Info Edge shares in focus after Q3 net profit jumps 60% YoY. What should investors do?
Info Edge will remain in focus on Thursday after the company posted a net profit of Rs 242.59 crore for the third quarter ending December 2024, up 60.6% year-over-year from Rs 151.09 crore a year earlier.
The company’s revenue from operations for the third quarter grew 15.2% YoY to Rs 722.39 crore, compared to Rs 627.12 crore in the year-ago quarter.
The company said it improved its operating profit margins to 39.2% of revenue and registered a growth of 20.4% in its operating profit, which stood at Rs 263.4 crore on a standalone basis in Q3FY25 as compared to Rs 218.7 crore in the corresponding quarter of the previous year.
“In Q3, we achieved 16% billing growth, driven by consistent performance across all four verticals. Our recruitment business continued its growth trajectory across all segments, contributing to improved operating profits. Additionally, the non-recruitment businesses are also nearing breakeven, further strengthening our position for sustained growth,” said Hitesh Oberoi, Managing Director and Chief Executive Officer, Info Edge.
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