Latest news with #InfoEdge
Time of India
3 days ago
- Business
- Time of India
I-Sec maintains Hold call on Info Edge, lowers target price to Rs 1,530
ICICI Securities has maintained its Hold call on Info Edge (India) with a revised target price of Rs 1,530 (earlier Rs 1,600). The current market price of Info Edge (India) Ltd. is Rs 1446.55. Info Edge (India), incorporated in 1995, is a Large Cap company with a market cap of Rs 93818.90 crore, operating in the Services sector. Info Edge's key products/revenue segments include Sale of services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1270.45 crore, up 39.69% from last quarter Total Income of Rs 909.48 crore and up 57.09% from last year same quarter Total Income of Rs 808.72 crore. The company has reported net profit after tax of Rs 693.60 crore in the latest quarter. The company's top management includes Kapoor, Sundararajan, Goyal, Sachar, Gupta, Malik, Mathur, Thakkar, Oberoi, Bikhchandani, Kumar Bhattacharya. The company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 65 crore shares outstanding. Live Events Investment Rationale ICICI Securities maintains HOLD with a revised target price of Rs 1,530 (earlier Rs 8,000 stock split 1:5), valuing Info Edge using the SoTP framework. Upside risks: Faster-than-expected recovery in IT hiring and unwinding of holding company discount for listed portfolio of investments in case the stock continues to outperform Street?s expectations. Downside risks: Slowdown in IT hiring, increased competitive intensity in recruitment business or real estate business and mark down in valuation of investments. Promoter/FII Holdings Promoters held 37.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 33.25 per cent, DIIs 18.18 per cent.
Economic Times
3 days ago
- Business
- Economic Times
I-Sec maintains Hold call on Info Edge, lowers target price to Rs 1,530
ICICI Securities has maintained its Hold call on Info Edge (India) with a revised target price of Rs 1,530 (earlier Rs 1,600). The current market price of Info Edge (India) Ltd. is Rs 1446.55. Info Edge (India), incorporated in 1995, is a Large Cap company with a market cap of Rs 93818.90 crore, operating in the Services sector. ADVERTISEMENT Info Edge's key products/revenue segments include Sale of services for the year ending 31-Mar-2024. Financials For the quarter ended 31-03-2025, the company has reported a Consolidated Total Income of Rs 1270.45 crore, up 39.69% from last quarter Total Income of Rs 909.48 crore and up 57.09% from last year same quarter Total Income of Rs 808.72 crore. The company has reported net profit after tax of Rs 693.60 crore in the latest quarter. The company's top management includes Kapoor, Sundararajan, Goyal, Sachar, Gupta, Malik, Mathur, Thakkar, Oberoi, Bikhchandani, Kumar Bhattacharya. The company has S R Batliboi & Associates LLP as its auditors. As on 31-03-2025, the company has a total of 65 crore shares outstanding. ADVERTISEMENT Investment RationaleICICI Securities maintains HOLD with a revised target price of Rs 1,530 (earlier Rs 8,000 stock split 1:5), valuing Info Edge using the SoTP framework. Upside risks: Faster-than-expected recovery in IT hiring and unwinding of holding company discount for listed portfolio of investments in case the stock continues to outperform Street?s expectations. Downside risks: Slowdown in IT hiring, increased competitive intensity in recruitment business or real estate business and mark down in valuation of investments. Promoter/FII Holdings Promoters held 37.63 per cent stake in the company as of 31-Mar-2025, while FIIs owned 33.25 per cent, DIIs 18.18 per cent. (You can now subscribe to our ETMarkets WhatsApp channel) Disclaimer: Views and recommendations given in this section are the analysts' own and do not represent those of Please consult your financial adviser before taking any position in the stock/s mentioned.
