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Economic Times
2 days ago
- Business
- Economic Times
Info Edge shares in focus as Q1 PAT jumps 27% YoY. Should you buy, sell or hold?
Info Edge shares: The company reported a 27% year-on-year rise in consolidated net profit to ₹296 crore for Q1FY26. Revenue from operations grew 17% to ₹791 crore, up from ₹677 crore in the same quarter last year. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads After the company's Q1 results, here's what brokerage firms said: Motilal Oswal: Neutral| Target price: Rs 1,380 HDFC Securities: Buy| Target price: Rs 1,600 Shares of Info Edge (India), the operator of the platform, are likely to be in focus on Monday after the company reported a 27% year-on-year (YoY) jump in its consolidated net profit for the June quarter (Q1FY26).The company's profit after tax (PAT) stood at Rs 296 crore in the quarter ended June 2025, up from Rs 233 crore in the same period last year. The figure is attributable to the equity holders of the parent from operations came in at Rs 791 crore, marking a 17% increase from Rs 677 crore reported in the corresponding quarter of the previous financial a sequential basis, however, PAT fell 36% from Rs 463 crore in Q4FY25, even as revenue rose 5.5% from Rs 750 crore in the January–March comprehensive income for the quarter was Rs 7,918 crore in Q1FY26, significantly higher than Rs 3,583 crore in Q1FY25. Profit before tax (PBT) without exceptional items stood at Rs 436 crore in the June 2025 quarter, compared to Rs 329 crore in the same period last Oswal Financial Services (MOSL) has maintained its 'Neutral' rating on Info Edge and raised the target price to ₹1,380 from ₹1,350. The brokerage noted that Q1FY26 performance remained steady despite uneven hiring demand. However, margins are likely to be capped due to high marketing spend. MOSL highlighted that non-recruitment growth has offset moderation in the recruitment segment, but margin expansion in the near term appears limited. It added that growth-led investments are expected to continue and will remain dependent on a rebound in recruitment activity. MOSL has forecast FY26 and FY27 EBITDA margins at 37.8% and 40.8%, respectively, and estimates revenue and EBITDA growth for Q2FY26 at 13.1% and 4.1% Securities maintained a 'buy' rating on the stock, with a target price of Rs 1, Edge saw moderation in billings growth in Q1 due to macroeconomic factors and contract deferrals, with margins impacted by higher marketing spend. Standalone billings/revenue rose 15.3% YoY, while recruitment segment billings grew 9% YoY, the slowest in four quarters, and margins dropped to 52.5%.IT services, BPM, BFSI, and infrastructure recorded low single-digit growth, while GCCs, technology, retail, healthcare, and manufacturing continued double-digit growth. Marketing costs were elevated due to IPL branding and investments in new businesses like JobHai and Naukri Gulf. Marketing spend will be maintained for 99Acres and Jeevansathi to gain market share, with recruitment billings expected to grow at ~12% CAGR over FY25–28E.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
2 days ago
- Business
- Time of India
Info Edge shares in focus as Q1 PAT jumps 27% YoY. Should you buy, sell or hold?
