NAUKRI
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Info Edge (India) Approves Entering Into Contribution Agreement With B8 Fund I
Feb 26 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - APPROVED ENTERING INTO CONTRIBUTION AGREEMENT WITH B8 FUND I
INFO EDGE (INDIA) LTD - DEAL TO COMMIT CONTRIBUTION OF UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE59mZdw
Further company coverage: INED.NS
Feb 26 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - APPROVED ENTERING INTO CONTRIBUTION AGREEMENT WITH B8 FUND I
INFO EDGE (INDIA) LTD - DEAL TO COMMIT CONTRIBUTION OF UP TO 2.5 BILLION RUPEES
Source text: ID:nBSE59mZdw
Further company coverage: INED.NS
Info Edge (India) Ltd To Invest 300 Million Rupees In SIHL
Feb 17 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - TO INVEST 300 MILLION RUPEES IN SIHL
Source text: ID:nBSE84rhmV
Further company coverage: INED.NS
Feb 17 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - TO INVEST 300 MILLION RUPEES IN SIHL
Source text: ID:nBSE84rhmV
Further company coverage: INED.NS
Info Edge (India) Dec-Qtr Consol Net Profit 2.72 Bln Rupees
Feb 13 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) DEC-QUARTER CONSOL NET PROFIT 2.72 BILLION RUPEES
INFO EDGE (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.19 BILLION RUPEES
INFO EDGE (INDIA) LTD - DIVIDEND OF 2.4 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: INED.NS
Feb 13 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) DEC-QUARTER CONSOL NET PROFIT 2.72 BILLION RUPEES
INFO EDGE (INDIA) DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 8.19 BILLION RUPEES
INFO EDGE (INDIA) LTD - DIVIDEND OF 2.4 RUPEES PER SHARE
Source text: [ID:]
Further company coverage: INED.NS
Info Edge (India) Updates Regarding Whistle-Blower Complaint In 99Acres Business Vertical
Jan 27 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - UPDATE REGARDING WHISTLE-BLOWER COMPLAINT IN 99ACRES BUSINESS VERTICAL
INFO EDGE (INDIA) - INDEPENDENT LAW FIRM, FORENSIC EXPERTS SUBMITTED CONCLUSIONS AND ASSESSMENT
INFO EDGE (INDIA) - IMPLEMENTED CERTAIN REMEDIAL ACTIONS AND OTHERS IN PROCESS OF BEING IMPLEMENTED
Source text: ID:nNSE5H9hRn
Further company coverage: INED.NS
Jan 27 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - UPDATE REGARDING WHISTLE-BLOWER COMPLAINT IN 99ACRES BUSINESS VERTICAL
INFO EDGE (INDIA) - INDEPENDENT LAW FIRM, FORENSIC EXPERTS SUBMITTED CONCLUSIONS AND ASSESSMENT
INFO EDGE (INDIA) - IMPLEMENTED CERTAIN REMEDIAL ACTIONS AND OTHERS IN PROCESS OF BEING IMPLEMENTED
Source text: ID:nNSE5H9hRn
Further company coverage: INED.NS
Info Edge (India) Says Jeevansathi To Invest 100 Mln Rupees In Aisle Network
Jan 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - JEEVANSATHI TO INVEST 100 MILLION RUPEES IN AISLE NETWORK
Source text: ID:nBSE5P0kJT
Further company coverage: INED.NS
Jan 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - JEEVANSATHI TO INVEST 100 MILLION RUPEES IN AISLE NETWORK
Source text: ID:nBSE5P0kJT
Further company coverage: INED.NS
Info Edge (India) Q3 Standalone Billings 7.47 Billion Rupees
Jan 7 (Reuters) - Info Edge (India) Ltd INED.NS:
Q3 STANDALONE BILLINGS 7.47 BILLION RUPEES
Source text: ID:nBSEbcsvkW
Further company coverage: INED.NS
Jan 7 (Reuters) - Info Edge (India) Ltd INED.NS:
