The company's shares jumped to Rs 1,217.80 apiece on the NSE on Wednesday, the highest level seen by the stock in around five months. The sharp gains over the two sessions added more than Rs 12,456 crore to the company’s market capitalisation, pulling it up to nearly Rs 78,740 crore.
Info Edge Q1 business update
Info Edge on Tuesday reported that its standalone billings stood at Rs 737 crore for the April-June quarter of the ongoing financial year 2027, marking a 14% year-on-year (YoY) increase from Rs 644.2 crore reported in the corresponding quarter of the previous financial year.Segment wise, its recruitment solutions category recorded a nearly 18% YoY rise in billings to Rs 553 crore, while 99acres posted a 17% YoY rise to Rs 110 crore during the quarter under review. Jeevansathi and Shiksha meanwhile posted a 14% YoY rise and a 23% YoY fall in billings to Rs 40 crore and Rs 35 crore, respectively.
Also Read | Info Edge shares surge after Q1FY27 billings rise 14% YoY
Nomura on Info Edge
Nomura in its note highlighted that Naukri’s nearly 18% YoY growth in billings was much higher than its expectations of a 10% rise. This came after a 10.8%, 11% and 9.5% YoY growth in billings in Q2, Q3 and Q4, respectively, of the financial year 2026.The 17% YoY growth in 99acres’ billings also beat Nomura’s expectation of a 14% YoY growth. The overall 14% surge in billings was higher than the international brokerage’s estimate of 10% growth.
“Naukri billing growth in Q1 FY27 improved its trend seen in FY26 and specifically Q4 FY26. We think premium hiring (jobs in niche skills with higher pays especially in tech) with higher ARPUs and a renewed focus on consumer business (new AI-led offerings including resume maker, mock interviews and jobseeker agents) may have led to this strong growth despite a possible weakness in the Middle East market due to the ongoing conflict,” Nomura said.
Nomura maintained its ‘Buy’ rating on the shares of Info Edge with a target price of Rs 1,320 apiece, implying an upside potential of nearly 14% from the stock’s previous closing price of Rs 1,159.45 apiece on NSE.
Goldman Sachs on Info Edge
Goldman Sachs also maintained its ‘Buy’ rating on the shares of Info Edge, but increased its target price to Rs 1,400 apiece, implying an upside potential of nearly 21%.It increased FY27-29 revenue estimates by up to 3%, and net income estimates by up to 4%, ET Now reported. Goldman sees sustained mid-teens billings growth as a re-rating catalyst.
Meanwhile, Citi upgraded its rating on the stock to ‘Buy’ from ‘Sell’, and increased its target price to Rs 1,400 apiece.
Also Read | Info Edge to acquire edtech platform Coding Ninjas
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
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