India's Info Edge shares down; brokerages flag slower Q4 billings growth

Info Edge (India)

09/04/2026 08:38

** Shares of Info Edge (India)INED.NS fall 2.4% to 1,007.95 rupees

** Stock set to snap five sessions of gains

** Co reported fourth-quarter standalone billings of 10.57 billion rupees, 7.4% increase y/y

** HSBC ("buy", but cuts TP to 1525 rupees from 1625 rupees) says overall Q4 billings growth slowed due to transitionary impact from changes in property listings platform 99acres

** Nomura ("buy", TP: 1500 rupees) says overall Q4 billings rose below its expectation of 11% y/y growth

** JM Financial ("reduce", TP:1050 rupees) also says co's billings were below expectations, led by weaker-than-expected performance in 99acres and education verticals

** YTD stock down ~23%

(Reporting by Surbhi Misra in Bengaluru)

((Surbhi.Misra@thomsonreuters.com |  X: https://twitter.com/SurbhiMisra_  |;))