Thursday 28 January 2016

Info Edge Q3 net profit plunges 36.2% to Rs.21.7cr

Total income increased 13.7% to Rs.194.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.171.3 crore in the same quarter last year.


Info Edge
Info Edge (India) Ltd reported a 36.2% decrease in standalone net profit at Rs.21.7 crore for the third quarter that ended on December 31, 2015.

The company had reported a net profit of Rs.38.6 crore for the corresponding quarter last year, it said in a filing to the BSE.

Total income increased 13.7% to Rs.194.9 crore for the quarter ended Dec. 31, 2015 compared with Rs.171.3 crore in the same quarter last year.

During the quarter under review, EBITDA was at Rs.38.4 crore compared with Rs.33.3 crore for the same quarter last year.

Stock Commentary:
Info Edge (India) Ltd is currently trading at Rs. 778, down by Rs. 23.4 or 2.92% from its previous closing of Rs. 801.4 on the BSE.

The scrip opened at Rs. 805 and has touched a high and low of Rs. 817.65 and Rs. 755.8 respectively. So far 104752(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 9674.19 crore.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 962 on 05-Mar-2015 and a 52 week low of Rs. 700 on 13-May-2015. Last one week high and low of the scrip stood at Rs. 809.95 and Rs. 786 respectively.

The promoters holding in the company stood at 43.63 % while Institutions and Non-Institutions held 38.21 % and 18.16 % respectively.

The stock is currently trading above its 50 DMA.

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