Info Edge India Q1 Results Live: Profit Rise by 46.85% YOY

Info Edge India Q1 Results Live : Info Edge India Q1 Results Live: Info Edge India declared their Q1 results on 09 Aug, 2024. The topline increased by 8.11% & the profit increased by 46.85% YoY. As compared to the previous quarter, the revenue grew by 2.93% and the profit surged by an impressive 285.67%.

The company's Selling, General & Administrative expenses rose by 4.41% quarter-on-quarter and increased by 6.97% year-on-year. Despite this rise in expenses, the operating income saw a significant boost, up by 529.79% quarter-on-quarter and increased by 11.97% year-on-year.

The earnings per share (EPS) for Q1 stood at ₹17.8, reflecting a 45.31% increase year-on-year. This solid performance has translated into returns for investors, with Info Edge India delivering a 0.12% return in the last week, a 25.73% return over the last 6 months, and a 34.48% year-to-date return.

Currently, Info Edge India has a market capitalization of ₹89,292.31 Cr. The company's stock has a 52-week high of ₹7,327.75 and a 52-week low of ₹3,972.05, demonstrating its robust market presence.

As of 10 Aug, 2024, out of the 20 analysts covering the company, 3 have given a Sell rating, 4 have given a Hold rating, 7 have given a Buy rating, and 6 have given a Strong Buy rating. The consensus recommendation is to Buy, reflecting strong confidence in the company's future performance.