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Info Edge Board Approves 1:5 Stock Split, Shares Surge


Last Updated: 5th February 2025 - 03:31 pm
The board of Info Edge, a company specializing in online classifieds and recruitment, has approved a stock split in a 1:5 ratio, as disclosed in an exchange filing on February 5.
Following the announcement, Info Edge's share price saw an uptick of over 2.5% by 11:50 AM.
The company stated that the primary objective of the stock split is to improve liquidity and attract retail investors by making its shares more affordable. The split is expected to be completed within approximately two months, subject to shareholder approval and any necessary regulatory clearances.
Under the revised structure, each existing equity share with a face value of ₹10 will be split into five shares, each carrying a face value of ₹2, fully paid-up. Consequently, Info Edge’s authorized share capital will increase to 75 crore equity shares, each with a ₹2 face value.

In its September quarter results, Info Edge reported a 64.6% year-on-year decline in net profit, amounting to ₹84.73 crore. However, revenue from operations grew by 12% YoY to ₹700.82 crore. The board is also set to review the December quarter results on February 5.
During its earnings call for the September quarter, the company’s management expressed optimism about growth across all its business segments, particularly in recruitment, which has shown signs of recovery. The recruitment sector is projected to maintain its growth momentum in the December quarter as well.
Additionally, Info Edge observed double-digit billing growth in Q2FY25, indicating a potential surge in hiring activity. With IT hiring gaining momentum, the company expects revenue growth to sustain in the coming quarters.
According to Naukri’s January Jobspeak survey, 2025 commenced on a positive note, reflecting a 4% year-on-year increase in hiring, led by sectors such as FMCG, insurance, hospitality, and pharmaceuticals.
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