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Highlights
- The presented financial data is Standalone to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 9.35 % in the past year, substantial increase in net sales/revenue by 5.03 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 33.18 %. Marginal increase in other income during this quarter, up by 26.87%.
- Profit over the Year and quarter: Significant improvement in profitability for Info Edge (India) Limited. Notable increase of 16.2 % in net profit Year to Year, Info Edge (India) Limited’s profitability increased by 10.12 % in this quarter.
- EPS over the Year and quarter: EPS increased by 16.07 % Year to Year. EPS increased by 10.04 % in previous quarter. Positive impact on shareholders.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 584.291 Cr | Rs. 608.294 Cr | Rs. 638.904 Cr | + 5.03 % | + 9.35 % |
Expenses | Rs. 357.65 Cr | Rs. 361.41 Cr | Rs. 389.45 Cr | + 7.76 % | + 8.89 % |
Operating Profit | Rs. 226.64 Cr | Rs. 246.88 Cr | Rs. 249.45 Cr | + 1.04 % | + 10.06 % |
OPM % | 38.79 % | 40.59 % | 39.04 % | -1.55 % | + 0.25 % |
Other Income | Rs. 57.795 Cr | Rs. 60.666 Cr | Rs. 76.969 Cr | + 26.87 % | + 33.18 % |
Interest | Rs. 2.4 Cr | Rs. 4.67 Cr | Rs. 4.62 Cr | -1.07 % | + 92.5 % |
Depreciation | Rs. 15.34 Cr | Rs. 17.42 Cr | Rs. 17.5 Cr | + 0.46 % | + 14.08 % |
Profit before tax | Rs. 266.7 Cr | Rs. 285.46 Cr | Rs. 304.3 Cr | + 6.6 % | + 14.1 % |
Tax % | 25.04 % | 26.11 % | 23.66 % | -2.45 % | -1.38 % |
Net Profit | Rs. 199.9 Cr | Rs. 210.94 Cr | Rs. 232.29 Cr | + 10.12 % | + 16.2 % |
EPS in Rs | Rs. 15.44 | Rs. 16.28 | Rs. 17.91 | + 10.01 % | + 16 % |
Today, we’re looking at Info Edge (India) Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.35 %. However, it did see a marginal increase of 5.03 % from the previous quarter. Expenses ticked up slightly by 7.76 % quarter-on-quarter, aligning with the annual rise of 8.89 %. Operating profit, while up 10.06 % compared to last year, faced a quarter-on-quarter increase of 1.04 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 0.25 %, but a shrinkage of -1.55 % sequentially. Other income rose by 26.87 % compared to the last quarter, despite an annual growth of 33.18 %. Interest expenses dropped significantly by -1.07 % from the previous quarter, yet the year-over-year increase remains at a moderate 92.5 %. Depreciation costs climbed by 0.46 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 14.08 %. Profit before tax grew annually by 14.1 % but saw an increase from the preceding quarter by 6.6 %.
Tax expenses as a percentage of profits decreased slightly by -1.38 % compared to last year, with a more notable quarter-on-quarter decrease of -2.45 %. Net profit rose by 16.2 % year-on-year but experienced a 10.12 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 16 % but a quarterly rise of 10.01 %. In summary, Info Edge (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
---|---|---|---|---|---|
Sales | Rs. 584.291 Cr | Rs. 608.294 Cr | Rs. 638.904 Cr | + 5.03 % | + 9.35 % |
Expenses | Rs. 357.65 Cr | Rs. 361.41 Cr | Rs. 389.45 Cr | + 7.76 % | + 8.89 % |
Operating Profit | Rs. 226.64 Cr | Rs. 246.88 Cr | Rs. 249.45 Cr | + 1.04 % | + 10.06 % |
Net Profit | Rs. 199.9 Cr | Rs. 210.94 Cr | Rs. 232.29 Cr | + 10.12 % | + 16.2 % |
EPS in Rs | Rs. 15.44 | Rs. 16.28 | Rs. 17.91 | + 10.01 % | + 16 % |
In reviewing Info Edge (India) Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.35 % year-on-year growth, however, there was a minor increase of 5.03 % from the previous quarter. Expenses rose by 8.89 % compared to the previous year, with a 7.76 % increase quarter-on-quarter. Operating Profit surged by 10.06 % annually, and saw a 1.04 % increase from the last quarter.
Net Profit showed yearly increase of 16.2 %, and experienced a 10.12 % increase from the previous quarter. Earnings Per Share (EPS) rose by 16 % annually, however rose by 10.01 % compared to the last quarter. In essence, while Info Edge (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.