Info Edge Q2: Profit jumps 87% to Rs 650 crore, revenue up 12%

Info Edge founder Sanjeev Bikhchandani will take over as executive vice chairman, managing director and group CEO from December 3, 2026. He will succeed Hitesh Oberoi, who has resigned as managing director and group CEO, citing “personal interests in education, entrepreneurship, investing and philanthropy”.

The leadership change was announced alongside the company’s July-September quarter results. Info Edge reported an 87% jump in its consolidated net profit to Rs 649.8 crore in the second quarter ended September 2026 (Q2 FY27), from Rs 347.5 crore a year earlier.

On a quarter-on-quarter basis, profit climbed 33% from Rs 490 crore.

Revenue from operations rose 12% to Rs 903.9 crore, compared with Rs 805.5 crore in Q2 FY26. Sequentially, revenue increased 3% from Rs 880.7 crore. Including other income of Rs 428.4 crore, total revenue stood at Rs 1,332.3 crore.

Alongside its earnings announcement, Info Edge’s board approved the sale of its entire 14.18% stake in Medcords Healthcare and 31.64% stake in Unnati Online for Rs 5,000 each.

AI boosts recruitment business

“AI and data products for recruiters and job seekers are now contributing meaningfully, at a high single-digit share of Recruitment topline and an annualized run rate of around Rs 240 crore based on Q2,” Oberoi said in a statement.

Info Edge’s recruitment solutions business, which includes Naukri, Coding Ninjas and Job Hai, reported revenue of Rs 632.3 crore in the July-September quarter, up 13% from Rs 558.2 crore in the year-ago period. Profit stood at Rs 373.7 crore.

Billings grew 13% to Rs 613.8 crore, compared with Rs 545 crore in Q2 FY26.

• Number of resumes on Naukri: 120 million
• Average number of resumes added daily: 20,000
• Average number of resumes modified daily: 902,000
• Number of billed customers: 46,000

99acres narrows loss, Jeevansathi faces high competition

Info Edge’s real estate business, which includes 99acres, reported revenue of Rs 134.3 crore, up 17% year-on-year (YoY), while billings grew 21% to Rs 148.3 crore. Its loss narrowed by 93% to Rs 1.6 crore from Rs 23.4 crore in the year-ago quarter.

Live listings on the platform remained strong. Broker resale and rental listings increased 14% YoY, new project listings rose 15% YoY, and owner listings grew 23% YoY. Property enquiries across categories increased by more than 33% YoY.

• Number of listings on 99acres (free and paid): 1.49 million
• Number of paid listings: 1.07 million

Info Edge’s matrimony business, Jeevansathi, registered a 17% YoY increase in revenue to Rs 39.5 crore, while billings rose 18% to Rs 39.7 crore.

The company said competition in the matrimony market remained intense during the quarter, with rivals launching advertising campaigns in northern India.

Jeevansathi is testing new paywalls and launching new offerings. It currently accounts for more than 45% of female profiles in Hindi-speaking markets and continued to lead in daily logged-in users.

Info Edge also owns the matchmaking app Aisle, which reported revenue of Rs 13 crore and a loss before tax of Rs 3 crore. Billings grew 40% YoY to Rs 13 crore. The company said female user growth on the platform was significantly higher than male user growth.

Shiksha slips into the red amid AI headwinds

Info Edge’s education business, Shiksha, reported a loss of Rs 80 lakh in the July-September quarter, compared with a profit of Rs 1.9 crore in Q2 FY26 and Rs 3.2 crore in Q1 FY27.

Revenue fell 9% YoY to Rs 35.5 crore, while billings declined 27% to Rs 20.4 crore due to AI-related traffic headwinds.

“Traffic headwinds continue, client delivery impacted by declining referred search traffic from Google,” Info Edge said.

To address the challenges posed by AI, Shiksha continues to invest in domestic counselling and its Study Abroad platform.

Key platform metrics (October 2025-September 2026)

• Unique clients: 1,000+
• Course listings: 375,000+
• Annual visits: 200 million+
• Annual registrations: 6 million+

Where did Info Edge spend?

Info Edge kept the rise in its expenses in check. Total expenditure increased 4% to Rs 588.6 crore in the July-September quarter, from Rs 563.5 crore a year earlier.

• Employee benefits expense: This remained Info Edge’s largest cost centre. The company spent Rs 347.3 crore on employee remuneration, salaries and staff-related expenses in Q2 FY27, up 2% from Rs 340.4 crore in Q2 FY26.
• Advertising and promotion costs: These rose 6% to Rs 115.3 crore in Q2 FY27, compared with Rs 108.3 crore in the same quarter last year.

Also read:

• Info Edge bets on B2B marketplace Bijnis again after 2023 write-off
• Info Edge’s Hitesh Oberoi on why AI is hurting Shiksha, but not Naukri

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