Despite a 14% year-over-year increase in Q3 revenue at Info Edge, reaching INR 7.6 billion, the company's stock has experienced a 23.1% decline over the past year. The growth was driven by an 11.8% increase in billings and a 300 basis point expansion of operating profit margins to INR 3 billion.

Info Edge, in response to a Rs. 3.6 crore tax demand for the upcoming fiscal year, has filed an appeal. Historically, Info Edge has been successful in resolving similar tax disputes, suggesting minimal anticipated financial impact.