Now Reading: Info Edge shares dip 4% on Rs 3 interim dividend, record date set
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Info Edge shares dip 4% on Rs 3 interim dividend, record date set
Info Edge shares dip 4% on Rs 3 interim dividend, record date set
The Story in Brief
Info Edge (India), the parent company of Naukri.com, saw its shares open lower at Rs 1,208 and hit an intraday low of Rs 1,138.40 on the NSE on Wednesday, 28 October 2026. The board declared an interim dividend of Rs 3 per share for FY27, with the record date fixed for 6 November 2026 and payment on or after 23 November 2026. This is the company's third dividend in 2026, taking the total for the year to Rs 9 per share.
Separately, the company reported a 92.9% year-on-year drop in net profit to Rs 334 crore for the September quarter, compared with Rs 4,720 crore in the year-ago period, which included an exceptional gain of Rs 5,200 crore. Revenue rose 12.9% to Rs 842 crore. EBITDA increased 27.4% to Rs 377 crore, with margin expanding to 44.8%. Recruitment billings grew 12.6% in Q2, while AI and data products now contribute an annualised revenue run rate of around Rs 240 crore.
The board also approved divestment of its full stakes in Medcords Healthcare Solutions and Unnati Online, and an investment of Rs 150 crore in its subsidiary Redstart Labs.
Indian Opinion Analysis
Livemint reports the dividend story as a standalone market event, leading with the share price dip and the record date, and does not mention the company's Q2 results at all. The Economic Times leads with a 93% net profit plunge because of an exceptional gain base effect, then reports the dividend as one item in a broader results story. The two outlets cover different facts: one focuses on the shareholder payout mechanics, the other on the profit comparison. A balanced reading notes that the dividend is the same event, but the profit decline is not operational, the previous year's figure included a Rs 5,200 crore exceptional gain. The next concrete item is the dividend record date on 6 November 2026.
Coverage: 2 sources, 2 neutral
Sources (2): livemint.com (neutral report), economictimes.indiatimes.com (neutral report)
This brief was synthesised by AI from the 2 sources linked above, so one read covers every framing they carry. Methodology and corrections.
