Strong growth prospects, mixed valuations seen for Info Edge stock

A continued slowdown in IT hiring remains a risk. IT billings growth slowed to single digits, while non-IT segments grew 14 per cent Y-o-Y and this supported growth

Info Edge (India), the country’s leading consumer internet company known for its platforms in recruitment (naukri.com), real estate (99acres.com), matrimony (jeevansathi.com) and education (shiksha.com) space, delivered revenue growth in line with expectations in the April-June quarter (Q1) of FY25.

Standalone revenue rose 9.3 per cent year-on-year (YoY) and was up 5 per cent quarter-on-quarter (Q-o-Q) to Rs 630 crore, while the Ebitda margin came in at 39 per cent (down 160bp Q-o-Q but up 25bp Y-o-Y). The latter was a disappointment. Billings were up 10.8 per cent Y-o-Y to Rs 570 crore. The adjusted profit after tax