Shares of this large-cap technology company which is in the business of online recruitment run under the brand naukri.com which accounts for approx 80 percent of traffic share, were in focus after its subsidiary Jeevansathi invested Rs. 30 crore in Aisle Network.
Price Variation
In Tuesday’s session, Info Edge (India) (NSE:INED) share price jumped 1.50 percent to a day’s high of Rs. 6,577.50 per share. The stock has reiterated from a day’s high and was trading at Rs. 6,534.20 which is 0.83 percent higher than the previous closing price of Rs. 6,480.15 per share.
It has delivered a return of around 26 percent return in the past year compared to Nifty Index, which Info Edge has outperformed.
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What happened
Info Edge (India) stock surged after an exchange filing revealed that its wholly owned subsidiary Jeevansathi Internet Services Private Limited’s board of directors on 17th March 2025 agreed to invest Rs. 30 crore in its subsidiary Aisle Network Private Limited.
Financial Performance
Looking at the company’s financials, Info Edge (India) reported a revenue of Rs. 722 crore for Q3FY25, marking a 15.15 percent increase from Rs. 627 crore in the same quarter last year. However, Profit After Tax (PAT) increased by 142 percent to Rs. 288 crore, up from Rs. 119 crore in the previous year’s quarter.
Revenue Segment
The company earns its revenue from Recruitment Services which contributes around 72.95 percent, 14.41 percent from 99acres for real estate, and the remaining 12.62 percent from others for the December 2024 quarter.
Company Profile
Info Edge (India) Ltd is a leading technology holding company specializing in internet-based services, operating platforms like Naukri.com, Jeevansathi.com, and 99acres.com, while also investing in startups.
Written by – Santhosh S
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