Q3 STANDALONE BILLINGS 7.47 BILLION RUPEES
Source text: ID:nBSEbcsvkW
Further company coverage: INED.NS
Info Edge (India) Expects Shopkirana E Trading Transaction To Be Completed By March 31
Dec 12 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - EXPECTS SHOPKIRANA E TRADING TRANSACTION TO BE COMPLETED BY MARCH 31
Source text: ID:nBSEbgRnmK
Further company coverage: INED.NS
Dec 12 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - EXPECTS SHOPKIRANA E TRADING TRANSACTION TO BE COMPLETED BY MARCH 31
Source text: ID:nBSEbgRnmK
Further company coverage: INED.NS
Info Edge (India) Jeevansathi Internet Approves Acquisition Of 1,279 Shares Of Aisle Network
Nov 14 (Reuters) - Info Edge (India) Ltd INED.NS:
JEEVANSATHI INTERNET APPROVES ACQUISITION OF 1,279 SHARES OF AISLE NETWORK
DEAL FOR 55 MILLION RUPEES
Source text: ID:nNSE2hmBsD
Further company coverage: INED.NS
Nov 14 (Reuters) - Info Edge (India) Ltd INED.NS:
JEEVANSATHI INTERNET APPROVES ACQUISITION OF 1,279 SHARES OF AISLE NETWORK
DEAL FOR 55 MILLION RUPEES
Source text: ID:nNSE2hmBsD
Further company coverage: INED.NS
Info Edge (India) Names Ambarish Raghuvanshi As Interim CFO
Aug 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - AMBARISH RAGHUVANSHI APPOINTED INTERIM CFO FROM NOVEMBER 20, 2025
INFO EDGE (INDIA) LTD - CHINTAN THAKKAR RESIGNS AS WHOLE-TIME DIRECTOR & CFO
Source text: ID:nBSE63mmc7
Further company coverage: INED.NS
Aug 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - AMBARISH RAGHUVANSHI APPOINTED INTERIM CFO FROM NOVEMBER 20, 2025
INFO EDGE (INDIA) LTD - CHINTAN THAKKAR RESIGNS AS WHOLE-TIME DIRECTOR & CFO
Source text: ID:nBSE63mmc7
Further company coverage: INED.NS
Info Edge (India) Posts June-Quarter Consol Net Profit Of 2.96 Billion Rupees
Aug 8 (Reuters) - Info Edge (India) Ltd INED.NS:
JUNE-QUARTER CONSOL NET PROFIT 2.96 BILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.91 BILLION RUPEES
Further company coverage: INED.NS
Aug 8 (Reuters) - Info Edge (India) Ltd INED.NS:
JUNE-QUARTER CONSOL NET PROFIT 2.96 BILLION RUPEES
JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 7.91 BILLION RUPEES
Further company coverage: INED.NS
Info Edge (India) Reports 6.44 Billion Rupees Billings For June 2025 Quarter
July 7 (Reuters) - Info Edge (India) Ltd INED.NS:
REPORTS 6.44 BILLION RUPEES BILLINGS FOR JUNE 2025 QUARTER
Source text: ID:nBSE3Nwk6P
Further company coverage: INED.NS
July 7 (Reuters) - Info Edge (India) Ltd INED.NS:
REPORTS 6.44 BILLION RUPEES BILLINGS FOR JUNE 2025 QUARTER
Source text: ID:nBSE3Nwk6P
Further company coverage: INED.NS
India's Info Edge enjoys best day in 4 months on Q4 billings boost
** Shares of Info Edge (India) INED.NS rise 4.4% to 6655 rupees
** stock's biggest one-day gain in over four months, amid a broader market .NSEI rebound
** Job portal Naukri's owner reports Q4 standalone billings jumps 19%, helped by demand in recruitment business
** Avg of analysts' rating on stock is "buy"; median PT is 8697.5 rupees - data compiled by LSEG
** Stock down 23.5% YTD
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Info Edge (India) INED.NS rise 4.4% to 6655 rupees
