Info Edge (India) Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Info Edge (India) Ltd filed with BSE on 28 May 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
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.
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Numbers mentioned
Standalone billings: Rs.1,057 crores (Q4 FY26)
p. 3
“For the standalone business in Q4 FY26, billings were Rs.1,057 crores, a YOY growth of 7%, and revenue was Rs.805 crores, a YOY growth of 17%.”
Hitesh Oberoi, page 3 of the filed PDF · View the filing
Standalone operating profit: Rs.323 crores (Q4 FY26)
p. 3
“Operating profits at a standalone level grew by 39% YOY to Rs.323 crores, and the operating margins stood at 40%.”
Hitesh Oberoi, page 3 of the filed PDF · View the filing
Standalone billings: Rs.3,178 crores (FY26)
p. 3
“For the standalone business in FY26, billings were Rs.3,178 crores, a YOY growth of 10%, and revenue was Rs.3,052 crores, a YOY growth of 15%.”
Hitesh Oberoi, page 3 of the filed PDF · View the filing
Final dividend: Rs.3.6 per share (FY26)
p. 3
“the board has also approved a final dividend of Rs.3.6 per share for the year.”
Hitesh Oberoi, page 3 of the filed PDF · View the filing
Recruitment segment operating profit margin: 58% (Q4 FY26)
p. 3
“The operating profit for the standalone recruitment segment improved by 22% YOY to Rs.340 crores, and the operating profit margin was 58%.”
Hitesh Oberoi, page 3 of the filed PDF · View the filing
99acres billings: Rs.163 crores (Q4 FY26)
p. 4
“in Q4 FY26, billings grew by 2% to Rs. 163 crores whereas revenue grew by 36% to Rs. 144 crores.”
Hitesh Oberoi, page 4 of the filed PDF · View the filing
99acres one-time revenue impact: Rs.20.5 crores (Q4 FY26)
p. 4
“a portion of the accumulated provision over the last 8 quarters has been reversed and revenue for the quarter as well as for the year stands increased by Rs. 20.5 crores as a result.”
Hitesh Oberoi, page 4 of the filed PDF · View the filing
Jeevansathi billings: Rs.39 crores (Q4 FY26)
p. 5
“in Q4 FY26, Jeevansathi billings grew by 21% to Rs.39 crores and revenue grew by 19% to Rs.36 crores.”
Hitesh Oberoi, page 5 of the filed PDF · View the filing
99acres traffic share: 52% (April)
p. 5
“The overall market share of 99acres in March was 51% and in April 52% traffic timeshare.”
Hitesh Oberoi, page 5 of the filed PDF · View the filing
Talent Pulse revenue: Rs.30-35 crores (FY26)
p. 18
“We did about Rs.30-35 crores last year from our Talent Pulse offering.”
Hitesh Oberoi, page 18 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
99acres cash generation — cash-generative · FY27
stated conditionally by Hitesh Oberoi
p. 6
“we expect growth to accelerate, operating leverage to play out and the business to turn cash-generative in FY27, if all goes well.”
Hitesh Oberoi, page 6 of the filed PDF · View the filing
99acres traffic share — 60% share
stated as an aspiration by Hitesh Oberoi
p. 16
“we should now be aiming to get to 60% share. That should be our first goal.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
99acres billings — double the business · next 3 years
stated as an aspiration by Hitesh Oberoi
p. 16
“We should aim to at least double our business, if you ask me, over the next 3 years.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
99acres EBITDA margin — 25-30% · medium-term
stated conditionally by Hitesh Oberoi
p. 16
“If we are able to do that, then we should be able to generate at least a 25-30% EBITDA margin as well.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
Naukri recruitment margin
stated conditionally by Hitesh Oberoi
p. 16
“If you're able to grow at 10% or more, you should be able to maintain margin in Naukri.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
Naukri recruitment margin
stated conditionally by Hitesh Oberoi
p. 16
“if the economy slows down further and Naukri grows at 7-8%, then we may sort of lose a little bit of margin in the short term.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
99acres billings growth — Q1 FY27
stated firmly by Hitesh Oberoi
p. 5
“We expect billings growth to recover in Q1 once again.”
Hitesh Oberoi, page 5 of the filed PDF · View the filing
99Shorts expansion — FY27
stated firmly by Hitesh Oberoi
p. 6
“The recent rollout of 99Shorts in NCR aims to drive deeper engagement in this segment with expansion to other major cities planned in for FY27.”
Hitesh Oberoi, page 6 of the filed PDF · View the filing
JobHai growth — 100% year on year · next few years
stated as an aspiration by Hitesh Oberoi
p. 11
“We would like to grow it 100% year on year for the next few years.”
Hitesh Oberoi, page 11 of the filed PDF · View the filing
AI-Rex incremental revenue — a few hundred crores · three-year period
stated as an aspiration by Hitesh Oberoi
p. 18
“over a three-year period, it'd be great if we can make a few hundred crores of incremental revenue from these offerings.”
