Info Edge Reports 14% Rise in Q1FY27 Billings, Acquires Coding Ninjas for Rs 39.91 Crore
Info Edge shares surged 11% after the company reported a 14% year-on-year rise in Q1FY27 billings, reaching Rs 737 crore, driven by sustained demand across its core businesses and improved execution across digital platforms.
Info Edge Reports Strong Q1FY27 Performance
The company’s flagship Recruitment Solutions business remained the key growth driver during the quarter, with billings rising to Rs 552.7 crore from Rs 470.3 crore in Q1 FY26.
The 99acres real estate platform also maintained its upward trajectory, with billings increasing to Rs 110.1 crore during Q1 FY27 from Rs 94.4 crore in the same period last year.
Key Business Segments Drive Growth
The Jeevansathi business reported steady improvement, with billings climbing to Rs 39.6 crore from Rs 34.7 crore year-on-year.
Meanwhile, the Shiksha segment recorded billings of Rs 34.6 crore, compared with Rs 44.8 crore in the previous year’s quarter.
Expansion Push Through Coding Ninjas Acquisition
- Info Edge recently announced the acquisition of edtech platform Coding Ninjas for Rs 39.91 crore.
- The company will purchase 74,741 equity shares at Rs 5,340.23 per share, making Coding Ninjas a wholly owned subsidiary.
- Info Edge also plans to commit an additional Rs 180 crore to its startup investment fund, reinforcing its focus on backing emerging technology-driven businesses.
Market Impact and Valuation
- Info Edge shares touched an intraday high of Rs 1,144.50 on the NSE, with a 52-week high of Rs 1,489.
- The company’s current market capitalisation stands at around Rs 67,630 crore.
- From a valuation perspective, Info Edge is trading at a price-to-earnings (P/E) ratio of 45.85 and a price-to-book (P/B) ratio of 1.64.
Technical Outlook
- Info Edge’s 14-day Relative Strength Index (RSI) stands at 57.8, indicating moderate positive momentum.
- The stock is trading above 7 out of 8 key simple moving averages (SMAs), suggesting broad-based technical strength.
- However, it continues to trade below its long-term 200-day moving average, indicating that investors are closely watching whether the stock can sustain its recovery trend.
Key Takeaways
- Info Edge reported a 14% year-on-year rise in Q1FY27 billings, reaching Rs 737 crore.
- The company’s flagship Recruitment Solutions business drove growth, with billings rising to Rs 552.7 crore.
- Info Edge acquired edtech platform Coding Ninjas for Rs 39.91 crore and plans to commit an additional Rs 180 crore to its startup investment fund.
FAQs
What is the current market capitalisation of Info Edge?
The company’s current market capitalisation stands at around Rs 67,630 crore.
What is the price-to-earnings (P/E) ratio of Info Edge?
Info Edge is trading at a price-to-earnings (P/E) ratio of 45.85.
What is the price-to-book (P/B) ratio of Info Edge?
Info Edge is trading at a price-to-book (P/B) ratio of 1.64.
Conclusion
Info Edge’s strong Q1FY27 performance and strategic acquisition of Coding Ninjas position the company for continued growth in the technology-driven business landscape.
Investors are advised to closely monitor the stock’s technical indicators and valuation multiples, as it continues to trade below its long-term 200-day moving average.
With a strong focus on emerging technology-driven businesses, Info Edge is poised to capitalize on the growing demand for digital solutions and services.
