Info Edge (India) Limited (Info Edge) delivered a mixed set of results in Q1FY2020, with a strong growth in revenues and below-than-expected performance in profitability. Reported financials are not comparable on account of the switch to IndAS-116 (new accounting standards). For comparison, we have adjusted numbers only for IndAS-116. Strong revenue growth of 20.5% y-o-y was led by revenue growth of 19.2% y-o-y and 34.7% y-o-y in recruitment and 99acres respectively. Overall, billings increased by 18.7% y-o-y to Rs. 336.3 crore, led by higher...