Info Edge stock rallies 5% on steady Q1 show; matrimony biz grows 38% YoY

Info Edge stock surged up to 4.84 per cent at Rs 7,249.95 per share on the BSE in Friday’s intraday deals. The stock price surged after the company reported its April-June quarter of financial year 2024-25 (Q1FY25).

The company reported 9.3 per cent growth in its revenue from operations at Rs 638.9 crore on a standalone basis for June quarter of FY24, compared to Rs 584.3 crore in the corresponding quarter of the previous fiscal. The company’s profit after tax (PAT) surged by 13.79 per cent year on year (Y-o-Y) at Rs 232 crore versus Rs 200 crore in Q1FY24.