The board of Info Edge has approved a stock split in the ratio of 1:5 to enhance liquidity and attract more retail investors. The announcement was made through an exchange filing on February 5. Following the news, the company’s shares gained over 2.5% by 11:50 AM.
As per the approved split ratio, each existing equity share of ₹10 face value will be divided into five shares with a face value of ₹2 each. The split is expected to be completed within two months, subject to shareholder approval and regulatory clearances. After the stock split, the company’s authorized share capital will be 75 crore equity shares of ₹2 each.
Info Edge had reported a sharp 64.6% year-on-year decline in net profit for the September quarter, which stood at ₹84.73 crore. However, its revenue from operations increased by 12% to ₹700.82 crore. The board is also set to review the December quarter earnings on February 5.
The company remains optimistic about growth opportunities across its business segments, especially in recruitment. Info Edge had witnessed double-digit billing growth in Q2FY25, signaling a positive hiring trend. With IT hiring gaining momentum, the company expects steady revenue growth in the coming quarters.
According to Naukri’s January Jobspeak survey, hiring in 2025 has started on a strong note with a 4% year-on-year increase, led by sectors like FMCG, Insurance, Hospitality, and Pharma.
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