Info Edge (India) Limited, the parent company of recruitment platform Naukri, real estate portal 99acres, matrimony site Jeevansathi and education platform Shiksha, reported a 43% year-on-year rise in consolidated net profit to Rs 490.1 crore for the quarter ended June 30, 2026, compared with Rs 342.9 crore in the same quarter last year. Consolidated revenue from operations climbed 11.4% year-on-year to Rs 880.7 crore, up from Rs 790.9 crore in Q1 FY26, though profit declined 35% sequentially from the Rs 755.7 crore reported in the preceding quarter, which had been boosted by one-off items.
Profit attributable to equity holders of the parent company rose a sharper 50.6% year-on-year to Rs 445.7 crore, from Rs 295.9 crore, while basic earnings per share increased to Rs 6.88 from Rs 4.57 a year earlier. Total income for the quarter stood at Rs 1,073 crore, up 6.9% year-on-year, reflecting Info Edge's substantial investment portfolio alongside its core operating businesses.
The Recruitment Solutions segment, anchored by Naukri, remained the company's primary growth engine, with revenue rising 11.9% year-on-year to Rs 629.2 crore from Rs 562.2 crore. Billing growth in the segment was even stronger, up 17.5% year-on-year, comfortably outpacing the broader Naukri JobSpeak hiring index, which grew a more modest 4% over the same period — evidence, according to market commentary on the results, that Info Edge continues gaining share even in a relatively subdued hiring environment. Recruitment business-to-business billings led the charge, while Naukri's business-to-consumer offering and Job Hai, its blue-collar hiring platform, continued to expand alongside the core B2B business.
99acres, the company's real estate vertical, posted 17.3% year-on-year revenue growth to Rs 129.8 crore from Rs 110.7 crore, while its segment-level loss narrowed sharply to Rs 2.1 crore from Rs 18.7 crore a year earlier — continuing a trend that saw the vertical achieve operating profitability for the first time in Q4 FY26. The company's Others segment, which includes Jeevansathi and Shiksha, grew a more modest 3.15% year-on-year to Rs 121.7 crore.
Info Edge's headline profit growth was aided materially by its investment portfolio rather than purely operating performance: the company recorded a Rs 542.9 crore gain on financial assets measured through other comprehensive income at the consolidated level during the quarter, alongside Rs 135.6 crore in net exceptional gains — underscoring that the reported net profit figure reflects both the strength of the core business and the substantial value of Info Edge's historic strategic stakes in companies including Zomato parent Eternal and PB Fintech, both of which have delivered outsized returns on Info Edge's original early-stage bets.
The company enters the rest of FY27 in an investment phase on the technology front, with an annual AI budget of approximately Rs 150 crore, implying an incremental quarterly cost of roughly Rs 37-38 crore that management will need to weigh against operating margins in coming quarters. EBITDA margin for the quarter stood at 38.7%, and 99acres' traffic share reportedly stood at 52% as of April 2026, as the company continues pushing toward an internal target of 60% market share in the vertical.
With shares climbing over 4% on results day and the stock trading near record highs, investors appear to be reading the quarter as confirmation that Info Edge's core recruitment franchise retains meaningful pricing power and share-gain momentum even as the broader hiring market cools, while 99acres' continued march toward sustainable profitability removes one of the lingering questions overhanging the group's non-recruitment portfolio. The company's FY26 full-year numbers — Rs 3,285 crore in consolidated revenue and Rs 1,763 crore in net profit — provide the backdrop against which Q1 FY27's growth trajectory will be measured through the rest of the fiscal year.
The billing-versus-hiring-index divergence in the recruitment segment is arguably the most closely watched data point in the results, since it speaks directly to whether Info Edge's growth is being driven by genuine market share gains or simply riding a broader hiring recovery that could reverse. A 17.5% rise in recruitment billings against a 4% rise in the underlying JobSpeak index suggests the former, and is consistent with the kind of platform-level network effects — deeper employer relationships, richer candidate data, and product bundling across B2B and B2C offerings — that incumbents in two-sided marketplaces typically use to defend share even when overall market growth slows. Whether that share-gain pattern persists as the AI investment cycle matures, and whether 99acres can sustain its newly won operating profitability through a full seasonal cycle rather than a single strong quarter, will likely shape how the market values Info Edge's core operating businesses independently of the substantial, and somewhat less predictable, contribution its investment portfolio continues to make to headline profit.
