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Info Edge (India) Ltd.    
08 Sep 2020
Motilal Oswal
8 September 2020 The complete impact of the COVID-19-led lockdown was seen in the 1QFY21 financial performance, with billings decline of 44% YoY. The drag in revenues (-10.4% YoY) was curtailed due to the subscription- based model of the business. INFOE has shown a high resilience in the margins (+420bp YoY) on account of superior cost optimization. For the first time, the company was able to show gains from investee companies, primarily led by positive contribution margins from Zomato. Traffic on INFOEs operating portals has inched up to pre-COVID levels. Given the companys market positioning, multi-dimensional growth may be expected across its core businesses in the medium-to-long term. We expect long-term growth trends to play out at its operating entities, whose margins continue to inch up on high operating leverage. Furthermore, led by an inclination for profitability in investee companies, we expect consolidated losses to be curtailed over time.
Info Edge (India) Ltd.'s price crossed above SMA30 today
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