This LargeCap IT company is in focus after it jumped over 4 percent following the announcement that the company has decided on a 1:5 stock split. Where each investor’s shares will be subdivided into 5 shares.
Share Price Movement
With a market capitalization of Rs. 87,165 Crore, the stock of Info Edge opened at Rs. 6799.80, up 3.89 percent from yesterday’s close, and after opening, it made a high of Rs. 6813.50, up 4.10 percent. Additionally, the Yearly return for the stock is 16 percent, and the past 5-year return is a decent 170 percent.
Stock Split Update
The Board has decided on a sub-division / split of existing Equity shares of the Company, on a 1:5 ratio; after the split, 1 equity share having a face value of Rs. 10 will be sub-divided into 5 equity shares having a face value of Rs 2 each. The Record date for the spilt is Wednesday, May 7, 2025.
Also read: FMCG stock jumps 9% after Madhusudhan Kela acquires 4.60% fresh stake in the company
Financial Highlights
The company reported a 15.15 percent YoY increase in revenue from Rs. 627 Crore in Q3FY24 to Rs. 722 Crore in Q3FY25. On a QoQ basis, the company reported an increase of 2.99 percent in revenue from Rs. 701 Crore in the previous quarter.
Their Net profit saw an increase of 142.01 percent YoY from Rs. 119 Crore to Rs. 288 Crore for the same period. On a QoQ basis, the company reported an impressive increase of 238.82 percent in Net profit from Rs. 85 Crore in the previous quarter.
About the Company
The company was incorporated on May 1, 1995, under the Companies Act, 1956 as Info Edge (India) Private Limited and became a public limited company on April 27, 2006. Starting with a classified recruitment online business, naukri.com, Info Edge has grown and diversified rapidly, setting benchmarks as a pioneer for others to follow. Driven by innovation, creativity, an experienced and talented leadership team and a strong culture of entrepreneurship, today, it is India’s premier online classifieds company in recruitment, matrimony, real estate, education and related services.
Written By Abhishek Das
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
