Info Edge Q2 Results Review - Regaining Momentum: Motilal Oswal

Motilal Oswal Report

While we expect a gradual recovery in IT services demand in late FY25, near term recruitment growth is likely to remain range-bound as companies rely on their current bench to meet demand, resulting in overall muted growth for Info Edge India Ltd.

With the management investing prudently, some of its current investments should scale up over the medium-to-long term, thereby contributing to the group’s valuation.

We value the company’s operating entities using DCF valuation. Our SoTP-based valuation indicates a target price of Rs 7,000. Reiterate Neutral.

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