Info Edge up 3% after Q1FY21 results; Axis Capital maintains 'ADD'

Axis Capital expects to see the company's gradual recovery from Q3FY21

Shares of Info Edge gained 3.88 per cent to Rs 3,419.85 on the BSE on Tuesday after the company reported consolidated net profit of Rs 93.66 crore in the June quarter of FY21 (Q1FY21) as compared to loss of Rs 190.91 crore reported in Q1FY20.

Consolidated revenue declined 10.8 per cent year-on-year (YoY) to Rs 285 crore during the quarter. Earnings before interest, tax, depreciation, and ammortisation (Ebitda) stood at Rs 104 crore. The Ebitda margin in Q1FY21 came in at 37.3 per cent.

The company recorded billing of Rs 188.6 crore for the quarter as compared to Rs 336.3 crore in