Latest news with #InfoEdge
Business Standard
2 days ago
- Business
- Business Standard
Info Edge climbs as Eternal soars after Q1 numbers
Info Edge (India) rose 3.62% to Rs Rs 1453.40, buoyed by the stellar first-quarter results from Eternal, in which it holds an equity stake. Eternal, the parent company of Zomato, Blinkit, District, and Hyperpure, saw its stock surge 11.65% to Rs 302.80 following a strong performance from its quick commerce arm, Blinkit, which for the first time surpassed the traditional food delivery segment in revenue. Info Edge, which held a 12.38% stake in Eternal as of June 2025, saw its shares benefit sharply from Eternal's rally. Eternal's shares hit a record intraday high of Rs 311.60 today, with analysts noting the strong rub-off effect on Info Edges share price Eternal's quick commerce segment (Blinkit) Q1 revenue stood at Rs 2,400 crore (+155% YoY), surpassing the food ordering and delivery segment revenue of Rs 2,261 crore (+16.43% YoY). Eternal reported a 90.12% decline in consolidated net profit to Rs 25 crore on a 70.4% jump in revenue from operations to Rs 7,167crore in Q1 FY26 over Q1 FY25. Profit before tax (PBT) dropped 63.18% to Rs 88 crore from Rs 239 crore in Q1 FY25. The decline in profit was attributed to continued investments and subsidy expenses aimed at expanding the Blinkit business. Info Edge (India) is India's premier online classifieds company in recruitment, matrimony, real estate, education and related services. The company reported a 667.3% increase in consoldiated net profit to Rs 463.39 crore on 14% rise in revenue from operations to Rs 749.63 crore in Q4 FY25 over Q4 FY24.
Economic Times
2 days ago
- Business
- Economic Times
Info Edge's bet on Eternal now makes up over a third of its market cap
Shares of Info Edge (India) rallied as much as 4.4% on Tuesday to Rs 1,465 on BSE, after the latest earnings-fuelled rally in Eternal, the parent company of Zomato and Blinkit, lifted the value of Info Edge's stake in the firm to more than a third of its own market capitalisation. ADVERTISEMENT Info Edge holds a 12.38% stake, equivalent to 119.46 crore shares, in Eternal, according to the shareholding pattern for the June quarter filed with the BSE. With Eternal shares soaring nearly 15% on Tuesday to a fresh all-time high of Rs 311.60, that holding is now valued at approximately Rs 37,226 crore. In comparison, Info Edge's total market capitalisation stood at Rs 94,184 crore as of Tuesday, July 22 - underscoring the outsized impact of its investment in Eternal on its overall valuation. Info Edge first backed Eternal—then known as Zomato—in August 2010, investing Rs 4.7 crore in its seed round for an 18.5% stake. It remained a significant investor through the years, holding nearly 19% at the time of Zomato's initial public offering in 2021, in which it also surge in Eternal shares followed the company's strong performance in the June quarter, fuelling bullish sentiment among investors. The rally in Eternal lifted sentiment around Info Edge as well, pushing its shares up over 4% in intraday trade. ADVERTISEMENT Despite Tuesday's gains, shares of Info Edge remain down 16% so far in 2025. Eternal, the parent company of Zomato and Blinkit, reported a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26. Net profit stood at Rs 25 crore, down from Rs 253 crore in the same quarter last year. ADVERTISEMENT Despite the profit drop, revenue from operations rose 70% YoY to Rs 7,167 crore, driven by strong performance in the quick commerce and food delivery Goyal, CFO of Zomato, said the decline in profitability was primarily due to continued investments in quick commerce and the going-out vertical. Consolidated adjusted EBITDA fell 42% YoY to Rs 172 crore, although the food delivery EBITDA margin improved to 5.0%, up from 3.9% a year earlier. ADVERTISEMENT The company reported that the net order value (NOV) of its B2C businesses grew 55% YoY and 16% sequentially to Rs 20,183 crore. For the first time, quick commerce NOV surpassed food delivery NOV for an entire quarter. Also read | Eternal share price target goes up to Rs 400! What brokerages said after Q1 results (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times) ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
2 days ago
- Business
- Time of India
Info Edge's bet on Eternal now makes up over a third of its market cap
