In the latest quarterly report of Info Edge India, revenue saw a growth of 11.98% year-over-year, while profit witnessed a decline of 88.66% compared to the same period last year.
Info Edge India has recently unveiled its Q2 results on November 8, 2024. The report indicates a notable 11.98% surge in topline revenue year-on-year.
Despite this positive growth, the company experienced a sharp 88.66% drop in profits compared to the corresponding quarter of the previous year.
Info Edge saw a 3.56% increase in revenue in the current quarter compared to the previous one, but experienced a significant 90.01% drop in profits.
Investors are becoming worried about the company’s ability to stay profitable due to escalating expenses.
Quarterly SG&A expenses rose 1%, causing a 9.34% year-over-year increase, while operating income grew 8.95% but declined 2.96% annually.
The company’s ability to maintain profit margins is under scrutiny, with a 87.63% year-on-year EPS drop, now ₹1.62.
Info Edge India reported a 53.75% YTD return, with a market cap of ₹102,186.1 Crores, despite weak quarterly results. Its 52-week range is ₹4,456.1–₹8,472.
As of November 9, 2024, Info Edge India received mixed analyst ratings: 3 sell, 4 hold, 6 buy, and 6 strong buy, with an overall positive Buy consensus.
Info Edge India Financials
| Period of time | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 700.82 | 676.71 | +3.56% | 625.85 | +11.98% |
| Selling/ General/ Admin Expenses Total | 396.79 | 392.86 | +1% | 362.88 | +9.34% |
| Depreciation/ Amortization | 26.88 | 25.7 | +4.61% | 25.95 | +3.6% |
| Total Operating Expense | 482.67 | 476.47 | +1.3% | 401.03 | +20.36% |
| Operating Income | 218.15 | 200.24 | +8.95% | 224.81 | -2.96% |
| Net Income Before Taxes | 500.05 | 331.87 | +50.68% | 308.45 | +62.12% |
| Net Income | 23.26 | 232.9 | -90.01% | 205.12 | -88.66% |
| Diluted Normalized EPS | 1.62 | 17.8 | -90.91% | 13.07 | -87.63% |
