Info Edge (India) Q3 Update and Stock Performance

Stock Performance:

• Info Edge shares saw a 5% decline in Tuesday’s trade, reaching an intraday low of Rs 8,362 per share on BSE.
• At 10:07 AM, the stock was trading at Rs 8,479.7, down 3.74%, while the BSE Sensex was up by 0.02% at 77,978.73.
• Market Capitalization: The company’s market cap stood at Rs 1,09,721.47 crore.
• 52-week Range: The stock’s 52-week high was Rs 9,194.95 and the low was Rs 4,868.5.

Q3 FY25 Business Update:

• Standalone Billings: Info Edge reported a 15.8% YoY growth in standalone billings for Q3 FY25, reaching Rs 668.3 crore compared to Rs 576.9 crore in Q3 FY24.
  • Recruitment Solutions: 15.17% YoY growth, with revenue of Rs 494 crore (up from Rs 428.9 crore last year).
  • 99acres: 16% YoY growth, revenue of Rs 102.6 crore (up from Rs 88.4 crore).
  • Other Segments: 20% YoY growth, with revenue of Rs 71.7 crore (up from Rs 59.6 crore).

Previous Quarter (Q2 FY25) Performance:

• Standalone Revenue: Grew by 10.6% YoY, beating consensus expectations.
  • 99acres: +16.9% YoY.
  • Jeevansathi: +33% YoY.
  • Recruitment: +8.5% YoY.
• Operating Profit: +13.8% YoY to Rs 274 crore, with a margin expansion of 117 basis points to 41.8%.
• Profit Before Tax (PBT): Increased by 14.8% YoY to Rs 2.51 crore.

Company Overview:

• Info Edge, established in 1995, is best known for Naukri.com, a leading online recruitment platform. The company has expanded into several other online businesses, including:
  • 99acres (real estate),
  • Jeevansathi (matrimony),
  • Zomato, Policybazaar, Shiksha, Canvera, and other investments in various sectors like education and technology.

Recent Performance and Outlook:

• 1-year Stock Performance: Info Edge has seen a 67.7% rise in its stock price over the past year, significantly outperforming the Sensex, which rose by 8.2% during the same period.

Key Takeaways:

• Info Edge posted strong revenue growth in key business segments, particularly in recruitment and real estate.
• Despite the positive performance, the stock faced some selling pressure, possibly due to market expectations or profit-taking.
• The company continues to diversify its portfolio, with strong growth from its digital platforms and investments in high-growth sectors like food delivery and online insurance.