** stock's biggest one-day gain in over four months, amid a broader market .NSEI rebound
** Job portal Naukri's owner reports Q4 standalone billings jumps 19%, helped by demand in recruitment business
** Avg of analysts' rating on stock is "buy"; median PT is 8697.5 rupees - data compiled by LSEG
** Stock down 23.5% YTD
(Reporting by Aleef Jahan in Bengaluru)
Info Edge (India) Says Jeevansathi To Invest 300 Million Rupees In Aisle Network
March 17 (Reuters) - Info Edge (India) Ltd INED.NS:
JEEVANSATHI TO INVEST 300 MILLION RUPEES IN AISLE NETWORK
Source text: ID:nBSE5v461x
Further company coverage: INED.NS
March 17 (Reuters) - Info Edge (India) Ltd INED.NS:
JEEVANSATHI TO INVEST 300 MILLION RUPEES IN AISLE NETWORK
Source text: ID:nBSE5v461x
Further company coverage: INED.NS
Info Edge (India) Says Meritto Board Approves IPO Proposal
March 5 (Reuters) - Info Edge (India) Ltd INED.NS:
MERITTO BOARD APPROVES IPO PROPOSAL
CO HOLDS 48% EQUITY IN MERITTO
BOARD UNDECIDED ON PARTICIPATION IN MERITTO IPO
Source text: ID:nBSE43Z9DC
Further company coverage: INED.NS
March 5 (Reuters) - Info Edge (India) Ltd INED.NS:
MERITTO BOARD APPROVES IPO PROPOSAL
CO HOLDS 48% EQUITY IN MERITTO
BOARD UNDECIDED ON PARTICIPATION IN MERITTO IPO
Source text: ID:nBSE43Z9DC
Further company coverage: INED.NS
India's Info Edge falls; Macquarie says valuation too high for its growth view
** Info Edge INED.NS, parent co of job portal Naukri.com, down 2.65% to 6,777 rupees
** Stock price lowest in nearly 8 months
** Macquarie maintains street-low PT
** Sees billings growing in only low teens percent
** Says, growth not conducive to current valuation, with shares trading at 40x the FY27 price-to-equity ratio
** With Naukri's cash flows subsidizing loss making divisions, return on equity is a mere 5% at group level -Macquarie
** Brokerage raises PT by 25%, but at 5,200 rupees it implies a 23.2% downside to current price
** Stock rated 'buy' on avg by 18 analysts; median PT at 8,750 rupees - data compiled by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
** Info Edge INED.NS, parent co of job portal Naukri.com, down 2.65% to 6,777 rupees
** Stock price lowest in nearly 8 months
** Macquarie maintains street-low PT
** Sees billings growing in only low teens percent
** Says, growth not conducive to current valuation, with shares trading at 40x the FY27 price-to-equity ratio
** With Naukri's cash flows subsidizing loss making divisions, return on equity is a mere 5% at group level -Macquarie
** Brokerage raises PT by 25%, but at 5,200 rupees it implies a 23.2% downside to current price
** Stock rated 'buy' on avg by 18 analysts; median PT at 8,750 rupees - data compiled by LSEG
(Reporting by Ananta Agarwal in Bengaluru)
Info Edge (India) Q3 Consol Net Profit 2.43 Bln Rupees
Feb 5 (Reuters) - Info Edge (India) Ltd INED.NS:
Q3 CONSOL NET PROFIT 2.43 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 7.22 BILLION RUPEES
Source text: [ID:]
Further company coverage: INED.NS
Feb 5 (Reuters) - Info Edge (India) Ltd INED.NS:
Q3 CONSOL NET PROFIT 2.43 BILLION RUPEES
Q3 CONSOL REVENUE FROM OPERATIONS 7.22 BILLION RUPEES
Source text: [ID:]
Further company coverage: INED.NS
India's PB Fintech reports sharp rise in Q3 profit on insurance boost
Jan 30 (Reuters) - India's PB Fintech PBFI.NS reported a sharp jump in third-quarter profit on Thursday, aided by rising sales of insurance policies.
