Info Edge takes Rs 8,000 Cr+ Q4 valuation hit on Eternal, PB Fintech stakes
Info Edge booked over Rs 8,000 crore in unrealised Q4 FY26 OCI losses on its Eternal (Zomato) and PB Fintech holdings, including a Rs 5,874 Cr Eternal markdown and Rs 2,287 Cr PB Fintech hit. Investors are pressing to ringfence the venture book from core Naukri, 99acres and Jeevansathi operations.
What happened
Info Edge took an Rs 8,000 Cr+ Q4 FY26 unrealised valuation hit on its Eternal (Zomato) and PB Fintech stakes, with non-cash OCI losses fueling investor calls
Key facts
- Rs 8,000 Cr Q4 valuation hit
- Rs 3,296 crore FY26 fair value gain on Eternal
- Rs 5,874 crore Q4 FY26 loss on Eternal
- Rs 2,287 crore Q4 loss on PB Fintech
- Rs 1,472 crore FY26 net negative on PB Fintech
- Rs 5,200 crore exceptional gain
Why this matters
Pressure to ringfence the venture portfolio raises the odds of a structural separation, spin-off or holdco discount fix—worth scenario-planning carve-out optionality around Naukri, 99acres and Jeevansathi versus the listed-equity book.
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