Shares of this large-cap internet company which is in the business of online recruitment run under the brand naukri.com which accounts for approx 80 percent of traffic share is up 3 percent to Rs.272 per share, following the board of directors approved share split in the ratio of 1:5.
Price Variation
In Thursday’s session, Info Edge (India) Limited‘s share price jumped 3 percent to a day’s high of Rs.7,680 per share. The stock has reiterated from a day’s high and was trading at Rs. 7,557 which is 1.46 percent higher than the previous closing price of Rs. 7,448.40 per share. It has delivered a return of around 55 percent return in the past year.
What happened
Info Edge (India) Ltd has released a filing on the Board of Directors to consider a stock split for the face value of Rs. 10 per equity share. The stock split is subject to the shareholder’s approval in the upcoming meeting scheduled for Wednesday, February 05, 2025. For the first time, the company is planning to split the shares but they have declared bonus shares in the past.
Financial Performance
Looking at the company’s financials, Info Edge (India) reported a revenue of Rs.701 crore for Q2FY25, marking an 11.98 percent increase from Rs.626 crore in the same quarter last year. However, Profit After Tax (PAT) declined by 64.58 percent to Rs.85 crore, down from Rs.240 crore in the previous year’s quarter.
Revenue Segment
The company earns its revenue from Recruitment Services which contributes around 75.43 percent, 15.55 percent from 99acres for real estate, and the remaining 9.02 percent from others as of September 2024.
Company Profile
Info Edge (India) Ltd is a leading technology holding company specializing in internet-based services, operating platforms like Naukri.com, Jeevansathi.com, and 99acres.com, while also investing in startups.
Written by – Santhosh S
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