The company's consolidated net profit rose 88% from a year earlier to 715.4 million rupees ($8.26 million) for the three months ended Dec. 31.
Analysts said PB Fintech continues to benefit from increasing demand in India's largely untapped insurance policy aggregator sector, aided by improving financial awareness and income levels.
The company operates online insurance aggregator Policybazaar and credit marketplace Paisabazaar.
PB Fintech's revenue from operations rose 48% to 12.92 billion rupees, led by a 62% jump in insurance broker services, its largest segment.
The company's insurance premium grew 44%, mainly from a 47% growth in new health and life insurance premium.
Meanwhile, its credit business, which took a hit following the Indian central bank's crackdown on unsecured lending, continued to face slowdown.
PB Fintech said its disbursal in the online credit business was down 20% year-on-year, with revenue from the segment dropping 18%.
However, its total lending disbursal rose 52%, led mainly by the new secured credit business which was started in the previous quarter.
($1 = 86.6000 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)
Jan 30 (Reuters) - India's PB Fintech PBFI.NS reported a sharp jump in third-quarter profit on Thursday, aided by rising sales of insurance policies.
The company's consolidated net profit rose 88% from a year earlier to 715.4 million rupees ($8.26 million) for the three months ended Dec. 31.
Analysts said PB Fintech continues to benefit from increasing demand in India's largely untapped insurance policy aggregator sector, aided by improving financial awareness and income levels.
The company operates online insurance aggregator Policybazaar and credit marketplace Paisabazaar.
PB Fintech's revenue from operations rose 48% to 12.92 billion rupees, led by a 62% jump in insurance broker services, its largest segment.
The company's insurance premium grew 44%, mainly from a 47% growth in new health and life insurance premium.
Meanwhile, its credit business, which took a hit following the Indian central bank's crackdown on unsecured lending, continued to face slowdown.
PB Fintech said its disbursal in the online credit business was down 20% year-on-year, with revenue from the segment dropping 18%.
However, its total lending disbursal rose 52%, led mainly by the new secured credit business which was started in the previous quarter.
($1 = 86.6000 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Varun H K)
Info Edge (India) To Invest About 900 Mln Rupees In Startup Investments (Holding)
Jan 17 (Reuters) - Info Edge (India) Ltd INED.NS:
TO INVEST ABOUT 900 MILLION RUPEES IN STARTUP INVESTMENTS (HOLDING)
Source text: [ID:]
Further company coverage: INED.NS
Jan 17 (Reuters) - Info Edge (India) Ltd INED.NS:
TO INVEST ABOUT 900 MILLION RUPEES IN STARTUP INVESTMENTS (HOLDING)
Source text: [ID:]
Further company coverage: INED.NS
India's Info Edge drops after Q3 billings miss estimates
** Shares of Info Edge INED.NS fall 4%, set for biggest one-day drop since Feb 2024
** The parent of job portal Naukri.com posts Q3 standalone billings of 6.68 bln rupees ($78 mln), up 16% yoy but missing analysts' estimate of 6.83 bln rupees, per LSEG
** Stock rated 'buy' on avg by 18 analysts -LSEG
** Shares have gained 64.2% in last 12 months
($1 = 85.6660 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
** Shares of Info Edge INED.NS fall 4%, set for biggest one-day drop since Feb 2024
** The parent of job portal Naukri.com posts Q3 standalone billings of 6.68 bln rupees ($78 mln), up 16% yoy but missing analysts' estimate of 6.83 bln rupees, per LSEG
** Stock rated 'buy' on avg by 18 analysts -LSEG
** Shares have gained 64.2% in last 12 months
($1 = 85.6660 Indian rupees)
(Reporting by Ananta Agarwal in Bengaluru)
Info Edge (India) Standalone Billings For Q3 Fy24 At 6.68 Bln Rupees
Jan 6 (Reuters) - Info Edge (India) Ltd INED.NS:
STANDALONE BILLINGS FOR Q3 FY24 AT 6.68 BILLION RUPEES
Further company coverage: INED.NS
Jan 6 (Reuters) - Info Edge (India) Ltd INED.NS:
STANDALONE BILLINGS FOR Q3 FY24 AT 6.68 BILLION RUPEES
Further company coverage: INED.NS
Info Edge (India) hits record high after brokerage raises TP