Shares of Info Edge (India) rallied as much as 4.4% on Tuesday to Rs 1,465 on BSE, after the latest earnings-fuelled rally in Eternal , the parent company of Zomato and Blinkit , lifted the value of Info Edge's stake in the firm to more than a third of its own market capitalisation. Info Edge holds a 12.38% stake, equivalent to 119.46 crore shares, in Eternal , according to the shareholding pattern for the June quarter filed with the BSE. With Eternal shares soaring nearly 15% on Tuesday to a fresh all-time high of Rs 311.60, that holding is now valued at approximately Rs 37,226 crore. Explore courses from Top Institutes in Select a Course Category Product Management Data Science CXO Leadership Others Operations Management Technology healthcare Cybersecurity MBA Healthcare Management Finance others Degree Public Policy Project Management MCA Design Thinking Digital Marketing Data Science Artificial Intelligence PGDM Data Analytics Skills you'll gain: Product Strategy & Competitive Advantage Tactics Product Development Processes & Market Orientations Product Analytics & Data-Driven Decision Making Agile Development, Design Thinking, & Product Leadership Duration: 40 Weeks IIM Kozhikode Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Product Strategy & Roadmapping User-Centric Product Design Agile Product Development Market Analysis & Product Launch Duration: 24 Weeks Indian School of Business Professional Certificate in Product Management Starts on Jun 26, 2024 Get Details Skills you'll gain: Creating Effective Product Roadmap User Research & Translating it to Product Design Key Metrics via Product Analytics Hand-On Projects Using Cutting Edge Tools Duration: 12 Weeks Indian School of Business ISB Product Management Starts on May 14, 2024 Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Join new Free to Play WWII MMO War Thunder War Thunder Play Now Undo In comparison, Info Edge's total market capitalisation stood at Rs 94,184 crore as of Tuesday, July 22 - underscoring the outsized impact of its investment in Eternal on its overall valuation. A seed bet that paid off Info Edge first backed Eternal—then known as Zomato—in August 2010, investing Rs 4.7 crore in its seed round for an 18.5% stake. It remained a significant investor through the years, holding nearly 19% at the time of Zomato's initial public offering in 2021, in which it also participated. Live Events Tuesday's surge in Eternal shares followed the company's strong performance in the June quarter, fuelling bullish sentiment among investors. The rally in Eternal lifted sentiment around Info Edge as well, pushing its shares up over 4% in intraday trade. Despite Tuesday's gains, shares of Info Edge remain down 16% so far in 2025. Eternal's Q1 report Eternal, the parent company of Zomato and Blinkit, reported a sharp 90% year-on-year (YoY) decline in consolidated net profit for Q1FY26. Net profit stood at Rs 25 crore, down from Rs 253 crore in the same quarter last year. Despite the profit drop, revenue from operations rose 70% YoY to Rs 7,167 crore, driven by strong performance in the quick commerce and food delivery segments. Akshant Goyal, CFO of Zomato, said the decline in profitability was primarily due to continued investments in quick commerce and the going-out vertical. Consolidated adjusted EBITDA fell 42% YoY to Rs 172 crore, although the food delivery EBITDA margin improved to 5.0%, up from 3.9% a year earlier. The company reported that the net order value (NOV) of its B2C businesses grew 55% YoY and 16% sequentially to Rs 20,183 crore. For the first time, quick commerce NOV surpassed food delivery NOV for an entire quarter. Also read | Eternal share price target goes up to Rs 400! What brokerages said after Q1 results ( Disclaimer : Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Mint
2 days ago
- Business
- Mint
Info Edge share price jumps nearly 4% following Zomato Q1 results; co holds over 12% stake in Eternal
Info Edge share price jumped nearly 4% in reaction to the performance of Eternal (Zomato) Q1 Results. As Info Edge India held a 12.38% stake in the food delivery platform company, which equates to more than 119 crore shares, parent shares rose in today's session. Eternal shares reached an all-time high, becoming the standout stock, post a strong commentary from management. According to reports, Info Edge initially invested in Eternal (formerly Zomato) in August 2010 during the seed funding round, contributing ₹ 4.7 crore for an 18.5% ownership stake. When Zomato went public in 2021, Info Edge held nearly a 19% stake and also took part in the company's IPO. On Tuesday's session, Info Edge share price opened at an intraday low of ₹ 1,397.55 apiece on the BSE, the stock touched an intraday high of ₹ 1,465 per share. According to Anshul Jain, Head of Research at Lakshmishree Investments, Naukri shares has been trading in a defined range of ₹ 1,347–1,520 for the past 12 weeks, with volumes gradually tapering off — a classic sign of quiet accumulation. 