Info Edge (India) Ltd. witnessed a significant decline in its share price on Thursday following the announcement of its Q2 FY25 financial results. The stock dropped by 4.07%, trading at ₹7,581.45, down from the previous close of ₹7,903.00. This sharp decline translated into a market capitalization loss of ₹4,099.3 crore, bringing the company’s total market cap down to ₹98,243.55 crore.
Key Financial Highlights
- Revenue from Operations:
- Info Edge reported a revenue of ₹656 crore for Q2 FY25, marking a 10.6% increase from ₹593 crore in Q2 FY24. This growth reflects the company’s continued expansion across its primary business verticals.
- Net Profit:
- Net profit for the quarter stood at ₹86 crore, a decrease of 58.9% from ₹209 crore recorded in the corresponding quarter last year. The decline in profit is attributed to various operational costs and investment impacts.
- Comprehensive Income:
- Total comprehensive income, which includes both net profit and other comprehensive income, amounted to ₹715 crore in Q2 FY25, up from ₹582 crore in Q2 FY24, showcasing an overall growth in total income despite profit challenges.
