Info Age’s integrated net profit for the quarter ended December 2024 was about Rs 242.6 crore with an annual increase of 61 percent. The board of directors of the company also approved the division of shares in the ratio of 1: 5. According to a regulatory notice by Info Edge, the objective of share division is to increase the liquidity of equity shares of the company and encourage retail investors’ participation by making the company more economical. On the integrated basis, the company’s operational income increased by about 15 percent to Rs 722.3 crore in the third quarter of the current financial year.
Info Age said, “In its meeting held today by the board of directors of the company… the current equity share of the company, whose marked value is Rs 10 (only ten rupees), in full five equity stocks to pay up the sub-division in five equity shares. Partition is considered and approved. ”It further states that it is subject to any regulatory/statutory approval required by the approved and applied law through the postal ballot by shareholders.
Info Age Managing Director and Chief Executive Officer said the company achieved 16% billing growth in the third quarter, which is the result of a continuous better performance in all four verticals. “Our recruitment business continued its growth rate in all segments, which improved the operating profit. In addition, non-rituals are also getting closer to brake-building, which bring us into stronger development. ”
Info Edge Director and Chief Financial Officer (CFO) said in a statement that due to overall improvement in the company’s business performance, Info Edge has increased 20% year-on-year growth in standalone operating profit and 27 to generate cash from operations. Refined an increase of %. As of 31 December 2024, the company has a cash balance of Rs 4,290 crore, which shows the company’s strong financial condition.
The net profit of INFO EDGE (India) rose 60.56% to ₹ 242.59 crore in the quarter ended December 2024, which was ₹ 151.09 crore in the last quarter ended in December 2023.
Sales also recorded an increase of 15.19%, which was ₹ 722.40 crore in the quarter ended December 2024, while it was ₹ 627.12 crore in the quarter of December 2023.
The Board of Info EDGE (India) has approved to enter the contribution agreement with the IE Venture Investment Fund III scheme to be launched by Karkardooma Trust on 5 February 2025. This trust is registered as the category II Alternative Investment Fund under SEBI and works according to the 2012 SEBI (Alternative Investments Funds) regulations.
The total amount of up to ₹ 1,000 crore by the company or its fulfillment is under the approval of SEBI and the company’s shareholders. This contribution can be made directly or through subsidiary companies according to the multiple drawdowns made by the fund from time to time.