Sharekhan's research report on Info Edge India
Standalone revenue stood at Rs. 687 crore, up 13% y-o-y, in-line with our estimate of Rs. 692 crore. EBITDA margin 540 bps q-o-q/290 bps y-o-y to 37.7% missing our estimates of 42.6%. Management expects sustained growth if hiring environment remains modest and is focusing on market share gains, AI-driven innovation, and expansion in Tier 2/3 cities and non-IT sectors.
Outlook
We maintain BUY on Info Edge with SOTP-based revised PT of Rs. 1,680. At CMP, the stock trades at 70.3x FY27E EPS and 59.4x FY27E EV/EBITDA.
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