Info Edge Q4FY21 Results Preview – Expect strong show from company on Monday; Should you BUY this stock? Sandeep Jain tells this

Info Edge Q4FY21 Results Preview – Online classifieds company Info Edge (India) Limited will be announcing its Q4FY21 results on Monday. What should the investors of this stock expect about the quarterly results? Should new investors buy it? Zee Business Research Analyst Ashish Chaturvedi has this exclusive report about the likely results with experts take on this stock.

The Info Edge Stocks ended at Rs 4999 on the NSE on Friday, up 0.8 per cent from the last closing price on Thursday.

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Chaturvedi said that the results are likely to be good for the quarter ended 31 March 2021. He said that the quarter-on-quarter net profit is expected to go up 7 per cent to 75 cr. The income is expected to be around Rs 295 cr. This will be up by almost 8.5 per cent from the Q3FY21 income at Rs 272 cr, he added.

He said that naukri.com and 99acres.com are expected to show strong performance in the March quarter of 2021, he said.

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The operating efficiency of Info Edge is likely to reflect in its margins, he further said. The margins are expected to go up to 27 per cent in the reporting quarter as against 25 per cent in the previous quarter.

The EBITDA is expected to go up by 18 per cent at Rs 80 cr, he said.

All-in-all, the quarterly earnings results are expected to be good, Chaturvedi said.

Market Expert Sandeep Jain also gave his view on the Info Edge Stocks. He said that the company has good verticals, from which its earns its revenues from. But, the stocks still looked expensive to Jain. He however said that the results are expected to be good in this quarter.

He said that people who are having this stock in their portfolio should continue holding it. He said that he is not too bullish on this stock and the stock derived its strength from some of its high valued businesses.

He said that only those investors with a long term view were in a better position to have it as the valuations were high.