Info Edge shares jump 4% after strong Q1 show. What Nomura, Nuvama and other brokerages expect next
Info Edge shares jumped over 4% after the company reported a strong Q1 FY27 performance, with consolidated net profit rising 43% year-on-year to Rs 490 crore. Recruitment billings grew 17.5%, while operating profit rose 25%. Nomura, Nuvama and Motilal Oswal retained their respective ratings, with Nomura and Nuvama maintaining Buy calls and raising target prices.
Info Edge's shares surged over 4% to trade at Rs 1,337 apiece on the NSE following the company's strong Q1 earnings release. The domestic tech firm reported a remarkable 43% year-on-year increase in consolidated net profit to Rs 490 crore for the April-June quarter of FY27. This growth was driven by exceptional gains from transferring Info Edge's holding in Shopkirana to Udaan parent Trustroot, as well as a 33.4% rise in operating profit before tax.
Brokers Nomura and Nuvama reiterated their 'Buy' ratings and raised their target prices, projecting upside potential of more than 15% and 19% respectively. Nomura highlighted that recruitment billings grew 17.5%, exceeding expectations, thanks to strong enterprise renewals, stable hiring, and new monetisation levers. Nuvama noted a pickup in billings growth for both Naukri and 99acres, pointing to a promising future as the company leverages its AI initiatives and commercial adoption.
Written by urgent.news from The Economic Times - Top News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
