Info Edge India (INFOE IN): Buy: 1Q27 billings growth reinforces the relevance and dominance of Naukri

研报英文原文证据摘录

Info Edge India (INFOE IN): Buy: 1Q27 billings growth reinforces the relevance and dominance of Naukri

Equities ● Internet Software & Services

8 July 2026

Financials & valuation: Info Edge India Buy

Financial statements ESG metrics

Year to 03/2026a 03/2027e 03/2028e 03/2029e Environmental Indicators 03/2025a Governance Indicators 03/2026a

Profit & loss summary (INRm) GHG emission intensity* n/a No. of board members 10

Revenue 30,315 33,829 39,881 46,195 Energy intensity* n/a Average board tenure (years) 11.0

EBITDA 12,271 14,568 18,199 21,683 CO2 reduction policy Yes Female board members (%) 20

Depreciation & amortisation -891 -947 -997 -1,155 Social Indicators 03/2025a Board members independence (%) 60

Operating profit/EBIT 11,380 13,621 17,202 20,528 Employee costs as % of revenues 21.4

Net interest 0 0 0 0 Employee turnover (%) n/a

PBT 66,406 17,321 21,892 25,218 Diversity policy Yes

HSBC PBT 66,406 17,321 21,892 25,218

Taxation 11,049 4,421 5,588 6,437 Source: Company data, HSBC

Net profit 55,357 12,900 16,304 18,781 * GHG intensity and energy intensity are measured in kg and kWh respectively against revenue in USD ‘000s

HSBC net profit 55,357 12,900 16,304 18,781

Cash flow summary (INRm)

Issuer information

Cash flow from operations 11,274 15,318 20,584 23,361

Share price (INR) 1159.45 Free float 57%Capex -574 -507 -598 -693

Cash flow from investment -5,565 -1,767 -1,984 -2,217 Target price (INR) 1595.00 Sector Internet Software & Services

Dividends -5,439 -3,870 -4,891 -5,634 RIC (Equity) INED.BO Country/Region India

Change in net debt -1,319 -10,941 -15,095 -17,034 Bloomberg (Equity) INFOE IN Analyst Prateek Maheshwari, CFA

FCF equity 10,700 14,811 19,986 22,668 Market cap (USDm) 7,872 Contact +9198 1937 0718

Balance sheet summary (INRm)