Hitesh Oberoi, page 18 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the overall market remains subdued, with larger GCCs shrinking headcount while smaller ones keep hiring, and non-IT hiring has also slowed.
Answered by Hitesh Oberoi
Asked by Sachin Salgaonkar: What is the sentiment on hiring across GCC, IT, and non-IT sectors given AI?
p. 8
“the sentiment continues to be subdued. It's not a hot market. It's a lukewarm market.”
Hitesh Oberoi, page 8 of the filed PDF · View the filing
Management attributed gains to traffic share growth and execution, noting response growth in new homes accelerated sharply in Q4.
Answered by Hitesh Oberoi
Asked by Sachin Salgaonkar: What is driving 99acres margin strength and its sustainability?
p. 9
“Response grew by 22% in the new home segment last year. In Q4, it grew by 33%.”
Hitesh Oberoi, page 9 of the filed PDF · View the filing
Management credited internal execution rather than competitor missteps, while also noting leadership changes and high cash burn at rivals.
Answered by Hitesh Oberoi
Asked by Sachin Salgaonkar: Is 99acres traffic share growth due to competitive weakness or execution?
p. 10
“There have been leadership changes at both Housing and MagicBricks.”
Hitesh Oberoi, page 10 of the filed PDF · View the filing
Management clarified the provision reversal affected revenue and profit for the quarter but not billings.
Answered by Hitesh Oberoi
Asked by Vivekanand Subbaraman: Did the 99acres one-time accrual impact billings or only revenue?
p. 12
“Basically, we wrote back some earlier provision. That did not impact billings, but it impacted revenue and also profit for this quarter.”
Hitesh Oberoi, page 12 of the filed PDF · View the filing
Management pointed to new AI-led offerings and a shift to a more self-serve model as drivers of faster growth.
Answered by Hitesh Oberoi
Asked by Swapnil Potdukhe: What is driving the acceleration in B2C jobseeker revenue growth to 33%?
p. 14
“We've done a whole bunch of things. We've launched a lot of new offerings. Some of them are AI-led.”
Hitesh Oberoi, page 14 of the filed PDF · View the filing
Management said sentiment has been stable rather than improving or worsening.
Answered by Hitesh Oberoi
Asked by Prateek Maheshwari: Is hiring sentiment improving, stable, or deteriorating over the last six months?
p. 16
“I would say it's been stable. If you look at JobSpeak also, I think it's been in that four, five, six percent range.”
Hitesh Oberoi, page 16 of the filed PDF · View the filing
Management described a shift to offering AI-Rex free initially to drive adoption, with close to 30,000 mandates processed so far.
Answered by Hitesh Oberoi
Asked by Vivekanand Subbaraman: What is the progress on AI-Rex client adoption and monetization?
p. 17
“close to 30,000 mandates have now gone through AI-Rex.”
Hitesh Oberoi, page 17 of the filed PDF · View the filing
Risks flagged
Subdued and cautious hiring environment amid geopolitical and tariff uncertainty
p. 4
“The year was impacted by geopolitical headwinds, tariffs related to uncertainty, and a generally cautious hiring stance amongst corporates both in global demand linked sectors such as IT, as well as domestically oriented ones.”
Hitesh Oberoi, page 4 of the filed PDF · View the filing
GCC headcount shrinkage among larger companies
p. 8
“the larger ones, their headcount has shrunk over the last few quarters, in some cases.”
Hitesh Oberoi, page 8 of the filed PDF · View the filing
AI-driven decline in search traffic affecting Shiksha billings
p. 5
“AI-driven changes in search behaviour have been affecting Shiksha's traffic for several quarters.”
Hitesh Oberoi, page 5 of the filed PDF · View the filing
Softness in study abroad demand in the US and Canada
p. 6
“The study abroad segment in the education business saw softness in certain markets, particularly the US and Canada, driven by evolving student preferences and broader macro factors in these geographies.”
Hitesh Oberoi, page 6 of the filed PDF · View the filing
Competitive pressure and discounting in the matrimony market
p. 5
“The market continues to be comparative with leading matrimony platforms investing in marketing and offering higher than usual discounts. This has led to some pressure on pricing.”
Hitesh Oberoi, page 5 of the filed PDF · View the filing
NaukriGulf growth slowdown due to regional disturbances
p. 4
“NaukriGulf Billings in Q4 FY26 were Rs.41 crores, growing 9% YOY, a step down from the 20% growth this business had been delivering before regional disturbances in the Middle East.”
Hitesh Oberoi, page 4 of the filed PDF · View the filing
Weak volume growth in non-IT hiring segment
p. 11
“I think the real issue is volume. I think the volume of hiring is not picking up as yet.”
Hitesh Oberoi, page 11 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.