Info Edge jumps to 52-week high after its Q4 update shows 10.50% rise in standalone billing

The stock of Info Edge, which owns websites such as Naukri.com and 99acres, hit a 52-week high of Rs 6,189.00 on BSE on Monday after the company, in its Q4 update on Sunday, reported a 10.50 per cent Year-on-Year (YoY) jump in its standalone billing.

The stock jumped by 9.01 per cent to the day's high of Rs 6189.00 (52-week high) on Monday after closing at Rs 5677.25 in the previous trading session.

Info Edge Q4 update 

Info Edge released its Q4 update on Sunday (April 7, 2024), showing a 10.50 per cent rise YoY in its standalone billing, which jumped from Rs 748.6 crore to Rs 826.9 crore.

Info Edge standalone billing segment wise

The company's recruitment solutions' sales increased by 7.20 per cent to Rs 625.4 crore in the fourth quarter from Rs 583.5 crore in the same quarter last fiscal.

For real estate (99acres), it soared by 26.40 per cent to Rs 131.1 crore from Rs 103.7 crore.

Info Edge's standalone billing of other business jumped by 14.8 per cent to Rs 70.5 crore from Rs 61.4 crore YoY.