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Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Inc42 · 1y ago

Info Edge Shares Zoom 9.8% To 52-Week High On Strong Q4 Performance Update

Info Edge, the parent company of popular platforms like Naukri.com and 99acres.com, has witnessed a strong performance in Q4 and fiscal year 2023-24. The standalone billings for Info Edge grew by 5.48% YoY to reach INR 2,495.9 crore in FY24. The recruitment solutions vertical, including Naukri and iimjobs, recorded standalone billings of INR 1,883.2 crore, while 99acres saw a surge of 23.5% to reach INR 385.1 crore. Analysts believe that the recovery in Naukri billings indicates a potential bottoming-out of IT hiring, and Info Edge is expected to report 15% YoY billings growth in FY25.

Related News

Daily Indian Funding Roundup and Key News: 4 August 2025

StartupTalky

StartupTalky · 4d ago

Daily Indian Funding Roundup and Key News: 4 August 2025

On August 4, 2025, cyber resilience startup Mitigata secured $5.9 million in Series A funding led by Nexus Venture Partners. Dhruva Space announced its first commercial satellite launch with SpaceX, while Swiggy launched DeskEats, catering to office-goers in 30 Indian cities. Additionally, Delhivery's shares reached a 52-week high due to strong Q1 performance, and Vietnamese EV maker VinFast began production in India, planning local sourcing and future exports.

Zomato shares rally 8% to cross Rs 100 mark, hit 52-week high

Economic Times

Economic Times · 2y ago

Zomato shares rally 8% to cross Rs 100 mark, hit 52-week high

Zomato's shares surged by 8% to cross the ₹100 mark, reaching a 52-week high. The rally comes as the food delivery and restaurant discovery platform continues to attract investor confidence. Zomato's stock performance reflects positive market sentiment and indicates growing investor optimism about the company's growth prospects in the competitive tech startup landscape.

PB Fintech shares touch all time high

Inc42 · 1y ago

PB Fintech shares touch all time high

Shares of PB Fintech surged 10.6% to touch a record high at ₹1,544.15 during the intraday trading on the BSE on Monday (July 1). The shares of the parent entity of insurtech major PolicyBazaar have been on an uptrend since last week. On June 27, PB Fintech shares touched a 52-week high at ₹1,415 on the BSE.

Yatra Shares Hit An All-Time Low At INR 119.50

Inc42 · 10m ago

Yatra Shares Hit An All-Time Low At INR 119.50

- Stock hits fresh 52-week low. - Stock recovers slightly, trading 1.28% up at INR 123. - Yatra's market capitalization stands at INR 1,930.07 Cr ($229.8 Mn). - 1.52 Lakh shares traded on the bourses. - Stock performance fluctuates throughout the day.

Nyka’s Harindarpal Singh Banga To Offload 1.4% Stake

Inc42 · 11m ago

Nyka’s Harindarpal Singh Banga To Offload 1.4% Stake

Harindarpal Singh Banga, the founder and CEO of The Caravel Group, is planning to sell his shares in Nykaa at a floor price of INR 198 per share. Banga currently holds 18.28 Crore shares, equivalent to a 6.4% stake in Nykaa. This comes as Nykaa's shares reached a new 52-week high of INR 228.5 on the BSE earlier this week.

Zomato Gains Over 4% To Touch New 52-Week High

Inc42 · 1y ago

Zomato Gains Over 4% To Touch New 52-Week High

Zomato shares surged over 4% to reach a new 52-week high, following strong Q3 earnings. The company's consolidated profit after tax almost quadrupled, driven by growth in its quick commerce business. Zomato's food delivery business saw a 6.3% sequential growth in gross order value, while its Hyperpure vertical experienced over 2x YoY revenue growth. Brokerages such as Jefferies, Nuvama, HSBC, and Kotak have also increased their price targets on Zomato.

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Entrackr

Entrackr · 6h ago

Info Edge posts Rs 791 Cr revenue in Q1 FY26; profit surges 32%

Info Edge, the parent company of Naukri and 99acres, reported a 17% growth in operating revenue in the first quarter of the ongoing fiscal year (Q1 FY26), while its profit increased by 32%. The Noida-based company’s operating revenue rose to Rs 791 crore in Q1 FY26 from Rs 677 crore in Q1 FY25, according to documents sourced from the National Stock Exchange (NSE). On a quarter-on-quarter basis, Info Edge’s operating revenue rose 5.5% to Rs 791 crore in Q1 FY26 from Rs 750 crore in Q4 FY25. Info Edge derives the majority of its revenue from Naukri.com, which contributed Rs 562 crore in the quarter ending June 2025, a 15% year-on-year growth compared to Q1 FY25. Meanwhile, revenue from 99acres reached Rs 111 crore, while Jeevansathi and Shiksha contributed Rs 34 crore and Rs 50 crore, respectively, during the same quarter. The company added another Rs 213 crore from interest on deposits and investment which pushed its overall revenue to Rs 1,004 crore in Q1 FY26. On the expense side, Info Edge spent 58% of its overall expenditure on employee benefits, which increased 12% year-on-year to Rs 327 crore in Q1 FY26. Its advertising and internet costs stood at Rs 127 crore and Rs 22 crore, respectively. The company’s overall cost grew 16% YoY to Rs 564 crore in Q1 FY26 from Rs 485 crore in Q1 FY25. Info Edge’s profit grew by 32% to Rs 343 crore in Q1 FY26, compared to Rs 259 crore in Q1 FY25. Its EBITDA stood at Rs 468 crore in the same period. As of 2:22 PM (Friday, August 8), Info Edge is trading at Rs 1,333.5, down 2% from today’s opening price. The firm’s market capitalization stands at Rs 86,277 crore ($9.8 billion).

Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High

Inc42 · 1y ago

Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High

Shares of foodtech major Zomato jumped over 6% to touch a fresh 52-week high on the BSE following its strong Q3 FY24 earnings. The company reported its third straight profitable quarter, with consolidated profit after tax (PAT) nearly quadrupling to INR 138 crore. Zomato's quick commerce business, Blinkit, witnessed a strong growth momentum, contributing to its overall profitability. Various brokerages, including Jefferies, HSBC, and Kotak, have increased their price targets on Zomato, reflecting positive sentiment. The stock has already gained 25% year to date.

Swiggy shares surge 11.35% to reach an all-time high

Inshorts · 8m ago

Swiggy shares surge 11.35% to reach an all-time high

Shares of Swiggy surged to 11.35% during the intraday trading session on (December 5) to reach an all-time high at ₹576.95 on the BSE. This marks the fresh 52-week high for the stock. The company market capitalisation stood at ₹1,26,472 crore by 11:30 pm and as many as 26.6 crore Swiggy shares traded hands by then.

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Indian new-age tech stocks experienced a mixed performance this week, with some stocks declining while others registered gains. Among the losers were Yudiz, PB Fintech, Nazara Technologies, Delhivery, Paytm, and RateGain. On the other hand, DroneAcharya emerged as the biggest gainer, followed by Nykaa, Zomato, ideaForge, and EaseMyTrip. The broader market saw a positive trend, with benchmark index Nifty 50 gaining 1.88% and Sensex rallying 1.86%. Paytm shares fell 2.3%, while Zomato continued its rally, touching another 52-week high. DroneAcharya gained 14.5% after launching the BHUJANG drone.

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