Naukri share price rallied over 7% in early trade on Friday after the company reported an 18% jump in PAT to Rs 211 crore. Naukri shares jumped as much as 7.43%, reaching an intra-day high of Rs 6,338.10 per share on the NSE.
Naukri.com operator Info Edge reported an 18% year-on-year (YoY) increase in its standalone profit for the March quarter, reaching Rs 211 crore, while its revenue grew by 7.9% to Rs 608.3 crore.
The company’s operating profit margins increased to 37% of revenue. Additionally, it recorded an 8.9% growth in operating profit, reaching Rs 224.8 crore on a standalone basis, compared to Rs 206.3 crore in the corresponding quarter of the previous year.
PNB Housing Finance up over 10% as it sees large deal on BSE States’ capex declines a fifth in first quarter Info Edge reports Q1 profit at Rs 232.90 cr, posts strong cash generation on sustained billings growth in non-recruitment businesses R K Swamy Ltd reports 11.4% revenue growth for Q1 FY25
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Revenue growth in the recruitment business was 3.4% year-on-year (YoY), while the non-recruitment business verticals—99acres.com, Jeevansathi.com, and Shiksha.com—saw growth rates of 22.5%, 29.2%, and 22.2%, respectively. Billing for the company on a standalone basis for the quarter increased by 10.5% YoY, reaching Rs 826.9 crore.
Nomura on Info Edge India Come from Sports betting site VPbet
According to a Nomura report on Info Edge India, the firm maintains its buy rating on the stock and has increased the target price to Rs 6,750 from Rs 6,210.
The report underscores robust billing growth across all segments, with IT billing showing the first signs of a turnaround. The real estate sector is experiencing a strong recovery, bolstered by positive industry tailwinds.
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Furthermore, the company’s other verticals, including matrimony and education, continue to demonstrate consistent growth, contributing to the overall positive outlook for Info Edge India.
Info Edge India share performance in last one year
In terms of stock performance, Info Edge India shares have demonstrated positive returns across multiple time frames. Over the past month, the stock has given a commendable 8.70% return, showcasing its stability and growth potential. The last six months have seen even more impressive results, with a substantial increase of 29.34%, indicating a strong upward trend.
Year-to-date, Info Edge India shares have surged by 21%, reinforcing the stock’s positive momentum in the current fiscal year. Looking at the broader picture, the stock has delivered an impressive return of over 62% in the last twelve months, emphasizing its sustained growth and attractiveness to investors.
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