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Info Edge's Q4 profit rose 18% to Rs 211 crore with revenue at Rs 608.3 crore. Operating profit margins at 37%. Final dividend of Rs 12 per share announced. Cash balance at Rs 4,191 crore. CFO highlighted 13.2% growth in cash from operations
Earnings Presentation Quarter ended March 31, 2024 Disclaimer By...
'I'm encouraged to see a slight rebound in our recruitment business,' said Info Edge CEO Hitesh Oberoi
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, the company said in a statement.For the year ended March 31, 2024, Info Edge reported a profit of Rs 594.55 crore.
On the technical charts, the 200-day moving average of the stock stood at Rs 4877.39.