Few updates from the latest Press Release and IP
- Operating revenues have been on an impressive uptrend since last 5 qtrs.
- All user engagement metrics that mgmt shares (like qtrly unique visitors, user engagement, active listings, app downloads etc ) have been on a moderate uptrend for nearly similar quarters.
- Cash balance have gone up by 246.7 cr. YoY to 4066.8 cr.
- Revamped site looks sleek. I was thinking, JD business will lose relevance in the current times. But good to see that mgmt. is trying to keep it relevant and numbers seems to suggest, that they haven’t fallen off the radar of users.
- New initiatives, like JDMart (competitor of indiamart), JDExpert (competitor of urban company etc…) have taken shape. Company was on a hiring mode for last few qtrs, which has resulted in increased employee expense.
Disc: Have a trading (PEAD) position.
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