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The stability in the Naukri JobSpeak Index in the last three months, driven largely by the
improvement in hiring in the IT sector (which is at pre-recession levels) should result in 24% YoY
and 5.7% QoQ growth in revenues.
We expect margins to stay put on a QoQ basis at 31%, with a jump of 404bps on YoY basis on
back high revenue growth and fixed cost model.
We expect PAT to grow by 20.6% YoY and a mere 2.7% QoQ on the back of lower other income,
due to decreasing yields.
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