{
  "id": 534492,
  "title": "Info Edge shares surge 5% after Q1 results",
  "url": "https://urgent.news/2026/08/11/info-edge-shares-surge-5-after-q1-results",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-11T05:10:55.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/info-edge-shares-surge-over-5-after-q1fy27-results/article71331069.ece"
  },
  "original_language": "en",
  "account": "Info Edge, an Indian technology company, experienced a 5% increase in its stock price on Tuesday in response to its first quarter financial results for fiscal year 2027. The company reported a consolidated profit after tax of ₹490 crore for the quarter, down from ₹755.7 crore in the same period last year and ₹343 crore in Q1FY26. Revenue from operations grew by 11% year-over-year to ₹880.7 crore, compared to ₹790.8 crore in Q1FY26. However, Info Edge's standalone profit after tax declined by 5% to ₹245.5 crore in Q1FY27 from ₹259.6 crore in the previous year. Citi raised its target price for Info Edge shares to ₹1,510 from ₹1,400 and maintained an 'accumulate' recommendation, highlighting several factors that could support the company's near-term growth, such as recruitment billings, improved pricing power, and enhanced job seeker monetisation. Management also indicated that the company's growth for the fiscal year 2027 could potentially reach 15%, surpassing its earlier guidance of 12-13%. BofA Securities raised its target price to ₹1,400 from ₹1,330 but maintained an 'underweight' recommendation, noting that Q1 was a steady quarter and that improving hiring trends could sustain growth. The bank also mentioned a 5% beat of EBITDA expectations, driven by improving business momentum, while the premium segment and new AI initiatives are helping Naukri, the company's job search platform. Macquarie retained a 'neutral' rating with a target price of ₹1,000, expressing concerns that recruitment revenue growth might be lagging billings and that AI could slow the velocity of jobs, potentially leading to a softer medium-term outlook for billings and revenue growth.",
  "summary": "Info Edge’s consolidated profit after tax stood at ₹490 crore in the quarter, compared with ₹755.7 crore in the March 2026 quarter and ₹343 crore in Q1FY26",
  "key_points": [
    "Info Edge shares rise 5% post Q1 results",
    "Consolidated profit after tax at ₹490 crore, down from ₹755.7 crore",
    "Revenue from operations up 11% to ₹880.7 crore"
  ],
  "editors_take": "The surge in Info Edge shares reflects analysts' optimism about the company's near-term growth prospects, driven by factors such as recruitment billings, pricing power, and job seeker monetisation.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}