Live Events After the company's Q1 results, here's what brokerage firms said: Motilal Oswal: Neutral| Target price: Rs 1,380 HDFC Securities: Buy| Target price: Rs 1,600 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Info Edge (India), the operator of the platform, are likely to be in focus on Monday after the company reported a 27% year-on-year (YoY) jump in its consolidated net profit for the June quarter (Q1FY26).The company's profit after tax (PAT) stood at Rs 296 crore in the quarter ended June 2025, up from Rs 233 crore in the same period last year. The figure is attributable to the equity holders of the parent from operations came in at Rs 791 crore, marking a 17% increase from Rs 677 crore reported in the corresponding quarter of the previous financial a sequential basis, however, PAT fell 36% from Rs 463 crore in Q4FY25, even as revenue rose 5.5% from Rs 750 crore in the January–March comprehensive income for the quarter was Rs 7,918 crore in Q1FY26, significantly higher than Rs 3,583 crore in Q1FY25. Profit before tax (PBT) without exceptional items stood at Rs 436 crore in the June 2025 quarter, compared to Rs 329 crore in the same period last Oswal Financial Services (MOSL) has maintained its 'Neutral' rating on Info Edge and raised the target price to ₹1,380 from ₹1,350. The brokerage noted that Q1FY26 performance remained steady despite uneven hiring demand. However, margins are likely to be capped due to high marketing spend. MOSL highlighted that non-recruitment growth has offset moderation in the recruitment segment, but margin expansion in the near term appears limited. It added that growth-led investments are expected to continue and will remain dependent on a rebound in recruitment activity. MOSL has forecast FY26 and FY27 EBITDA margins at 37.8% and 40.8%, respectively, and estimates revenue and EBITDA growth for Q2FY26 at 13.1% and 4.1% Securities maintained a 'buy' rating on the stock, with a target price of Rs 1, Edge saw moderation in billings growth in Q1 due to macroeconomic factors and contract deferrals, with margins impacted by higher marketing spend. Standalone billings/revenue rose 15.3% YoY, while recruitment segment billings grew 9% YoY, the slowest in four quarters, and margins dropped to 52.5%.IT services, BPM, BFSI, and infrastructure recorded low single-digit growth, while GCCs, technology, retail, healthcare, and manufacturing continued double-digit growth. Marketing costs were elevated due to IPL branding and investments in new businesses like JobHai and Naukri Gulf. Marketing spend will be maintained for 99Acres and Jeevansathi to gain market share, with recruitment billings expected to grow at ~12% CAGR over FY25–28E.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Upturn
2 days ago
- Business
- Business Upturn
Stocks to watch on brokerages' radar: SBI, Tata Motors, Grasim, Trent, ICICI Bank, Voltas, Cummins India on August 11
Indian equities are expected to see stock-specific action on Monday, 11 August 2025, as several fund houses and brokerages issued fresh recommendations and target price revisions for key companies across sectors. ICICI Bank share: Equirus maintained an Add rating with a target price of ₹1,600 per share, reflecting a neutral stance. Grasim share: Motilal Oswal (MOSL) maintained a Buy rating, raising its target price to ₹3,500 from ₹3,300 per share, citing a positive outlook. Trent share: Macquarie reiterated its Outperform rating with a target price of ₹7,200 per share, maintaining a positive view on the retail major. L&T Technology Services share: Macquarie maintained its Outperform rating with a target price of ₹5,770 per share, signalling continued optimism. Cummins India share: MOSL maintained a Buy rating and increased its target price to ₹4,350 from ₹4,200 per share, keeping its positive stance intact. SBI share: Avendus upgraded the stock to Buy and raised its target price to ₹938 from ₹852 per share, while Morgan Stanley maintained an Equal Weight rating with a target price of ₹885 per share. Sai Life share: Jefferies upgraded to Buy and lifted the target price to ₹1,000 from ₹800 per share, noting a positive outlook. Voltas share: Macquarie maintained an Outperform rating with a target price of ₹1,417 per share, supported by a bullish view on the company's growth prospects. Manappuram Finance share: Morgan Stanley maintained an Equal Weight rating with a target price of ₹270 per share. Max Financial share: MOSL maintained a Neutral rating with a target price of ₹1,750 per share. Info Edge share: MOSL maintained a Neutral rating, raising the target price to ₹1,380 from ₹1,350 per share. HDB Financial share: UBS maintained a Neutral rating with a target price of ₹790 per share. NALCO share: MOSL maintained a Neutral rating with a target price of ₹190 per share. Biocon share: MOSL maintained a Buy rating but trimmed the target price to ₹410 from ₹430 per share. NOCIL share: MOSL maintained a Neutral rating with a target price of ₹190 per share. Tata Motors share: MOSL maintained a Neutral rating, cutting the target price to ₹631 from ₹638 per share, while Jefferies maintained an Underperform rating and reduced the target price to ₹550 from ₹600 per share. Disclaimer: The above views are those of the respective brokerages. This update is for news reporting purposes only and does not constitute investment advice. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
Time of India
6 days ago
- Business
- Time of India
Lupin shares jump 5% after strong Q1 results. Should you accumulate more?
