Info Edge Q2 Results: Net profit plunges 93% YoY to Rs 334 crore, revenue rises 13%; co declares Rs 3/share interim dividend

Info Edge reported a steep decline in net profit for the second quarter, even as its revenue continued to grow. The company’s quarterly performance combined a 93% year-on-year fall in profit with a 13% increase in revenue.

Profit falls to Rs 334 crore

Net profit stood at Rs 334 crore during the quarter, down 93% from the year-earlier period. The result places the sharp contraction in profit alongside a positive revenue trend, although the information available does not specify the reasons for the decline.

Interim dividend declared

Alongside its quarterly results, Info Edge declared an interim dividend of Rs 3 per share. The announcement adds a shareholder payout to a quarter marked by contrasting movements in revenue and profitability.

The reported figures show that higher revenue did not translate into a comparable level of net profit in the quarter. Further details on the company’s performance or the factors behind the profit decline were not provided in the available information.