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Info Edge Net Profit Rises 17.88% to Rs 210.94 Cr in Q4 FY24

May 21, 2024

By: BlinkX Research Team

Info Edge (India) reported on Thursday a 17.88% increase in standalone net profit of 210.94 crore rupees in Q4 FY24 compared with 178.93 crore rupees recorded in Q4 FY23. 

Key Takeaways from Info Edge’s Performance:

• Info Edge (India) reported a 17.88% increase in the standalone net profit to 210.94 crore rupees in Q4  FY24 compared with 178.93 crore rupees recorded in Q4 FY23.
• Revenue from operations rose 7.86% to 608.29 crore rupees during the quarter compared with 563.95 crore rupees in the corresponding quarter last year.
•  The board recommended a final dividend of Rs 12 per share for the financial year 2023-24.

Sequentially, revenue from operations rose 7.86% to 608.29 crore rupees during the quarter against 563.95 crore rupees posted in the corresponding quarter last year.

The company’s board of directors declared a final dividend of Rs 12 per share for the financial year 2023-24.

“I’m encouraged to see a slight rebound in our recruitment business after several weak quarters. Excellent execution in both 99acres and Jeevansathi helped reduce operational losses in these verticals from Rs 198 cr in FY23 to Rs 68cr in FY24 with Rs 21cr cash generation in Q4,” Hitesh Oberoi, managing director and CEO of Info Edge said.

According to Chetan Thakur, director and CFO of Info Edge,  cash from the company’s operations grew 13.2% on year in Q4 FY24, resulting in a cash balance of 4,191 crore rupees till the quarter ended March 2024. 

About Info Edge (India) Limited:

Info Edge (India) Limited is among the leading internet companies in India. The company runs leading internet businesses viz. Naukri.com, 99 acres.com and Shiksha.com. Info Edge also owns Quadrangle and Naukri Gulf. It has made significant strategy investments such as zomato.com, policy.bazaar.com and happily unmarried.com among others.

Read More About Info Edge (India) Limited Share Price Here!