Info Edge (INFOE) posted standalone revenue of ₹8.2 billion in the first quarter of FY27, marking a 12% year‑on‑year increase and a 2.4% rise from the previous quarter. This figure aligns closely with analysts’ estimate of about ₹8.1 billion.
The company’s EBITDA margin stood at 44%, up 60 basis points from the prior quarter, and exceeded the expected 41.5%. Total billings for the quarter rose 14.4% year‑on‑year to ₹7.4 billion.
Adjusted profit after tax (PAT) climbed 22.3% year‑on‑year to ₹3.1 billion, outpacing the forecast of ₹2.9 billion. Overall, revenue, EBITDA and adjusted PAT grew 12%, 30.6% and 22.3% respectively compared with the same period last year.
Looking ahead, analysts project revenue, EBITDA and adjusted PAT for Q2FY27 to grow 14.0%, 19.2% and 14.5% year‑on‑year. The outlook remains positive as the company continues to expand its services.
The rating remains neutral, with a target price of ₹1,250. This reflects a potential downside of about 2.5% from current levels.
The valuation is based on a discounted cash flow (DCF) model using a single‑time‑point (SoTP) approach, reinforcing the neutral stance and the ₹1,250 target price.