Info Edge (India) Limited, the parent company of Naukri.com and 99acres, has reported a strong performance in its Q3FY25 results, leading to positive market sentiment. The company’s shares experienced a rise following the announcement of a 60% year-on-year (YoY) surge in net profit
The share split is aimed at enhancing the liquidity of the company’s equity shares and encouraging the participation of retail investors by making shares of the company more affordable, according to a statutory filing by Info Edge.
The revenue from operations – on a consolidated basis – was nearly 15 percent higher at Rs 722.3 crore in Q3FY25.
The Q3FY25 net profit attributable to equity holders of the parent stood at Rs 242.59 crore, up 61 percent as compared to the same period the previous year.
“Board of Directors of the company at their meeting held today…Have considered and approved…Sub-division/split of the existing 1 (one) equity share of the company having a face value of Rs 10 (Rupees ten only), each fully paid-up, into 5 (five) equity shares having a face value of Rs 2 (Rupees Two only) each, fully paid-up…,” Info Edge said.
This is subject to the approval of the shareholders by way of postal ballot and any regulatory/ statutory approvals, as may be required under applicable law, it further said.
“The record date for the purpose of the sub-division/split of equity shares shall be decided after taking aforesaid approval of the shareholders of the company, and the same will be intimated in due course,” according to the BSE filing.
Hitesh Oberoi, Managing Director, and Chief Executive Officer noted that in Q3, the company achieved 16 percent billing growth, driven by consistent performance across all four verticals.
“Our recruitment business continued its growth trajectory across all segments, contributing to improved operating profits. Additionally, the non-recruitment businesses are also nearing break-even, further strengthening our position for sustained growth,” Oberoi said.
Market Reaction
Following the Q3 results announcement, Info Edge’s share price opened higher, reflecting positive market sentiment. Info Edge share price (NSE: NAUKRI) opened at ₹8,100.00, up from its previous close of ₹7,941.15.
Financial Position
Info Edge’s cash balance on a standalone basis (including wholly-owned subsidiaries) stood at ₹4,290 crore as of December 31, 2024. The deferred sales revenue in the third quarter stood at ₹1,067 crore.