India covid-19 2020 economy bill India

Info Edge weathers covid-19 stress, but the coming year is a worry

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₹136 crore, as compared to about ₹147 crore in Q3, noted analysts.While the company seems to have pulled through for now, the coming quarters remain a worry.

Already, the signs of economic stress on the company are showing. Some collections were impacted in Q4 as the job market dipped during the lockdown. “For April 2020, collections plunged 54%, indicating billing of ₹40 crore as against a monthly average of about ₹100 crore," said analysts at Motilal Oswal Financial Services in a note to clients.A capital raising plan of about ₹1,875 crores is underway and should keep the books buffered with cash to tide over the slowdown or to make investments.

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