Info Edge's stock spurts ~7% on robust Q4 -; FY22 growth numbers

31 May 2022 , 12:29 PM

Info Edge (India) Ltd.’s counter advanced nearly 7% post the company’s announcement of phenomenal growth in quarter and financial year ended March 31, 2022.

The company has logged a growth of 66.90% yoy in Q4FY22 at Rs120.70 crore.

In Q4FY22 company posted a 51.60% yoy jump in net sales at Rs455.51 crore against the previous corresponding quarter.

Cash EBIDTA of Info Edge in Q4FY22 was reported at Rs341.70 crore, up 84.8% yoy. Cash EBITDA Margin stood at 52.6% in Q4FY22, up against 43.4% in Q4FY21.

Info Edge logged 85.3% yoy growth in standalone net profit to Rs520.54 crore. Net sales increased to Rs1,562.46 crore in FY22 against FY21.

The company informed that the recruitment segment’s (Naukri) Q4FY22 revenue growth remained robust at 65% yoy, while billings grew 67% yoy. EBITDA margin for the quarter further increased to 60%. Jeevansathi revenue declined 2% yoy, while Shiksha registered growth of 58% yoy.

The board has recommended a dividend of Rs13 per share during the current financial year.

At around 12.24 PM, Info Edge (India) was trading at Rs4,085.20 up by Rs279.1 or 7.33% from its previous closing of Rs3,806.10 on the BSE. The scrip touched intraday high and low of Rs4,095 and Rs3,795 respectively.