Here's why Info Edge shares fell 5% on Monday
Published on 07/07/2025 12:11 PM
Here's why Info Edge shares fell 5% on MondayEarlier this year, Info Edge had announced it would be splitting one equity share of ₹10 each into five shares of ₹2 each.By Shloka Badkar July 7, 2025, 12:11:30 PM IST (Published)2 Min ReadShares of Info Edge (India) Ltd., the parent company of Naukri.com, declined over 5% on Monday, July 7, after the company reported its first quarter business update.
Its standalone billings increased 11.23% in the June quarter to ₹644.2 crore from ₹579.4 crore in the year-ago period.
Its recruitment billings were up 9% while its real estate billings were up 16% when compared to the same quarter last year.
In the fourth quarter, Info Edge reported a net profit of ₹463.3 crore compared to ₹60.3 crore in the previous year. Its revenue increased 14% to ₹749.6 crore, while its earnings before interest taxes depreciation and amortisation (EBITDA) margin contracted to 33.07% from 33.3% in the previous year.
The company's board also recommended a final dividend of ₹3.6 per equity share for FY25.
Earlier this year, Info Edge had announced it would be splitting one equity share of ₹10 each into five shares of ₹2 each. All new shares issued will rank equally with the existing shares in all respects. It had set May 7 as the record date for the same.
Info Edge shares declined 5.5% to hit an intraday low ₹1,404.1 apiece on Monday, July 7. The stock was down 5% at ₹1,411.8 apiece at 11.35 am. It has declined 19.2% this year, so far.
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