Info Edge shares jump 4% after strong Q1 show. What Nomura, Nuvama and other brokerages expect next
Info Edge shares gained over 4% to trade at Rs 1,337 apiece on the NSE on Tuesday morning after the release of the Q1 earnings. The company reported a 43% year-on-year rise in consolidated net profit to Rs 490 crore in the June quarter, aided by an exceptional gain from transferring Info Edge’s holding in Shopkirana to Udaan parent Trustroot, partly offset by an impairment charge.
The company’s standalone billings rose 14.4%, while operating profit before tax climbed 33.4% as overall costs grew less than 1%. Recruitment, which includes Naukri and accounts for most of Info Edge’s revenue, recorded a 17.5% rise in billings to Rs 553 crore. Revenues increased 13% to Rs 612 crore, while operating profit grew 25% to Rs 356 crore, taking the margin to 58.3%.
Also read | Info Edge Q1 profit rises 43% to Rs 490 crore as Naukri, 99acres gather pace
Nomura on Info Edge share price
Nomura noted that recruitment billings grew 17.5%, above its estimates, aided by better enterprise renewals, stable hiring, mostly replacement, with some incremental hiring, and continued strength in the premium segment. Roughly one-third of the growth came from volume, one-third from pricing and one-third from newer monetisation levers, the international brokerage noted.
It raised its earnings estimates following the Q1 results. Nomura maintained its ‘Buy’ call on Info Edge, but raised its target price to Rs 1,480 apiece, implying more than 15% upside potential.
Nuvama on Info Edge share price
Nuvama Institutional Equities maintained its ‘Buy’ rating on Info Edge with a target price of Rs 1,520 apiece, implying around 19% upside potential. The brokerage said the company delivered a decent Q1 performance.“Management indicated both Naukri and 99acres are reporting a pickup in billings growth, with revenue to follow a similar trajectory with a lag. We stay positive on the Info Edge story, with its long growth runway and pricing power, coupled with commercial adoption and monetisation of its new AI initiatives to support the next leg of growth,” it added.
Motilal Oswal on Info Edge share price
Motilal Oswal Financial Services maintained its Neutral call on Info Edge, but raised its target price to Rs 1,250 apiece, implying 2.5% downside potential. The domestic brokerage noted that the company delivered a better-than-expected Q1 performance and raised its earnings estimates.
“Margin visibility has improved, led by lower costs and better operating leverage, with 99acres also benefiting from lower competitive intensity. However, with recruitment growth still moderate and newer offerings yet to establish sustained monetisation, we see limited scope for a meaningful earnings upgrade from here. Current valuations also appear to capture much of the near-term improvement,” it added.
Info Edge share price
Info Edge shares gained around 6% in a week and 11% in a month, but remain marginally lower in 2026 so far. Over the longer term, the shares have delivered returns of more than 49% over three years and nearly 24% over five years.
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