'What stands out is the formation of higher lows on the weekly charts, reinforcing the bullish undertone beneath the consolidation. For a meaningful upmove to unfold, the stock must close above the ₹ 1,520 resistance zone. Encouragingly, early signs of strength are visible, and a breakout above this level could trigger a sustained rally with strong follow-through potential in the sessions ahead,' said Jain. Food delivery company Eternal, formerly known as Zomato, on Monday reported a 90% fall in its June quarter consolidated net profit at ₹ 25 crore versus ₹ 253 crore reported in the year ago period. The revenue from operations in Q1FY26 stood at ₹ 7,167 crore, which was up by 70.4% over ₹ 4,206 crore in the corresponding quarter of the previous financial year. This decline was primarily due to ongoing investments in quick commerce and going-out, although it was somewhat balanced by an increase in the food delivery Adjusted EBITDA margin, which rose to 5.0% from 3.9% the previous year. Akshant Goyal, the Chief Financial Officer (CFO) of Eternal, mentioned in an exchange filing that in terms of profitability, the consolidated adjusted EBITDA fell by 42% year-over-year to ₹ 172 crore in Q1 FY26. Eternal's B2C segment achieved a net order value (NOV) of ₹ 20,183 crore in Q1FY26, marking a 55% increase year-over-year (16% quarter-over-quarter). For the first time, their quick commerce NOV surpassed food delivery NOV over the entire quarter. Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
Entrepreneur
3 days ago
- Business
- Entrepreneur
Udaan Acquires ShopKirana in USD 88.5 Mn All-Stock Deal
Founded in 2015, Shopkirana has received significant investments, raising over USD 50 million from investors such as Info Edge, Sixth Sense Ventures, and the Oman India Joint Investment Fund, among others. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. B2B e-commerce platform Udaan has made a significant move in the grocery commerce sector by acquiring Shopkirana in an all-stock deal. This marks a major consolidation in the industry, highlighting the ongoing shifts within the grocery e-commerce space. As per regulatory filings, the deal has been approved by the board of Info Edge, which holds a 26.14% stake in Shopkirana through its wholly-owned subsidiary Startup Investments Holding Ltd (SIHL). The stake has been transferred to Hiveloop Technology Pvt Ltd (HEPL), a subsidiary of Trustroot Internet, Udaan's parent company based in Singapore. In return for its stake, Info Edge will receive 1.68 crore shares of Hiveloop Technology, which translates to about 0.91% of HEPL on a fully diluted basis. These shares are linked to 73,561 reference shares of Udaan's parent company, valued at approximately USD 23.13 million. The swap suggests that Shopkirana's total enterprise value is around USD 88.5 million, based on the value of Info Edge's minority stake. However, the transaction remains subject to customary closing conditions outlined in the agreement. Entrackr's analysis points out that Shopkirana will secure a 3.48% stake in Udaan's Indian business, based on Info Edge's holding in the Indian entity of Udaan. Founded in 2015, Shopkirana has received significant investments, raising over USD 50 million from investors such as Info Edge, Sixth Sense Ventures, and the Oman India Joint Investment Fund, among others. Shopkirana has carved out a niche by focusing on the digitisation of procurement for kirana stores in smaller cities like Indore, Bhopal, Surat, and Agra. The integration with Udaan is expected to expand the latter's reach in fast-moving consumer goods (FMCG) and the hotel, restaurant, and catering (HoReCa) business. In the fiscal year ending March 2024, Shopkirana's revenue fell by 6.26%, from INR 681.81 crore in FY23 to INR 639.16 crore in FY24. However, the company managed to reduce its losses by 30%, bringing them down to INR 55 crore in FY24. The results for FY25 are yet to be reported. This acquisition signals the increasing investor fatigue and challenges within the grocery commerce space. Many firms have struggled to turn a profit, despite the large scale of the market. For Shopkirana, this move could be seen as an effort to position itself for acquisition by controlling costs, although this has affected topline growth. For Udaan, the stock swap offers a relatively low-risk acquisition as it continues its push to reduce EBITDA losses and hopes for future upside.
