Info Edge India Q4 results : profit at ₹60.39Cr, Revenue increased by 8.7% YoY

Info Edge India Q4 Results Live : Info Edge India announced their Q4 results on 16 May, 2024, with a topline growth of 8.7% and a profit of ₹60.39 crore. This is a significant turnaround from the loss of ₹272.83 crore reported in the same period last fiscal year.

The revenue for Info Edge India saw a growth of 4.83% compared to the previous quarter. However, the Selling, general & administrative expenses rose by 3.29% q-o-q and 2.88% y-o-y.

Despite the increase in expenses, the company's operating income took a hit, decreasing by 82.54% q-o-q and 53.13% y-o-y.

The earnings per share (EPS) for Q4 stood at ₹11.43, marking a significant 170.53% increase y-o-y.

In terms of stock performance, Info Edge India delivered -1.43% return in the last week, 23.25% return in the last 6 months, and 14.14% year-to-date return.

Currently, Info Edge India has a market capitalization of ₹75,755.4 crore with a 52-week high/low of ₹6,355 and ₹3,702.95 respectively.

Analysts covering the company have mixed recommendations, with 4 analysts giving a Sell rating, 4 analysts giving a Hold rating, 7 analysts giving a Buy rating, and 6 analysts giving a Strong Buy rating as of 17 May, 2024.

The consensus recommendation as of the same date was to Buy.