Info Edge (India) Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Info Edge reported standalone Q1 FY27 revenue growth of 12% YoY to Rs.824 crores, with operating profit up 33% to Rs.334 crores, driven mainly by the recruitment and 99acres businesses which together account for around 90% of billings. Recruitment billings grew over 17% (about 15% on an underlying basis adjusting for renewal timing), while 99acres billings grew 17% with operating losses narrowing 89%. Shiksha billings declined 23% due to AI-driven changes in search traffic, while the matchmaking portfolio grew 20% and operated near break-even.
Info Edge reported Q4 FY26 standalone billings of Rs.1,057 crores, up 7% YOY, and revenue of Rs.805 crores, up 17% YOY, with operating profit growing 39% YOY to Rs.323 crores. Recruitment billings grew 10% YOY while 99acres billings growth slowed to about 2% following changes to sales organization and invoicing controls, partially offset by a one-time Rs.20.5 crore revenue reversal from a warranty provision adjustment. Management described the overall hiring market as subdued and lukewarm, cited AI-driven traffic headwinds in the Shiksha education business, and outlined plans to scale AI-Rex, Talent Pulse, JobHai and 99Shorts during FY27.