Lupin shares surged 5% to Rs 1,940 in Thursday's trade after the pharmaceutical giant reported a strong set of Q1 FY26 results, with consolidated net profit rising 52% year-on-year to Rs 1,221 crore, compared to Rs 805 crore in the same quarter last year. The impressive performance was driven by robust growth in both the US and Indian markets. Revenue for the quarter stood at Rs 6,164 crore, up from Rs 5,514 crore a year ago. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program 'We continue to build strong business momentum, anchored by a robust product portfolio, improved efficiencies, and effective use of assets and investments,' said Nilesh Gupta, Managing Director, Lupin. 'As we begin the year, our sharpened focus on compliance, innovation, and technology positions us to further unlock sustainable growth,' he added. The company reported US sales of Rs 2,404 crore in the June quarter, registering a 24% growth compared to Rs 1,934 crore in the year-ago period. Live Events Should you buy, sell, or hold Lupin stock? Here's what brokerages say: Choice Broking Choice upgraded its rating on Lupin to 'Buy' and raised the target price to Rs 2,375 (from Rs 2,270), citing continued growth momentum across key markets, especially North America and India. High-impact launches such as Liraglutide and Glucagon are expected to contribute significantly to revenue. While margins may face temporary pressure in FY26 due to increased R&D spend on the GLP-1 portfolio, the firm expects normalisation by FY27 as scale benefits kick in. Choice forecasts a revenue, EBITDA, and PAT CAGR of 12%, 14%, and 12%, respectively, over FY25–28E. The stock is valued at 25x FY27–28E average EPS. Motilal Oswal (MOSL) Motilal Oswal maintained a 'Neutral' stance on Lupin and revised its target price downward to Rs 2,000 (from Rs 2,140). While acknowledging the earnings surprise driven by strong US execution, MOSL highlighted limited upside from current levels. It raised earnings estimates by 5.5% for FY26 and 2% for FY27. The stock is currently valued at 22x 12-month forward earnings, with EBITDA and PAT CAGRs of 14% and 16%, respectively, over FY25–27. It expects EBITDA margins of 24–25% in FY26. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Business Upturn
6 days ago
- Business
- Business Upturn
Bharti Airtel share: Motilal Oswal, Antique bullish; Avendus cautious
Brokerages split on outlook as tariff hike potential and capex dynamics weigh on projections By Arunika Jain Published on August 7, 2025, 08:23 IST Shares of Bharti Airtel have drawn mixed reactions from leading brokerages following the company's Q1FY26 earnings, with some maintaining their bullish stance while others remain cautious amid competitive and capex-related concerns. Motilal Oswal Financial Services (MOSL) has reaffirmed a 'Buy' rating on Bharti Airtel and raised its target price to ₹2,285 (from ₹2,200). The brokerage highlighted the telecom major's strong Q1 performance, robust free cash flows (FCF), and declining net debt. The stock has outperformed with a 22% gain calendar year-to-date versus a 4% rise in Nifty-50. MOSL noted that valuation has been re-rated to ~12x FY27E EV/EBITDA, and further upside hinges on tariff hikes post-FY27. It is modeling 14%/17% CAGR in revenue/EBITDA over FY25–28. Antique also retained a 'Buy' rating and raised its target price to ₹2,222 from ₹2,100. It said results were in line with expectations, with FY26/27 earnings expected to remain stable. While FY26 subscriber estimates were trimmed by 1%, the ARPU outlook was unchanged. A tariff hike in Q1FY27 could be the next key trigger. Lower wireless capex is expected to enhance FCF and RoE. In contrast, Avendus retained a 'Reduce' call with a target price of ₹1,370, citing potential headwinds. It expects India capex (excluding Indus) at ₹28,500/₹27,500 crore for FY26/27, with increased spending in the Home & Enterprise segment. Free cash flow is forecast to rise significantly, from ₹23,300 crore in FY25 to ₹38,700 crore in FY27. However, rising capex from rivals VIL and BSNL could lead to some subscriber churn from the top two telcos, it warned. Disclaimer: The views and investment suggestions expressed by brokerages are their own and not those of this publication. Investors are advised to consult certified financial experts before making any investment decisions. Ahmedabad Plane Crash Arunika Jain, a graduate in Mass Communication, brings a fresh perspective to the world of journalism. Arunika has a passion for writing finance and corporate news at You can write to her at [email protected]
