Info Edge India (Naukri.com) posts consolidated profit on Rs 60.39 crore in March quarter

17 May 2024 , 03:08 PM

Info Edge India announced its Q4 results on May 16, 2024, revealing a top-line growth of 8.7% and a profit of ₹60.39 Crore. This marks a significant turnaround from the loss of ₹272.83 Crore reported in the same period last fiscal year.

The company’s revenue experienced a growth of 4.83% compared to the previous quarter. However, Selling, general & administrative expenses rose by 3.29% quarter-on-quarter (q-o-q) and 2.88% year-on-year (y-o-y).

Despite the increase in expenses, Info Edge India’s operating income decreased by 82.54% q-o-q and 53.13% y-o-y. The earnings per share (EPS) for Q4 stood at ₹11.43, indicating a significant 170.53% increase y-o-y.

Regarding stock performance, At the time of writing, the stock was trading at ₹6221.80 which is a 6.05% gain than the previous close. The stock has gained 62.19% in the last one year, and 20.82% since the beginning of the year.

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