99acres. Operating profit was up 68% YoY (6% below expectation) on the back of low single digit growth in employee cost and admin cost. A&P; spends was up 39% YoY on higher marketing for 99acres and jeevansaathi. Adj PAT was up 49% to Rs703mn on healthy operating profit. Slowdown in IT sector could hurt recruitment business: Billing growth in the recruitment business was mere 13.2% despite revenue growth of 20% as the...
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