10 Aug 2024

Info Edge (India) Reports Robust 76% Increase in Q1 Consolidated Net Profit

Info Edge (India) is currently trading at Rs. 7215.00, marking an increase of 299.90 points or 4.34% from its previous close of Rs. 6915.10 on the BSE.

The stock opened at Rs. 7000.00 and has fluctuated between a high of Rs. 7249.95 and a low of Rs. 6973.80. A total of 10,120 shares have been traded so far.

This BSE group 'A' stock, with a face value of Rs. 10, has reached a 52-week high of Rs. 7325.00 on August 2, 2024, and a 52-week low of Rs. 3973.15 on October 26, 2023.

Over the past week, the stock's high and low were Rs. 7249.95 and Rs. 6787.00, respectively. The company's current market capitalization stands at Rs. 92,993.54 crore.

The company's promoter holdings are at 37.88%, while institutional and non-institutional holdings are at 51.50% and 10.62%, respectively.

For the quarter ended June 30, 2024 (Q1FY25), Info Edge (India) reported a 16.20% increase in net profit, amounting to Rs. 232.29 crore, compared to Rs. 199.90 crore in the same period last year. The company's total income rose by 11.49% to Rs. 715.87 crore for Q1FY25, up from Rs. 642.08 crore in the previous year.

On a consolidated basis, the company's net profit surged by 75.61% to Rs. 258.86 crore for Q1FY25, compared to Rs. 147.41 crore in the same period last year. The total income for the quarter increased by 20.07% to Rs. 827.92 crore, up from Rs. 689.54 crore in the previous year.