** Shares of online services provider Info Edge (India) INED.NS rise as much as 2.7% to hit a record high of 8,481.40 rupees
** The recruitment segment of the co continues to witness gradual recovery, driven by improved hiring sentiments in the IT sector, brokerage Centrum says after meeting with management
** Maintains "add" rating while raising TP to 8,808 rupees from 8,630 rupees
** Operating losses in 99acres and Jeevansathi have been easing and both these businesses are expected to breakeven over the next 1.5 years - Centrum
** Brokerage expects revenue/EBITDA/PAT to grow at 16.7%/18.4%/17.9% over FY24-FY27
** Avg rating of 19 analysts equivalent of "buy", median PT is 8,311 rupees - LSEG data
** Stock has gained 64.3%, YTD, and on track for best yearly rise since 2020
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
** Shares of online services provider Info Edge (India) INED.NS rise as much as 2.7% to hit a record high of 8,481.40 rupees
** The recruitment segment of the co continues to witness gradual recovery, driven by improved hiring sentiments in the IT sector, brokerage Centrum says after meeting with management
** Maintains "add" rating while raising TP to 8,808 rupees from 8,630 rupees
** Operating losses in 99acres and Jeevansathi have been easing and both these businesses are expected to breakeven over the next 1.5 years - Centrum
** Brokerage expects revenue/EBITDA/PAT to grow at 16.7%/18.4%/17.9% over FY24-FY27
** Avg rating of 19 analysts equivalent of "buy", median PT is 8,311 rupees - LSEG data
** Stock has gained 64.3%, YTD, and on track for best yearly rise since 2020
(Reporting by Ashish Chandra in Bengaluru)
((ashish.chandra@thomsonreuters.com (+91 7982114624))
Info Edge India gains after Goldman Sachs upgrades to 'buy'
** Online services provider Info Edge India INED.BO climbs 5.42%; set to gain for third straight week
** Goldman Sachs upgrades to "buy" from "sell"; raises PT from 5,700 rupees to 8,600 rupees, 8.5% upside to stock's current price of 7,922.75 rupees
** Sees co's recruitment rev growing at 16% CAGR in FY25-28 on better-than-expected outlook on growth/hiring by large-cap IT companies in its coverage vs 8% in FY23-25
** Forecasts 17% CAGR for overall rev in FY25-28 and 24% CAGR for EPS in the same period
** Stock up 46.2% this year, as of last close
(Reporting by Ananta Agarwal in Bengaluru)
** Online services provider Info Edge India INED.BO climbs 5.42%; set to gain for third straight week
** Goldman Sachs upgrades to "buy" from "sell"; raises PT from 5,700 rupees to 8,600 rupees, 8.5% upside to stock's current price of 7,922.75 rupees
** Sees co's recruitment rev growing at 16% CAGR in FY25-28 on better-than-expected outlook on growth/hiring by large-cap IT companies in its coverage vs 8% in FY23-25
** Forecasts 17% CAGR for overall rev in FY25-28 and 24% CAGR for EPS in the same period
** Stock up 46.2% this year, as of last close
(Reporting by Ananta Agarwal in Bengaluru)
Info Edge (India) To Invest 30 Million Rupees In Unit NewInc Internet Services
Nov 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - TO INVEST 30 MILLION RUPEES IN UNIT NEWINC INTERNET SERVICES
Source text: [ID:]
Further company coverage: INED.NS
Nov 19 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) - TO INVEST 30 MILLION RUPEES IN UNIT NEWINC INTERNET SERVICES
Source text: [ID:]
Further company coverage: INED.NS
Info Edge (India) Sept-Quarter Consol Net Profit 232.6 Mln Rupees
Nov 8 (Reuters) - Info Edge (India) Ltd INED.NS:
SEPT-QUARTER CONSOL NET PROFIT 232.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.01 BILLION RUPEES
DIVIDEND 12 RUPEES/SHR
Source text: ID:nBSE9SYFG7
Further company coverage: INED.NS
Nov 8 (Reuters) - Info Edge (India) Ltd INED.NS:
SEPT-QUARTER CONSOL NET PROFIT 232.6 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 7.01 BILLION RUPEES
DIVIDEND 12 RUPEES/SHR
Source text: ID:nBSE9SYFG7
Further company coverage: INED.NS
India's PB Fintech posts fourth straight quarterly profit on insurance broking boost
BENGALURU, Nov 5 (Reuters) - India's PB Fintech PBFI.NS, which owns and operates online insurance aggregator Policybazaar, reported a profit for a fourth straight quarter on Tuesday, aided by higher demand for insurance policies.
