HSIE Results Daily 25/05/2026: Infoedge
By Prime Research | Published at: May 25, 2026 01:38 PM IST
Open Free Demat Account
Core business stable; investing in AI for growth
Info Edge’s Q4 FY26 standalone billing grew 7% YoY, supported by recruitment and Jeevansathi segments. 99acres achieved a significant milestone by turning EBITDA positive in Q4, despite muted billing growth.
The company continues investing heavily in AI-driven tools across businesses like Naukri, 99acres, and Jeevansathi to improve productivity and customer engagement.
- Q4FY26 highlights: Infoedge revenue grew 5.3% YoY to INR 8.05bn, driven by recruitment, 99acres, Jeevansathi, and Shiksha businesses.
- Recruitment business: Recruitment billing rose 10% YoY despite challenging hiring conditions in GCCs and IT/BPM sectors.
- 99acres: 99acres became EBITDA positive in Q4. The platform maintains leadership in traffic share and user engagement.
- AI initiatives: The company launched AI tools for recruiters, onboarding, and AI-powered resume creation.
- Jeevansathi performance: Jeevansathi billing grew 21% YoY, supported by AI-led improvements in profile recommendations.
- Outlook: Info Edge expects steady revenue CAGR across recruitment, 99acres, and Jeevansathi segments over FY26-28E.
Quarterly Financial Summary
| YE March (INR bn) | 4QFY26 | 4QFY25 | YoY (%) | 3QFY26 | QoQ (%) | FY26 | FY27E | FY28E |
|---|---|---|---|---|---|---|---|---|
| Net Sales | 8.05 | 6.87 | 17.2 | 7.65 | 5.3 | 30.52 | 33.93 | 37.98 |
| EBITDA | 3.50 | 2.59 | 35.0 | 3.25 | 7.7 | 12.48 | 14.00 | 15.83 |
| APAT | 2.93 | 2.47 | 18.4 | 2.95 | -0.8 | 11.12 | 12.21 | 13.76 |
| Diluted EPS (INR) | 4.5 | 3.8 | 18.4 | 4.6 | -0.7 | 18.9 | 21.2 | 23.9 |
| P/E (x) | 51.0 | 45.2 | ||||||
| EV / Revenue (x) | 16.5 | 14.3 | ||||||
| EV / EBITDA (x) | 39.9 | 34.2 | ||||||
| RoE (%) | 6.3 | 6.8 | ||||||
Change in Estimate
| YE March (INR bn) | FY27E Old | FY27E Revised | Change % | FY28E Old | FY28E Revised | Change % |
|---|---|---|---|---|---|---|
| Revenue | 33.53 | 33.93 | 1.2 | 37.35 | 37.98 | 1.7 |
| EBITDA | 13.55 | 14.00 | 3.3 | 15.24 | 15.83 | 3.9 |
| EBITDA margin (%) | 40.4 | 41.3 | 86bps | 40.8 | 41.7 | 90bps |
| APAT | 12.07 | 12.21 | 1.2 | 13.41 | 13.76 | 2.6 |
| EPS (INR) | 18.6 | 18.9 | 1.1 | 20.7 | 21.2 | 2.5 |
BUY
| CMP (as on 22 May 2026) | INR 961 |
| Target Price | INR 1,315 |
| NIFTY | 23,719 |
Key Changes
| OLD | NEW | |
|---|---|---|
| Rating | BUY | BUY |
| Price Target | INR 1,275 | INR 1,315 |
| EPS % FY27E | +1.1 | |
| EPS % FY28E | +2.5 |
Key Stock Data
| Bloomberg code | INFOE IN |
| No. of Shares (mn) | 648 |
| MCap (INR bn) | 623 |
| 6m avg traded value (INR mn) | 1,821 |
| 52 Week high / low | INR 1,550 / 915 |
Stock Performance (%)
| 3M | 6M | 12M | |
|---|---|---|---|
| Absolute (%) | (10.6) | (28.3) | (34.2) |
| Relative (%) | (1.7) | (16.8) | (27.4) |
Shareholding Pattern (%)
| Dec-25 | Mar-26 | |
|---|---|---|
| Promoters | 37.59 | 37.50 |
| FIs & Local MFs | 22.49 | 24.09 |
| FPIs | 29.66 | 27.97 |
| Public & Others | 10.12 | 10.34 |
| Pledged Shares | 0.00 | 0.00 |
Source:
- BSE
- Company, HSIE Research
Disclaimer
At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.
Please Note: The information shared is intended solely for informational purposes and does not make any investment recommendations
Join Us
Add as preferred source on Google
