{"id":130528,"date":"2022-06-07T08:08:40","date_gmt":"2022-06-07T12:08:40","guid":{"rendered":"https:\/\/44.250.171.167\/?p=130528"},"modified":"2022-10-06T04:26:16","modified_gmt":"2022-10-06T08:26:16","slug":"info-edge-india-limited-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/info-edge-india-limited-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"Info Edge (India) Limited Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"INFO EDGE INDIA LTD Q4 FY22 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/8r_99__eMzs?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Info Edge (India) Limited (<a href=\"https:\/\/44.250.171.167\/symbol\/NAUKRI\/\">NAUKRI<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Vivekanand Subbaraman from Ambit Capital asked about NAUKRI\u2019s watchful stance on US recession. Hitesh Oberoi MD said NAUKRI is not forecasting US recession. NAUKRI is not seeing any slowdown as yet in the market. 4Q22 was the best quarter ever for the company in the last 15 years.<\/li>\n<\/ul>\n<ul>\n<li>Vivekanand Subbaraman from Ambit Capital asked about NAUKRI\u2019s best guess of the proportion of IT hiring that happens through Naukri.com, and the trend in the last few years. Hitesh Oberoi MD said it\u2019s different for different companies. Services companies end up doing at least 30-40% of their lateral hiring through NAUKRI. For product companies it may be 25-30%. On average for the industry as a whole it would be 35-40%.<\/li>\n<\/ul>\n<ul>\n<li>Pranav Kshatriya from Edelweiss asked about the slowdown in hiring in the startup world. Hitesh Oberoi MD replied that if the slowdown is only in startup hiring, it is a positive for NAUKRI, as it doesn\u2019t make a lot of revenue from startups. However, NAUKRI lose a lot of people to startups and big tech companies. But if the slowdown is in the IT services, product companies, back offices, and tech centers it might hurt NAUKRI.<\/li>\n<\/ul>\n<ul>\n<li>Pranav Kshatriya with Edelweiss asked about the philosophy on the investment in the listed space. Chintan Thakkar CFO said that talking about Zomato and Policybazaar, as long as there is enough growth left in the companies, and NAUKRI doesn\u2019t have a competing use for the cash, there may be substantial value to be built by staying on with these companies.<\/li>\n<\/ul>\n<ul>\n<li>Vijit Jain of Citi enquired on A&amp;P spend outlook into FY23. Hitesh Oberoi MD replied that NAUKRI looks at advertising and marketing expenses quarter by quarter. For sure, Jeevansathi high ad spend will continue. 99acres also, NAUKRI is likely to spend more money than last year. And in Naukri, the company may spend a little more as it\u2019s growing well.<\/li>\n<\/ul>\n<ul>\n<li>Vijit Jain of Citi also asked about any views on NAUKRI\u2019s own hiring for its own team in FY23. Hitesh Oberoi MD said NAUKRI will continue to hire in its newer verticals, which are small, but likely to grow in the long run. In regular verticals, NAUKRI may hire a few people more in functions like sales, operations, customer service, as business grows.<\/li>\n<\/ul>\n<ul>\n<li>Geeth Vaz from Lagori asked about Shiksha, the percentage of penetration from free and paid listings. Hitesh Oberoi MD replied penetration levels are very low. Shiksha has around 40,000 or more on its platform of which most of the revenue comes from 700, 800 colleges and universities. A lot of government colleges are also listed, but they are unlikely to pay ever.<\/li>\n<\/ul>\n<ul>\n<li>Geeth Vaz from Lagori asked about the breakup between agency hiring and direct hiring on the platform right now from Naukri. Hitesh Oberoi MD said the latest numbers are not in hand, but it used to be around 25% of its revenue.<\/li>\n<\/ul>\n<ul>\n<li>Mohit Motwani from Edelweiss enquired about the reason for paid listings in 99acres coming down in the last 2 quarters, while billings significantly increasing. Hitesh Oberoi answered that billings have gone up because NAUKRI has upped its price and cut discounts. And NAUKRI\u2019s response has also gone up over the last few months.<\/li>\n<\/ul>\n<ul>\n<li>Mohit Motwani from Edelweiss asked about the future of the matrimony space, if NAUKRI is expecting more paid profiles. Hitesh Oberoi said the company has done badly in the matrimony space for the last few years because it is the number 3 player nationally, with only 15% market share.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Info Edge (India) Limited (NAUKRI) Q4 FY22 Earnings Concall Q&amp;A Highlights: Vivekanand Subbaraman from Ambit Capital asked about NAUKRI\u2019s watchful stance on US recession. Hitesh Oberoi MD said NAUKRI is not forecasting US recession. NAUKRI is not seeing any slowdown as yet in the market. 4Q22 was the best quarter ever for [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,12],"tags":[8582],"class_list":["post-130528","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-other-industries","tag-employment-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":130438,"url":"https:\/\/alphastreet.com\/india\/info-edge-india-ltd-naukri-q4-fy22-earnings-concall-transcript\/","url_meta":{"origin":130528,"position":0},"title":"Info Edge (India) Ltd (NAUKRI) Q4 FY22 Earnings Concall Transcript","author":"Staff Correspondent","date":"June 1, 2022","format":false,"excerpt":"Info Edge (India) Ltd (NSE: NAUKRI) Q4 FY22 Earnings Concall dated May 30, 2022 Corporate Participants: Vivek Aggarwal\u00a0--\u00a0Senior Vice President, Finance Hitesh Oberoi\u00a0--\u00a0Managing Director and Chief Executive Officer Anand Prakash Bansal\u00a0--\u00a0Senior Vice President, Administration & Facilities Chintan Arvind Thakkar\u00a0--\u00a0Chief Financial Officer Sanjeev Bikhchandani\u00a0--\u00a0Founder and Executive Vice Chairman Analysts: Vivekanand Subbaraman\u00a0--\u00a0Ambit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"stock earnings conference call 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(NAUKRI) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"August 12, 2022","format":false,"excerpt":"Info Edge (India) Ltd (NSE:NAUKRI) Q1 FY23 Earnings Concall dated Aug. 12, 2022 Corporate Participants: Hitesh Oberoi\u00a0--\u00a0Co-Promoter and Managing Director Sanjeev Bikhchandani\u00a0--\u00a0Founder and Executive Vice Chairman Unidentified Speaker\u00a0-- Analysts: Vivekanand Subbaraman\u00a0--\u00a0Ambit Capital -- Analyst Unidentified Participant\u00a0--\u00a0-- Analyst Mohit Motwani\u00a0--\u00a0Edelweiss Financial Services Limited -- Analyst Srinath Vasan\u00a0--\u00a0Bellwether Capital -- Analyst Aditya\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call 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