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    Info Edge (India) Q1 FY27 earnings call

    NAUKRI
    Consumer Services·10 Aug 2026
    Management Summary

    Info Edge delivered a strong Q1 FY27, with standalone billings up over 14% and revenue growing 12% to Rs.824 crores. Operating profit surged 33% to Rs.334 crores, driven by robust performance in recruitment (billings +17%) and 99acres (billings +17%, near break-even). While the matchmaking segment also saw healthy growth and profitability, Shiksha faced headwinds with a 23% decline in billings due to evolving user behavior. The company continues to embed AI across its platforms, creating new monetization opportunities and driving efficiencies.

    Highlights

    6

    • Standalone billings grew by over 14% YoY.

    • Standalone InfoEdge revenue grew 12% YoY to Rs.824 crores.

    • Standalone operating profit grew 33% YoY to Rs.334 crores, achieving an operating PBT margin over 40%.

    • Recruitment business billings grew over 17%, with operating PBT margin at 58%.

    • 99acres billings and revenue both grew 17% YoY, with operating PBT losses reduced by 89% and moving close to break-even.

    • Matchmaking portfolio (Jeevansathi and Aisle) delivered 20% YoY billing growth and operated near break-even.

    Concerns

    3

    • Shiksha's billings declined by 23% and revenue by 12% due to AI-driven changes in search behavior.

    • NaukriGulf grew 12%, below its previous ~20% growth trajectory due to geopolitical disruptions.

    • Recruitment consultants segment growth remained under pressure at 1%.

    Key financials

    Single quarter

    06 metrics
    1. 01Revenue₹824 Cr+12%YoY
    2. 02Operating Profit₹334 Cr+33%YoY
    3. 03Operating PBT Margin40%
    4. 04Cash from Operations₹225 Cr+25%YoY
    5. 05Cash Balance₹5,034 Cr

    Segment breakdown

    Recruitment Business
    17% Billings Growth13% Revenue Growth25% Operating Profit Growth58% Operating PBT Margin36% Cash from Operations Growth15% Underlying Billings Growth (adjusted)15% Tech, IT, BPM Growth31% GCCs Growth12% Other Sectors Growth1% Recruitment Consultants Growth35% Jobseeker Business (Naukri 360) Billings Growth63% Jobseeker Business PBT Margin12% NaukriGulf Growth
    Real Estate (99acres)
    17% Billings Growth17% Revenue Growth89% Operating PBT Losses Reduction38% App Traffic DAUs Growth30% Live Resale & Rental Listings from Brokers Growth27% Live New Project Listings Growth23% Owner Listings Growth38% Property Inquiries Growth
    Matchmaking (Jeevansathi and Aisle)
    20% Billing Growth14.0% Jeevansathi Growth44% Aisle Growth— Operating PBT
    Shiksha
    -23% Billings Decline-12% Revenue Decline— Operating PBT
    List

    Capital allocation

    1
    high confidence
    CategoryHeadline
    Liquidity

    Cash ₹5,034 crores

    Guidance & targets

    6
    CategoryTargetPriority
    Profitability
    99acres Cash Generation
    Cash-generative
    		Medium
    Profitability
    Job Hai Burn
    Remain same or start moderating
    		Medium
    Volume
    Job Hai Billings Growth
    More than double
    		High
    Volume
    Job Hai Billings
    ₹100 crores
    		Medium
    Margin
    Naukri Margins
    Improve
    		Medium
    Headcount
    Naukri Headcount
    Start growing
    		Low

    What to watch in Q2 FY27

    5

    Naukri AI-Rex customer adoption and renewal rates

    next quarter
    Current400+ paying customers in Q1, 700+ by July
    TargetContinued acceleration in paying customers and positive renewal feedback

    Why it matters

    AI-Rex is a key new monetization lever; its success will drive future revenue and margin expansion.

    But these are early days💬, customers are going to try it out. If they like it, they'll come back and buy more. If they don't like it, they may not renew.

