Info Edge gains as board OKs 1:5 stock split

Info Edge (India) advanced 2.90% to Rs 7,927.15 after the company announced that its board has approved 5-for-1 stock split.

The company's board approved the sub-division of existing one equity share having a face value of Rs 10 each into five equity shares of Rs 2 each fully paid-up, subject to the approval of the shareholders. The record date for the share split will be intimated in due course, it added.

The sub-division is expected to be completed within 2 months from the date of shareholders approval.

Info Edge (India) is a prominent internet company operating in four key service verticals through various web portals. Their recruitment solutions segment, anchored by Naukri.com, includes other related portals and ancillary services. They also offer real estate services via 99acres.com, matrimonial services through Jeevansathi.com, and education-related services via Shiksha.com.

On a consolidated basis, net profit of Info Edge (India) rose 60.56% to Rs 242.59 crore while net sales rose 15.19% to Rs 722.40 crore in Q3 December 2024 over Q3 December 2023.

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