The stock specializing in online services and technology is in focus after the value of the company’s investments in Policybazaar’s parent- PB Fintech, and food delivery aggregator- Zomato, took a sharp hit following the recent correction in both stocks.
Price action
With a market capitalization of Rs. 97,800.37 crores on Tuesday, the shares of Info Edge (India) Limited declined upto 3.8 percent making a low of Rs. 7498.75 per share compared to its previous closing price of Rs. 7,784.50 per share.
What Happened
Info Edge (India) Limited, specializing in online services and technology, has seen a significant erosion in the value of its investments following recent corrections in two key stocks. The company holds a 19 percent stake in PB Fintech and a 12.38 percent stake in Zomato, both of which have fallen by around 30 percent from their record highs.
The company made an initial investment of 13.98 percent stake in Zomato Ltd in September 2022, as of December 2024 the company holds 12.38 percent which consists of ~119.46 crore shares in Zomato Ltd. The stock has fallen almost 30 percent from the record high of Rs. 304.70 which was made in December last year.
As per the sources, Info Edge holds a 19 percent stake in PB Fintech with a value of Rs. 20,200 crores, and the stock has fallen almost 32 percent from its record high of Rs. 2246.90 reached in January.
With both stocks correcting by around 30 percent, the valuation of Info Edge’s stake in PB Fintech and Zomato has eroded by a significant Rs. 17,000 crore from its peak over the past two months.
About the Company
Info Edge (India) Ltd is a leading Indian technology company known for its online services in recruitment, real estate, education, and matrimony. It operates well-known platforms like Naukri.com, 99acres.com, Jeevansathi.com, and Shiksha.com. The company continues to expand its presence across various sectors, driving growth through strategic investments and acquisitions.
Recent Q3 results
The company’s Revenue from operations rose by 37.8 percent YoY from Rs. 659.81 Crores in Q3FY24 to Rs. 909.49 Crores in Q3FY25 and it fell by 0.59 percent QoQ from Rs. 914.94 Crores in Q2FY25 to Rs. 909.49 Crores in Q3FY25.
Its Net Profit rose by 60.5 percent YoY from Rs. 151.09 Crores in Q3FY24 to Rs. 242.59 Crores in Q3FY25 and it grew by 942 percent QoQ from Rs. 23.26 Crores in Q2FY25 to Rs. 242.59 Crores in Q3FY25.
Written by Sridhar J
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