    Risks & concerns

    5
    RiskSeverity

    Shiksha's traffic and billing impact due to AI-driven changes in search behavior

    Billings declined by 23%, revenue by 12%; headwinds expected to persist in near term, company investing to offset. — Management acknowledged

    medium

    NaukriGulf growth impacted by geopolitical disruptions in the Middle East

    Grew 12%, below previous ~20% trajectory; long-term opportunity intact once regional environment stabilizes. — Management acknowledged

    medium

    Volume growth in Naukri is sensitive to net hiring in the broader economy

    If hiring slows down, volume growth takes a hit; premium hiring and GCC growth are more resilient. — Management acknowledged

    medium

    Recruitment consultants business under pressure in a slow market due to client insourcing

    Recruitment consultants' billings grew only 1%, as clients insource during slow markets; new offerings being launched. — Management acknowledged

    medium

    Past internal sales issues and restructuring impacting 99acres' monetization

    Past flat/low single-digit billing growth attributed to internal sales issues; now seeing 17% growth, restructuring largely behind them. — Management acknowledged

    low

    Q&A highlights

    8

    “At a very high level, about one third of our revenue growth you could attribute to more renewals and higher volume from certain segments. Of course, premium hiring is growing at a faster clip. Premium CV views and Naukri are growing at more than 25%, but on a small base... about a third of our growth was a result of our newer offerings, which we are pushing more aggressively in the market, like Al-Rex and Talent Pulse and so on.”

    Clarifies the components of Naukri's revenue growth, highlighting the contribution of new AI-driven offerings and premium segments.

    asked by Sachin Salgaonkar

    3 min read7 chapters

    Detailed Narrative

    01

    Overall Q1 FY27 Performance and Financial Highlights

    Info Edge reported a strong Q1 FY27, with standalone billings growing over 14% and revenue increasing 12% YoY to Rs.824 crores. Operating profit saw a significant jump of 33% to Rs.334 crores, achieving an operating PBT margin of over 40%. Cash generated from operations grew 25% to Rs.225 crores, with a healthy cash balance of Rs.5,034 crores at quarter-end.

    02

    Recruitment Business Dynamics and AI Integration

    The recruitment business, primarily Naukri, was a key growth driver, with billings up over 17% and revenue up 13% YoY, achieving a 58% operating PBT margin. Underlying billings growth, adjusted for timing difference📎s, was estimated at 15%. Growth was broad-based, with GCCs up 31% and Tech/IT/BPM up 15%. AI is deeply embedded, improving matching and recruiter productivity, and new AI-powered offerings like AI-Rex and Talent Pulse are creating new monetization opportunities, with AI-Rex live across over 4,000 enterprise customers and 700+ paying customers by July.

    03

    99acres Turnaround and Market Leadership

    99acres delivered a strong quarter, with both billings and revenue growing 17% YoY. Operating PBT losses were significantly reduced by 89%, bringing the business close to break-even. The company maintained strong consumer traffic leadership (49% web, 55% app timeshare) and saw robust growth in listings (brokers +30%, new projects +27%, owners +23%) and property inquiries (+38%). Management expressed confidence in 99acres becoming cash-generative during FY27, supported by disciplined marketing and reduced competitive intensity.

    04

    Matchmaking Segment Performance

    The matchmaking portfolio, comprising Jeevansathi and Aisle, achieved a combined billing growth of 20% YoY. Jeevansathi grew 14%, while Aisle continued its strong momentum with 44% growth. The segment operated near break-even on an operating PBT basis, maintaining over 45% profile share in Hindi-speaking markets. The focus remains on driving monetization through new paywalls and value-added offerings, with AI investments enhancing recommendation engines.

    05

    Shiksha's Challenges and Strategic Adjustments

    Shiksha faced significant headwinds, with billings declining 23% and revenue by 12%, though it maintained operating PBT profitability. AI-driven changes in search behavior impacted traffic and client delivery outcomes. To counter this, Shiksha is investing in domestic counseling capabilities and AI-driven voicebots, and broadening its study abroad destination coverage to include the UK, UAE, and continental Europe, aligning with evolving student preferences.

    06

    AI as a Strategic Imperative and Monetization Driver

    Info Edge views AI as a core strategic imperative, having invested heavily in infrastructure, talent, and tools over the past two years. AI is not only enhancing core product capabilities (matching, recommendations) and internal efficiencies (15-20% across functions) but also creating new monetization opportunities through standalone off📎erings like AI-Rex and Talent Pulse. Management believes AI strengthens their marketplace positions and data assets, rather than posing a disintermediation risk.

    07

    Investment Portfolio Overview

    The company continues to build a diversified investment portfolio across AI, deep tech, and consumer tech, with approximately Rs.5,000 crores invested in 135 companies. Several portfolio companies have listed on public markets or raised follow-on funding from credible external investors. Management emphasizes identifying promising founders early and staying invested for the long term to create shareholder value.

    This is an AI-generated summary of a publicly available earnings call transcript.