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Info Edge Q3 Results: The company's revenue from operations rose 15.2% YoY to Rs 722.39 crore, up from Rs 627.12 crore in the same quarter last year. The company reported a 20.4% YoY increase in operating profit, reaching Rs 263.4 crore in Q3FY25, up from Rs 218.7 crore last year. Operating profit margins improved to 39.2% of revenue.
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The Indian rupee weakened to a historic low of 87.35 against the U.S. dollar, influenced by expectations of an impending rate cut by the Reserve Bank of India and strong dollar demand from importers. Despite a softer dollar aiding other Asian currencies, India's persistent foreign portfolio outflows added further pressure, resulting in nearly 0.3% depreciation on the day.
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Also, largely the largecap stocks are reaching that reasonable valuation phase. There is still a lot of overvaluation in some of the midcap pockets, but I think that also will get corrected over time. So, we are not at the sweet spot as yet where valuations are mouthwatering and it is no brainer to go and buy stocks, but we seem to be getting over there.
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