Info Edge “hopes” for matrimonial consolidation, backs Rahul Yadav

Even as it prepares for windfall gains from the upcoming IPOs of Zomato and Policybazaar, Info Edge is busy thinking consolidation in classifieds and backing former rivals

author-image

By 

Madhav Chanchani

June 22, 2021

5 Min Read

Info Edge has been a favorite stock for investors looking to bet on the India tech opportunity, as its share price has gone up by more than 150% since the lockdowns began in April last year. It has a market capitalization of close to $8.5 billion. 

The company’s net sales were down by about 14% at Rs 1,099 crore in FY21 despite a significant recovery in the fourth quarter. But it reported a net profit of Rs 1,409 crore at a consolidated level mostly due to unrealized gains in the valuations of its IPO-bound portfolio companies Zomato and Policybazaar. 

There is more cooking at Info Edge, going by the company’s call with analysts on Monday. Here are our key takeaways:

Looking for a Match

Info Edge is sitting on a cash pile of Rs 3,592 crore, a chunk of which came from an institutional placement last year. This will further get boosted with the public offering of Zomato, where it plans to sell shares worth Rs 750 crore. So that will be over Rs 4,350 crore of cash in the bank soon. 

Join now to continue reading

Sign in using

Or

Sign in using your email

Don't have an account?

Forgot Password?

By signing up for The CapTable you agree to the

Terms of Service

and

Privacy Policy

of the platform.

Smart Information, Better Decisions

We report on the latest and most important developments in India’s biggest tech companies and disruptive startups so you can make better decisions.

Inside View with Org Charts

Know the key decision-makers with Org Charts. We thrive on decoding boardroom conversations so we can bring you a 360° view of what's happening at India's high-growth companies.

Seasoned Team

Tracking the highs and lows of India’s biggest internet companies over the past decade has given us access to the right decision-makers to interpret the latest state of play.

Inside View

We thrive on inside scoops and decoding boardroom conversations so we can bring you a 360° view of what’s happening at India’s high-growth companies.

share-button
like-button
share-button

For subscribers only

Premium Reads

>>

View More >>

Deeply reported and objective news on the country´s fastest-growing companies and the people behind them.