Info Edge Q2 Profit Jumps 87% YoY To ₹650 Cr, Declares ₹3 Interim Dividend

Naukri parent Info Edge reported an 87% jump in its consolidated net profit for the September quarter (Q2 FY27) to ₹649.8 Cr from ₹347.5 Cr in the year-ago period, aided by higher other income. On a sequential basis, net profit rose 32.6% from ₹490.1 Cr

Operating revenue increased 12.2% YoY and  2.6% QoQ to ₹903.9 Cr during the quarter under review. 

Other income surged 164.8% to ₹428.4 Cr from ₹161.8 Cr, taking total income to ₹1,332.3 Cr from ₹967.2 Cr in Q2 FY26.

Meanwhile, total expenses increased 4.5% to ₹588.6 Cr from ₹563.5 Cr.

The company’s board also declared an interim dividend of ₹3 per share for FY27, fixing November 6 as the record date. 

Recruitment Grows, 99acres Narrows Loss

On a standalone basis, Info Edge’s operating revenue rose 12.8% YoY to ₹841.7 Cr.

Its recruitment solutions business, which includes Naukri, generated revenue of ₹632.3 Cr, up 13.3% YoY. Segment profit before tax increased 19.9% to ₹373.7 Cr.

Recruitment billings increased 12.6% to ₹613.8 Cr. The company said quarterly growth was affected by the timing of customer renewals.

AI and data products for recruiters and job seekers accounted for a high single-digit share of recruitment revenue, with an annualised run rate of around ₹240 Cr based on Q2.

Meanwhile, property portal 99acres reported a 16.7% increase in revenue to ₹134.3 Cr. Its segment loss before tax narrowed to ₹1.6 Cr from ₹23.4 Cr a year earlier.

Billings grew 21.2% to ₹148.3 Cr, accelerating from 16.5% growth in Q1. The company said broker resale and rental listings increased 14% YoY, new project listings rose 15%, and owner listings grew 23%.

In matchmaking, Jeevansathi’s revenue increased 16.5% to ₹39.5 Cr, while segment profit before tax stood at ₹1.8 Cr.

Separately, Aisle’s revenue rose 35.1% to around ₹13 Cr. Combined billings for Jeevansathi and Aisle increased 23.1%.

“Female user growth on the platform has been significantly higher as compared to males leading to better matchmaking outcome,” the company said about Aisle.

However, education platform Shiksha’s revenue declined 8.5% to ₹35.5 Cr. It reported a segment loss before tax of ₹0.8 Cr, compared with a profit of ₹1.9 Cr a year earlier.

Board Approves Exits, Leadership Transition

Alongside the results, Info Edge approved the sale of its entire stakes in MedCords and Unnati Online for about ₹5,000 each.

The investments in the healthtech startup and employment platform had been fully impaired in FY24 and FY20, respectively.

The board also approved an investment of up to ₹150 Cr in wholly owned subsidiary Redstart Labs through an equity subscription over the next 18 months. The funds will support working capital requirements, investment opportunities and general corporate purposes.

Separately, founder Sanjeev Bikhchandani will take over as executive vice chairman, MD and group CEO from December 3, succeeding Hitesh Oberoi.

Oberoi will step down as MD and CEO at the close of business on December 2 after nearly 27 years in a full-time executive role to “devote more time to his personal interests in education, entrepreneurship, institution building, investing and philanthropy”.

He will remain on the board as an additional director in the non-executive, non-independent promoter category from December 3, subject to shareholder approval.

Shares of Info Edge ended today’s trading session 1.23% lower at ₹1,205 apiece on the BSE.

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