News18
28-05-2025
- Business
- News18
Stocks To Watch: ITC, IRCTC, Info Edge, Bharat Dynamics, SAIL, NMDC, And Others
Last Updated: Stocks to watch: Shares of firms like ITC, IRCTC, Info Edge, Bharat Dynamics, SAIL, NMDC, and others will be in focus on Wednesday's trade Stocks To Watch On May 28: Indian equities ended lower on Tuesday amid heightened volatility, snapping a two-day rebound. As markets look for direction, several stocks will be in the spotlight on Wednesday due to earnings announcements and corporate developments. Earnings to watch today With 359 companies reporting, Wednesday is the busiest earnings day of the week. Key names include Cummins India, IRCTC, SAIL, 3M India, Deepak Nitrite, Cohance Lifesciences, JSW Holdings, Nuvama Wealth, Bata India, Natco Pharma, Finolex Cables, Granules India, Elgi Equipments, Avanti Feeds, MMTC, Ion Exchange, FDC, Mishra Dhatu Nigam, Juniper Hotels, Suprajit Engineering, and TVS Supply Chain. British American Tobacco (BAT), the largest shareholder in ITC Ltd, is set to pare its stake in the diversified conglomerate. BAT currently holds 20.31% and is considering an on-market sale. The potential stake reduction could weigh on investor sentiment. LIC: Life Insurance Corporation of India declared a record 120% dividend despite a 3.2% decline in net premium income. The public insurer posted a strong 38% year-on-year jump in net profit for the March quarter. IRCTC: IRCTC is set to report its Q4 results today, drawing investor interest amid rising demand for travel and tourism services. P&G Hygiene: Procter & Gamble Hygiene and Health Care reported a Q4 net profit of ₹156.1 crore on revenue of ₹991.6 crore. The company declared a generous ₹65 dividend per share. Info Edge (India): The parent announced its first dividend since its stock split. The board recommended a final dividend of ₹3.60 per share on a face value of ₹2. Bharat Dynamics: Defence PSU Bharat Dynamics reported a sharp 79% drop in Q4 revenue and a 90% decline in EBITDA. Net profit was also down 5.5% YoY. Despite the weak performance, the company announced a dividend. Waaree's Renewable Energy Arm: Waaree Power Pvt Ltd has scrapped its planned acquisition of a 55% stake in Ewaa Renewable Techno Solutions, which was valued at ₹5.5 crore. Disclaimer:Disclaimer: The views and investment tips by experts in this report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions. First Published: May 28, 2025, 07:58 IST
Economic Times
27-05-2025
- Business
- Economic Times
RBI's new directive to NBFCs; Oyo's third IPO attempt
The RBI has tightened rules on default loss guarantees (DLGs), a move that is likely to hit digital lenders hard. This and more in today's ETtech Top 5. Also in the letter: ■ Info Edge Q4 results ■ Sarvam's LLM gets muted response■ Bengaluru tech workforce crosses 1 million RBI tightens default loss guarantee rule; NBFCs to exclude cover on fintech-sourced loans The Reserve Bank of India (RBI) has directed non-banking finance companies (NBFCs) to exclude default loss guarantees (DLGs) provided by fintech partners when provisioning for bad loans. What's changing? NBFCs will no longer factor in the typical 5% guarantee from digital lending partners to reduce provisioning on stressed loans. This marks a significant shift that could dent both origination volumes and fee income for fintechs. The RBI wants NBFCs to: Strengthen underwriting practices. Curb systemic risks. Avoid over-reliance on fintechs. The move follows cases where fintechs failed to honour DLGs, leaving NBFCs exposed to losses. Who's affected? Digital lending partners such as:These firms act as lending service providers and typically offer DLGs of up to 5%, often backed by fixed deposits lien-marked in favour of NBFCs. These guarantees act as credit cushions and are usually factored into expected credit losses (ECL) calculations. When's the deadline? NBFCs must comply by September 30, treating fintech-originated loans as if there is no credit enhancement. Some NBFCs have already begun adjusting provisions from Q4 FY25. Also Read: Listed fintechs feel the pinch of lenders going slow on unsecured lending The impact: NBFCs: Higher provisions, leading to reduced appetite for fintech-originated credit. Higher provisions, leading to reduced appetite for fintech-originated credit. Fintechs: Likely decline in originations and income. Likely decline in originations and income. Borrowers: Stricter access to unsecured credit. This directive is part of the RBI's broader crackdown on hidden risks in India's rapidly growing digital lending ecosystem. It also serves as a nudge for NBFCs to shoulder the risk they underwrite, instead of outsourcing it. Also Read: Stuck digital lenders look to RBI to ease unsecured loan rules Oyo to meet bankers next week for third IPO attempt; eyes $5-7 billion valuation Ritesh Agarwal, CEO, Oyo Oravel Stays Ltd, the parent company of hospitality startup Oyo, is set to formally review proposals from merchant bankers next week as it prepares for a fresh attempt at an initial public offering (IPO), according to multiple people familiar with the development. Verbatim: 'During the preliminary discussions, some bankers proposed that the company could get valued as high as $10 billion for its public issue, but the company's realistic expectation is around $6-7 billion,' a source said. More details: The company is in talks with Indian and global banks. It aims to file its draft red herring prospectus (DRHP) between August and September, with a public listing targeted for March or April 2026, according to sources. This will be Oyo's third attempt at going public. It first filed with the Securities and Exchange Board of India in 2021, aiming for an