Naukri share price jumps 8% after Q4 result; brokerages raise target prices; here's why

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Info Edge India, which owns portals such as naukri.com, Jeevansathi.com and Shiksha.com, rose 8 per cent in early trade on BSE on Friday, May 17, a day after the company announced its March quarter scorecard. Info Edge share price opened at ₹6043.85 apiece against its previous close of ₹5867.45 and soon jumped 8 per cent to the level of ₹6,338.55. Around 10 am, Naukri share price traded 6.90 per cent up at ₹6,272.40 on the BSE.

Also Read: Aztec Fluids & Machinery share price lists with strong 34.33% premium at ₹90 on the BSE SME Info Edge on Thursday, May 16, reported a consolidated net profit of ₹88 crore for Q4FY24 against a loss of ₹503.2 crore in the same quarter last year. The profit figure, however, was low on quarter-on-quarter (QoQ) terms. The company's net profit in Q3FY24 was ₹119.4 crore.

Consolidated revenue from operations for the quarter under review rose 8.7 per cent year-on-year (YoY) to ₹657.4 crore. In the same quarter last year, the company's revenue was ₹604.8 crore, while in Q3FY24, the revenue figure stood at ₹627.1 crore. Also Read: Premier Roadlines share price makes a positive debut, stock opens with 30% premium at ₹87 apiece on NSE SME The company said its recruitment business witnessed an uptick in Q4.

Non-recruitment businesses continued to deliver robust performance. "Revenues growth in the recruitment business was 3.4 per cent year on year, and for non-recruitment business verticals, namely 99acres.com (the real estate vertical), Jeevansathi.com (the matrimony business), and Shiksha.com (the education business) was 22.5 per cent, 29.2 per cent, and 22.2 per cent respectively," said the company. The company announced a final dividend of ₹12 for the face value of ₹10, for FY24.