Saturday, November 14, 2026

Here’s why Info Edge shares fell 5% on Monday

Date:

Shares of Info Edge (India) Ltd., the parent company of Naukri.com, declined over 5% on Monday, July 7, after the company reported its first quarter business update.Its standalone billings increased 11.23% in the June quarter to ₹644.2 crore from ₹579.4 crore in the year-ago period.

Its recruitment billings were up 9% while its real estate billings were up 16% when compared to the same quarter last year.

In the fourth quarter, Info Edge reported a net profit of ₹463.3 crore compared to ₹60.3 crore in the previous year. Its revenue increased 14% to ₹749.6 crore, while its earnings before interest taxes depreciation and amortisation (EBITDA) margin contracted to 33.07% from 33.3% in the previous year.The company’s board also recommended a final dividend of ₹3.6 per equity share for FY25.

Earlier this year, Info Edge had announced it would be splitting one equity share of ₹10 each into five shares of ₹2 each. All new shares issued will rank equally with the existing shares in all respects. It had set May 7 as the record date for the same.

Info Edge shares declined 5.5% to hit an intraday low ₹1,404.1 apiece on Monday, July 7. The stock was down 5% at ₹1,411.8 apiece at 11.35 am. It has declined 19.2% this year, so far.

Also Read: IndusInd Bank advances, deposits decline in Q1 — what should investors do?

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

‘Trump has cost us’: After midterm losses, MAGA asks if it’s over

As Republicans faced a nationwide drubbing in Tuesday’s midterm...

Prashant Jain sees 12-15% annual returns from Indian equities over 3-5 years

Question We've had a very painful period for the equity...

Raamdeo Agrawal sees FIIs return as earnings improve and valuations turn attractive

Question Looking at the valuation compression across the market, are...

Stocks to Watch for November 2: Reliance Industries, Jio Platforms, BEL, Vodafone Idea, IOC, M&M and more

From Reliance Industries and Jio Platforms reporting strong quarterly...