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 506.7 million rupees ($6 million) for the quarter ended Sept. 30, compared with a loss of 202.5 million rupees a year ago.
Analysts said PB Fintech, which has seen a sharp rise in its topline in recent quarters, continues to benefit from increasing demand in India's largely underpenetrated insurance policy sector, aided by improving financial literacy and income levels.
PB Fintech's revenue from operations rose 44% to 11.67 billion rupees, led by a jump in insurance broking, its largest segment, which grew 58%.
The company's insurance premium for the quarter grew 57%, aided mainly by a 69% growth in new health and life insurance.
Meanwhile, its credit business, which had taken a hit due to the Indian central bank's crackdown on unsecured lending, faced some slowdown, with disbursement remaining flat during the quarter compared to last year, and revenue declining 8%.
Shares of the company ended 4.2% lower ahead of the results.
($1 = 84.0850 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Vijay Kishore)
BENGALURU, Nov 5 (Reuters) - India's PB Fintech PBFI.NS, which owns and operates online insurance aggregator Policybazaar, reported a profit for a fourth straight quarter on Tuesday, aided by higher demand for insurance policies.
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 506.7 million rupees ($6 million) for the quarter ended Sept. 30, compared with a loss of 202.5 million rupees a year ago.
Analysts said PB Fintech, which has seen a sharp rise in its topline in recent quarters, continues to benefit from increasing demand in India's largely underpenetrated insurance policy sector, aided by improving financial literacy and income levels.
PB Fintech's revenue from operations rose 44% to 11.67 billion rupees, led by a jump in insurance broking, its largest segment, which grew 58%.
The company's insurance premium for the quarter grew 57%, aided mainly by a 69% growth in new health and life insurance.
Meanwhile, its credit business, which had taken a hit due to the Indian central bank's crackdown on unsecured lending, faced some slowdown, with disbursement remaining flat during the quarter compared to last year, and revenue declining 8%.
Shares of the company ended 4.2% lower ahead of the results.