Rs 8,430 crore IPO, but withdrew in 2022. A second filing, made confidentially in 2023, was also withdrawn in 2024. Recent fundraise: In August, Oyo raised Rs 1,457 crore from a group of investors at a significantly reduced valuation. In December, it secured $825 million in debt from Deutsche Bank to fund its $525 million acquisition of US motel chain Motel 6. Sponsor ETtech Top 5 & Morning Dispatch! Why it matters: ETtech Top 5 and Morning Dispatch are must-reads for India's tech and business leaders, including startup founders, investors, policy makers, industry insiders and employees. The opportunity: Reach a highly engaged audience of decision-makers. Boost your brand's visibility among the tech-savvy community. Custom sponsorship options to align with your brand's goals. What's next: Interested? Reach out to us at spotlightpartner@ to explore sponsorship opportunities. Info Edge Q4 revenue rises 14% to Rs 750 crore; net profit surges 8x to Rs 678 crore Sanjeev Bikhchandani, cofounder, Info Edge parent Info Edge posted a 14% year-on-year (YoY) increase in operating revenue for the March quarter, driven by robust growth across both recruitment and non-recruitment businesses. Financials: Operating revenue (Q4): Rs 750 crore. Rs 750 crore. Net profit (Q4): Rs 678 crore, up from Rs 88 crore a year ago. Rs 678 crore, up from Rs 88 crore a year ago. Revenue (FY25): Rs 2,849 crore, up 12% YoY. Rs 2,849 crore, up 12% YoY. Net profit (FY25): Rs 1,310 crore, more than double the Rs 594 crore reported in FY24. Rs 1,310 crore, more than double the Rs 594 crore reported in FY24. Total expenses (FY25): Rs 539 crore, compared to Rs 469 crore in FY24. Employee benefits: Rs 331 crore. Advertising and promotion costs: Rs 100 crore. Rs 539 crore, compared to Rs 469 crore in FY24. Revenue breakdown: Recruitment solutions (including : Rs 542 crore, up 13% YoY. : Rs 542 crore, up 13% YoY. 99Acres (real estate portal): Rs 106 crore, up 14%. Rs 106 crore, up 14%. Other businesses (including and : Rs 101 crore, up nearly 20%. Also Read: Info Edge shareholders approve Rs 1,000 crore investment in its VC fund Sarvam AI unveils multilingual LLM; low traction poses questions on India's AI scene Indian AI startup Sarvam AI, the first company chosen by the government to build a homegrown foundational model, has launched its open-source large language model (LLM). However, the early reception has been muted, with only a few hundred downloads in the initial days. About the model: Sarvam claims its LLM, Sarvam M, performs well on benchmarks in mathematics, programming, and 11 Indian languages, including Hindi, Gujarati, Kannada, and Malayalam. The model supports a hybrid reasoning mode for tackling complex logical reasoning problems, as well as mathematical and coding tasks. Additionally, it features a non-think mode for general-purpose conversation. According to the company, Sarvam M outperforms similarly sized models on coding and math benchmarks. No traction: The model, released on Hugging Face, recorded just over 300 downloads at launch. As of May 27, the number had increased to 1,200. The lukewarm response has reignited debate over India's place in the global AI race, particularly with rivals such as DeepSeek and OpenAI. Frinks AI raises $5.4 million: Frinks AI has raised $5.4 million in a new funding round led by Prime Venture Partners. Founded by IIT Hyderabad alumni Aditya Agrawal, Dharmgya Sharma, and Subhra S Bhattacherjee, Frinks AI is a deep-tech startup developing next-generation vision AI systems for industrial automation and quality control. Contineu raises $1.2 million: Deeptech startup Contineu has raised $1.2 million in a seed funding round led by SenseAI Ventures, with Piper Serica Angel Fund participating. Founded in 2023, the startup automates data entry on construction sites through its platform, utilising helmet-mounted cameras and 3D computer vision models. Technology workforce in Bengaluru crosses one-million mark; IT city among 12 global tech hubs: CBRE Bengaluru is now among the top 12 global technology hubs, joining the ranks of Beijing, Boston, London, New York, and Toronto, as its technology workforce has crossed the one million mark. Details: According to a report by real estate consultant CBRE, Bengaluru's tech talent scale rivals that of the US hubs of San Francisco and New York. The city ranks fourth among the 12 tech markets in terms of the share of its working-age population. 75% of Bengaluru's falls in this productive age group. Between 2019 and 2024, Bengaluru saw a 2.4% increase in its working population. The city also leads in terms of AI development talent. In 2024, Bengaluru attracted 140 venture capital (VC) deals worth $3.3 billion. Updated On May 27, 2025, 07:30 PM IST
Business Standard
27-05-2025
- Business
- Business Standard
Info Edge (India) consolidated net profit rises 667.33% in the March 2025 quarter
Sales rise 14.03% to Rs 749.63 crore Net profit of Info Edge (India) rose 667.33% to Rs 463.39 crore in the quarter ended March 2025 as against Rs 60.39 crore during the previous quarter ended March 2024. Sales rose 14.03% to Rs 749.63 crore in the quarter ended March 2025 as against Rs 657.42 crore during the previous quarter ended March 2024. For the full year,net profit rose 67.27% to Rs 962.14 crore in the year ended March 2025 as against Rs 575.21 crore during the previous year ended March 2024. Sales rose 12.35% to Rs 2849.55 crore in the year ended March 2025 as against Rs 2536.34 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 749.63657.42 14 2849.552536.34 12 OPM % 30.9931.09 - 30.2427.53 - PBDT 746.68350.04 113 1910.731089.74 75 PBT 716.10324.42 121 1797.64988.61 82 NP 463.3960.39 667 962.14575.21 67
