CONNECT WITH US
eCommerce

eCommerce

Info Edge Q2 Profit Jumps 87% YoY To ₹650 Cr, Declares ₹3 Interim Dividend

Inc42 - Consumer Services logo

Published on

Add as a preferred source on Google
Info Edge Q2 Profit Jumps 87% YoY To ₹650 Cr, Declares ₹3 Interim Dividend

Naukri parent Info Edge reported an 87% jump in its consolidated net profit for the September quarter (Q2 FY27) to ₹649.8 Cr from ₹347.5 Cr in the year-ago period, aided by higher other income. On a sequential basis, net profit rose 32.6% from ₹490.1 Cr

Operating revenue increased 12.2% YoY and  2.6% QoQ  to ₹903.9 Cr during the quarter under review. 

The bottom line growth came alongside a sharp increase in other income, which rose 164.8% YoY to ₹428.4 Cr from ₹161.8 Cr. Including this, total income stood for the quarter at ₹1,332.3 Cr as against ₹967.2 Cr in the corresponding quarter last year.

Meanwhile, consolidated expenses grew 4.5% YoY to ₹588.6 Cr.  The company gained ₹4 Cr profit from joint ventures. Total tax expenses for the quarter stood at ₹98 Cr.

Separately, Info Edge’s board declared an interim dividend of ₹3 per share for FY27. The company fixed November 6 as the record date, with payment scheduled on or after November 23.



Source link
Related Topics:eCommerce

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.