($1 = 84.0850 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Vijay Kishore)
Info Edge (India) To Invest 300 Mln Rupees In Unit Redstart Labs
Oct 22 (Reuters) - Info Edge (India) Ltd INED.NS:
TO INVEST 300 MILLION RUPEES IN UNIT REDSTART LABS
Source text for Eikon: ID:nBSE9h1Cqd
Further company coverage: INED.NS
Oct 22 (Reuters) - Info Edge (India) Ltd INED.NS:
TO INVEST 300 MILLION RUPEES IN UNIT REDSTART LABS
Source text for Eikon: ID:nBSE9h1Cqd
Further company coverage: INED.NS
Info Edge India up after Nomura says Naukri Q2 billings growth "strong"
** Shares of Info Edge (India) INED.NS rise 3% to 8214 rupees
** Internet-based service provider operates job website Naukri.com, and property portal 99acres.com among others
** Co said its mainstay recruitment billings grew 14% YoY to 4.92 bln rupees ($58.6 million) in Q2; real estate billings rose 16.5% YoY to 1.07 bln rupees
** Naukri billings grew 7.2% and 9.2% in Q4FY24 and Q1FY25 respectively
** Q2 Naukri billings growth "strong" says Nomura, adds bottoming out of IT hiring likely driving recovery
** Brokerage retains "buy" rating, TP at 8,280 rupees; co rated "buy" on avg, with median PT 7,650 rupees - LSEG
** YTD stock has jumped ~60%
($1 = 83.9260 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
** Shares of Info Edge (India) INED.NS rise 3% to 8214 rupees
** Internet-based service provider operates job website Naukri.com, and property portal 99acres.com among others
** Co said its mainstay recruitment billings grew 14% YoY to 4.92 bln rupees ($58.6 million) in Q2; real estate billings rose 16.5% YoY to 1.07 bln rupees
** Naukri billings grew 7.2% and 9.2% in Q4FY24 and Q1FY25 respectively
** Q2 Naukri billings growth "strong" says Nomura, adds bottoming out of IT hiring likely driving recovery
** Brokerage retains "buy" rating, TP at 8,280 rupees; co rated "buy" on avg, with median PT 7,650 rupees - LSEG
** YTD stock has jumped ~60%
($1 = 83.9260 Indian rupees)
(Reporting by Hritam Mukherjee in Bengaluru)
Info Edge (India) climbs on Q1 profit rise
** Shares of Info Edge (India) INED.NS are up 4.5% at 7,219 rupees
** Naukri.com owner reported 47% y/y rise in Q1 profit, rev rose 8%
** Co posts fourth straight qtr of profit rise
** Stock is rated "buy" on avg, similar to other internet stocks Zomato ZOMT.NS and Just Dial JUST.NS - LSEG data
** INED up 40% YTD vs ZOMT's 117% and JUST's 60% rise
(Reporitng by Nishit Navin)
** Shares of Info Edge (India) INED.NS are up 4.5% at 7,219 rupees
** Naukri.com owner reported 47% y/y rise in Q1 profit, rev rose 8%
** Co posts fourth straight qtr of profit rise
** Stock is rated "buy" on avg, similar to other internet stocks Zomato ZOMT.NS and Just Dial JUST.NS - LSEG data
** INED up 40% YTD vs ZOMT's 117% and JUST's 60% rise
(Reporitng by Nishit Navin)
India's PB Fintech posts Q1 profit on insurance boost
BENGALURU, Aug 6 (Reuters) - India's PB Fintech PBFI.NS, the parent of online insurance aggregator Policybazaar, reported a profit for a third-straight quarter on Tuesday, aided by rising sales of insurance policies.
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 601.8 million rupees ($7.2 million) for the quarter ended June 30, compared to a loss of 114.1 million rupees a year ago.
Analysts said PB Fintech continues to benefit from increasing sales of insurance policies in the Indian market, with rising financial awareness.
PB Fintech's revenue from operations rose nearly 52% to 10.10 billion rupees, led by a 67% growth in its largest segment - insurance broking.
Online insurance new premium increased 62% year-on-year, led by growing demand for health and life insurance policies, the company added.
Meanwhile, its credit business growth, which had taken a hit in the previous quarter following the Indian central bank's crackdown on unsecured lending, remained sluggish.
PB Fintech disbursed credit worth 31.40 billion rupees during the quarter, down from 35.42 billion rupees a year earlier.
The company's shares ended 2.6% lower ahead of the results.
($1 = 83.9040 Indian rupees)
(Reporting by Nishit Navin; Editing by Eileen Soreng)
BENGALURU, Aug 6 (Reuters) - India's PB Fintech PBFI.NS, the parent of online insurance aggregator Policybazaar, reported a profit for a third-straight quarter on Tuesday, aided by rising sales of insurance policies.
