Latest news with #InfoEdge(India
Business Upturn
07-07-2025
- Business
- Business Upturn
Info Edge posts 11% YoY growth in standalone billings to Rs 644 crore in Q1FY26
By Aditya Bhagchandani Published on July 7, 2025, 10:38 IST On Monday, 7th July, Info Edge (India) Limited reported a standalone billing of ₹644.2 crore for the quarter ended June 30, 2025, marking an 11.2% year-on-year (YoY) growth from ₹579.4 crore in the same quarter last year. The company shared segment-wise provisional figures for the quarter ahead of its official financial results, which remain subject to audit and board approval. Info Edge's Recruitment Solutions segment contributed the largest share, with billings rising to ₹470.3 crore in Q1FY26, up from ₹431.4 crore in Q1FY25. Its real estate platform, 99acres, posted billings of ₹94.4 crore, compared to ₹81 crore in the year-ago quarter. The Other businesses segment saw billings climb to ₹79.5 crore from ₹67 crore previously. The Noida-headquartered company clarified that the figures are unaudited and will be reviewed by the Audit Committee, Board of Directors, and Statutory Auditors as part of its final results announcement. Info Edge operates some of India's largest digital platforms, including and across recruitment, real estate, matrimony, and education verticals. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
India Today
07-05-2025
- Business
- India Today
Explained: Why Info Edge shares look like they've crashed 80% today
Shares of Info Edge (India) Ltd, the parent of appeared to plunge nearly 80 per cent on some trading platforms Wednesday — but the steep drop is merely a technical adjustment following the company's stock split. Info Edge shares traded ex-split today after the company carried out a 1:5 stock split, its first since its 2006 listing. As a result, each share with a face value of Rs 10 has been subdivided into five shares of Rs 2 each. Investors holding shares as of the May 6 record date are eligible for this corporate action. With the split in effect, the stock price has been adjusted proportionally on the exchanges. The stock opened at Rs 1,390.15, sharply lower than Tuesday's close of Rs 6,985.45, reflecting the adjusted valuation. It later slipped to Rs 1,379, down 1.3 per cent from the adjusted open. Despite the marginal decline, the stock might still appear down 80 per cent on certain apps that haven't factored in the split yet. Info Edge said the split was designed to increase affordability and liquidity for retail investors. "We are grateful for the trust and confidence you have reposed in Info Edge," the company said in a note to shareholders. "Shareholders play a crucial role in the company's journey." Highlighting its evolution, the company noted that early-stage tech investments — which began in 2007 — now account for 30–40 per cent of Info Edge's value, second only to the Naukri job portal. Brokerages remain optimistic. Kotak Institutional Equities has an 'Add' rating with a post-split target of Rs 1,660, expecting 14 per cent YoY growth in Naukri and 15 per cent in 99acres. Nuvama Institutional Equities expects 13.6 per cent overall revenue growth, driven by non-recruitment business, and has a 'Buy' rating with a target of Rs 1,820.
