Info Edge (India) LimitedUnclassifiedNAUKRI
Q1 FY27 earnings callInfo Edge (India) Limited
InfoEdge delivered improved growth driven by Naukri's 17% billing growth and 99acres moving close to break-even, with AI monetization starting to contribute.
Numbers
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Standalone Revenue | Rs.824 crores | 12% | |
| Standalone Operating Profit | Rs.334 crores | 33% | |
| Standalone Operating PBT Margin | over 40% | — | |
| Cash from Operations | Rs.225 crores | 25% | |
| Cash Balance | Rs.5,034 crores | — | |
| Recruitment Billings Growth | over 17% | — | |
| Recruitment Revenue Growth | 13% | — | |
| Recruitment Operating PBT Margin | 58% | — |
Financials
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹722.40 Cr+15.2% YoY+3.1% QoQ | ₹288.42 Cr+141.5% YoY+240.4% QoQ | ₹18.75+60.1% YoY+941.7% QoQ |
| Q2 FY25 | ₹700.82 Cr+12% YoY+3.6% QoQ | ₹84.73 Cr-64.7% YoY-67.3% QoQ | ₹1.80-88.7% YoY-90% QoQ |
| Q1 FY25 | ₹676.71 Cr+8.1% YoY+2.9% QoQ | ₹258.86 Cr+75.6% YoY+194.3% QoQ | ₹18.03+46.7% YoY+285.3% QoQ |
| Q4 FY24 | ₹657.42 Cr+8.7% YoY+4.8% QoQ | ₹87.96 CrTurned profitable YoY-26.4% QoQ | ₹4.68Turned positive YoY-60% QoQ |
| Q3 FY24 | ₹627.12 Cr+6.4% YoY+0.2% QoQ | ₹119.44 Cr+157.4% YoY-50.2% QoQ | ₹11.71Turned positive YoY-26.3% QoQ |
TL;DR
- Standalone billings grew over 14%, driven by recruitment and 99acres.
- Naukri's billings grew over 17% with underlying growth estimated at around 15%.
- AI offerings like AI-Rex and Talent Pulse contributed about one third of Naukri's growth.
- 99acres billings grew around 17% and operating PBT losses reduced by 89%, moving close to break-even.
- Jeevansathi was profitable, while Shiksha remained under pressure.
- Company-wide AI is driving 15-20% efficiencies across some functions.
Said on the call
“We believe these strengths become even more valuable in an AI-driven world.”
From the Q&A
| Topic | What management said |
|---|---|
| Naukri Growth Drivers | About one third of revenue growth attributed to new offerings like AI-Rex and Talent Pulse, one third to volume, and one third to price increases. |
| Segment Growth | GCC billing growth was 31%, Tech/IT/BPM grew 15%, other sectors combined grew 12%, while recruitment consultants grew only 1%. |
| Outlook for Billings Growth | Management is bullish on new offerings but sees the 'joker in the pack' as the mid-tier hiring segment, where volume growth has not been strong. |
| AI-Rex Monetization and Cannibalization | AI-Rex is sold separately at Rs.3,500 per mandate for companies; early traction with 400 paying customers in Q1. Acknowledges possible cannibalization but early days. |
| 99acres Profitability and Competition | Last quarter's profit included a one-off adjustment; the underlying loss was Rs.17 crores, which improved to a Rs.2 crore loss this quarter. Expects competitive intensity to reduce with Housing's sale. |
| Jobseeker Business Margins | Jobseeker business EBITDA margin improved to 63% from 35-40% due to new AI offerings and a more self-serve model. |
| Employee Headcount | Headcount is down year-on-year as the company encourages efficiency and AI tool usage, but may start adding again if business grows in the teens. |
| Job Hai Plan | Aims to more than double revenue this year (from Rs.15 crores last year) and expand to 18 cities; currently burning about Rs.50 crores a year. |
Guidance
- Underlying billings growth for Naukri in Q1 is estimated at around 15%.
- 99acres is expected to become cash-generative during FY27.
- AI-Rex and Talent Pulse are being scaled to several thousand more customers over the next few quarters.
- Job Hai aims to more than double revenue this year.
- AI-driven changes in user search behaviour are expected to persist as a headwind for Shiksha in the near term.
Source
Summary written from the transcript filed by Info Edge (India) Limited for the call held on 14 Aug 2026; published 18 Aug 2026, 20:45 IST.