Info Edg.(India)

Info Edge reported strong standalone financial performance for Q4 FY26, with billings at Rs.1,057 crores (7% YoY growth) and revenue at Rs.805 crores (17% YoY growth). Operating profits surged 39% YoY to Rs.323 crores, achieving a 40% operating margin. For the full year FY26, standalone billings were Rs.3,178 crores (10% YoY growth) and revenue Rs.3,052 crores (15% YoY growth). Operating profits grew 17% YoY to Rs.1,138 crores, with a 37% margin. The company generated Rs.1,469 crores in cash from operations before taxes for FY26 and held a cash balance of Rs.4,963 crores as of March 2026.

The standalone recruitment business saw billings grow 10% to Rs.811 crores and revenue grow 14% to Rs.581 crores in Q4 FY26. Operating profit for the segment improved 22% YoY to Rs.340 crores, with a 58% margin. For FY26, standalone recruitment billings grew 10% to Rs.2,374 crores and revenue 14% to Rs.2,256 crores. The overall recruitment market sentiment remains subdued due to geopolitical headwinds and cautious hiring, particularly in larger GCCs and non-IT sectors. However, Naukri Jobseeker Services billings grew 33% YoY to Rs.53 crores in Q4 FY26, driven by AI-led offerings and a self-serve model. NaukriGulf billings grew 9% YoY to Rs.41 crores in Q4 FY26.

99acres billings grew 2% to Rs.163 crores in Q4 FY26, while revenue grew 36% to Rs.144 crores, benefiting from a one-time^📎 reversal of Rs.20.5 crores in warranty provision. Operating profits were Rs.3 crores, and cash from operations was Rs.22 crores. For FY26, billings grew 10% to Rs.497 crores, with operating losses of Rs.59 crores. The company undertook sales organization changes in Q4, which had a transitional impact on billings but expects recovery in Q1 FY27. 99acres continues to strengthen its traffic leadership, with web traffic share growing to 49% and overall market share reaching 51% in March. The business aims to achieve 60% market share, double its business in 3 years, and generate 25-30% EBITDA margin in the medium term, targeting to become cash-generative in FY27.

Jeevansathi billings grew 21% to Rs.39 crores and revenue 19% to Rs.36 crores in Q4 FY26, incurring an operating loss of Rs.3 crores. The combined matchmaking portfolio (Jeevansathi and Aisle) reported Rs.49 crores in billings (23% YoY growth) and Rs.7 crores in operating losses for Q4 FY26. For FY26, combined billings grew 29% to Rs.182 crores, with operating losses reduced by 50% to Rs.15 crores. Jeevansathi focuses on improving sales conversions and ARPUs, while Aisle grew 30%+ YoY. The market remains competitive with other platforms investing heavily in marketing and discounts, leading to some pricing pressure, but Info Edge has improved its ability to withstand this environment.

Shiksha's billings declined 13% YoY to Rs.45 crores in Q4 FY26, though revenue grew 11% to Rs.44 crores. The business delivered an operating profit of Rs.6 crores. For FY26, billings grew 1% to Rs.164 crores. The segment faces headwinds from AI-driven changes in search behavior, affecting traffic and client deliveries. To navigate this, Shiksha is investing in domestic counselling capabilities and AI-driven voicebots, and diversifying destination coverage to markets like the UK, UAE, and Continental Europe, expecting these initiatives to progressively offset the AI-led impact.

Info Edge is consistently increasing investments in AI across infrastructure, people, and tools. In Naukri, AI is used to enhance matching personalization and recruiter productivity, with features like AI-powered mock interviews (1.5 million users monthly) and AI-generated resumes (3 million profiles monthly) gaining traction. AI-Rex, an agentic recruitment platform, has onboarded over 1,000 clients and 30,000 job mandates, aiming to reduce hiring cycle time. In 99acres, AI recommendation engines are driving 10-15% improvement in unique interests, and in Jeevansathi, AI powers recommendation matching and pricing. The focus for FY27 is to convert product progress into meaningful revenue quantities across all businesses.

The company's cash balance, including wholly owned subsidiaries, stood at Rs.4,963 crores at the end of March 2026. The board approved a final dividend of Rs.3.6 per share for the year, bringing the total dividend payout for FY26 to Rs.8.4 per share, representing a 40% increase over the previous year. Info Edge continues to invest in deep tech and AI-first companies through its venture funds, with over 50 of its 130+ non-strategic investments now being in these areas, reflecting a focus on the app layer of AI rather than foundational models.