The company, which also operates online credit marketplace Paisabazaar, posted a consolidated net profit of 601.8 million rupees ($7.2 million) for the quarter ended June 30, compared to a loss of 114.1 million rupees a year ago.
Analysts said PB Fintech continues to benefit from increasing sales of insurance policies in the Indian market, with rising financial awareness.
PB Fintech's revenue from operations rose nearly 52% to 10.10 billion rupees, led by a 67% growth in its largest segment - insurance broking.
Online insurance new premium increased 62% year-on-year, led by growing demand for health and life insurance policies, the company added.
Meanwhile, its credit business growth, which had taken a hit in the previous quarter following the Indian central bank's crackdown on unsecured lending, remained sluggish.
PB Fintech disbursed credit worth 31.40 billion rupees during the quarter, down from 35.42 billion rupees a year earlier.
The company's shares ended 2.6% lower ahead of the results.
($1 = 83.9040 Indian rupees)
(Reporting by Nishit Navin; Editing by Eileen Soreng)
Info Edge (India) Says Apax Digital Funds Will Acquire 52.1% Stake In Unit Greythr
Aug 5 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - APAX DIGITAL FUNDS WILL ACQUIRE 52.1% STAKE IN UNIT GREYTHR
Further company coverage: INED.NS
Aug 5 (Reuters) - Info Edge (India) Ltd INED.NS:
INFO EDGE (INDIA) LTD - APAX DIGITAL FUNDS WILL ACQUIRE 52.1% STAKE IN UNIT GREYTHR
Further company coverage: INED.NS
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What does Info Edge do?
Info Edge (India) is primarily engaged in providing online & offline services primarily through its online portals such as Naukri.com, Jeevansathi.com, 99acres.com, shiksha.com, iimjobs.com & offline portal Quadrangle.com. It has also made forays abroad into the Gulf market with the website www.naukrigulf.com and currently has offices Dubai, Bahrain, Riyadh and Abu Dhabi. The company's spirit of entrepreneurship has also been evident in the investments it has made in early stage companies/start-up ventures to tap into the growing and vibrant Indian internet market.
Who are the competitors of Info Edge?
Info Edge major competitors are TeamLease Services, Integrated Personnel, Indiamart Intermesh, CarTrade Tech, Just Dial, RattanIndia Ent, MSTC. Market Cap of Info Edge is ₹64,421 Crs. While the median market cap of its peers are ₹3,977 Crs.
Is Info Edge financially stable compared to its competitors?
Info Edge seems to be less financially stable compared to its competitors. Altman Z score of Info Edge is 5.18 and is ranked 5 out of its 8 competitors.
Does Info Edge pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Info Edge latest dividend payout ratio is 40.36% and 3yr average dividend payout ratio is 44.87%
How has Info Edge allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Info Edge balance sheet?
Balance sheet of Info Edge is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Info Edge improving?
Yes, profit is increasing. The profit of Info Edge is ₹1,705 Crs for TTM, ₹962 Crs for Mar 2025 and ₹575 Crs for Mar 2024.
Is the debt of Info Edge increasing or decreasing?
Yes, The net debt of Info Edge is increasing. Latest net debt of Info Edge is -₹294.63 Crs as of Sep-25. This is greater than Mar-25 when it was -₹531.51 Crs.
Is Info Edge stock expensive?
Info Edge is not expensive. Latest PE of Info Edge is 47.81, while 3 year average PE is 76.7. Also latest EV/EBITDA of Info Edge is 59.01 while 3yr average is 109.
Has the share price of Info Edge grown faster than its competition?
Info Edge has given better returns compared to its competitors. Info Edge has grown at ~12.06% over the last 3yrs while peers have grown at a median rate of -4.57%
Is the promoter bullish about Info Edge?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Info Edge is 37.59% and last quarter promoter holding is 37.59%.
Are mutual funds buying/selling Info Edge?
The mutual fund holding of Info Edge is increasing. The current mutual fund holding in Info Edge is 14.55% while previous quarter holding is 13.85%.
