Info Edge (India) advanced 3.91% to Rs 3838 after the companys standalone net profit jumped 66.9% to Rs 120.70 crore on a 51.6% increase in net sales to Rs 455.51 crore in Q4 FY22 over Q4 FY21.
Sales rise 12.88% to Rs 33.75 crore
EBITDA margins improved significantly to 29% during FY22 as compared to 24% in FY21.
In the same meeting, the board has also approved the appointment of Subrakant Panda as an Additional Independent Director effective from May 28, 2022, for a period of five years.
The rating agency further stated that there is no amount outstanding against the rated instrument, and the rating stands withdrawn.
Astral reported a 19% decline in consolidated net profit to Rs 141.10 crore despite of a 23.3% rise in net sales to Rs 1,390.60 crore in Q4 FY22 over Q4 FY21.
Benchmark indices traded near the days high with robust gains in the early afternoon trade. Positive global cues boosted sentiment. The Nifty hovered at the 16,650 mark. All sectoral indices on the NSE were trading in the green with IT, realty and consumer durables shares gaining the most. At 12:23 IST, the barometer index, S&P BSE Sensex jumped 1,024.45 points or 1.87% to 55,909.11. The […]
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