1508.10
-0.55%
Motilal Oswal
Broad-based revenue growth in standalone business: 1QFY20 standalone revenue was INR3.1b (in-line), +6.9% QoQ/20.5% YoY. Recruitment revenues grew 19.2% YoY (v/s 18.4% YoY in 4QFY19). 99acres.com grew 34.7% YoY (v/s 45.8% in 4QFY19). On a consolidated level, revenue grew 15.4% YoY to INR3.2b and EBIT grew 16.4% YoY to INR1.1b. Cons. net losses increased 754% YoY to INR 1.9b, led by higher losses in investee companies. Consolidated performance share of net losses of JVs ballooned to INR2.5b (v/s INR0.9b in 1QFY19; profit of INR0.9b in 4QFY19), which was INR3.1b for...
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