Info Edge shares dropped by 3% following the company’s Q2 FY25 results, showing mixed performance.
Revenue from operations rose 10.6% to ₹656 crore, up from ₹593 crore in Q2 FY24, signaling growth across its core businesses. However, net profit plummeted by 58.9% to ₹86 crore, down from ₹209 crore last year.
Despite the profit decline, total comprehensive income surged to ₹715 crore, up from ₹582 crore in Q2 FY24, reflecting positive overall income growth. The company also saw a drop in other income, which affected its profitability.
As of 1:32 pm, Info Edge shares were trading 3.66% lower at Rs 7,613.75 on the NSE.
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