Info Edge (India) Limited — Investor Meet, 14-08-2026: Analysts/Institutional Investor Meet/Con. Call Updates

**Info Edge (India) Ltd (NAUKRI) Q1 FY27 Earnings Call Summary**

**Financial Performance:** Info Edge reported a stronger Q1 with standalone billings up over 14% YoY, driven by recruitment and 99acres. Revenue grew 12% to Rs. 824 Cr, operating profit jumped 33% to Rs. 334 Cr (40%+ PBT margin), and cash from operations rose 25% to Rs. 225 Cr. Cash balance stood at Rs. 5,034 Cr.

**Management Commentary & Outlook:** Management is cautiously optimistic, noting the quarter was better than FY26. Recruitment billings grew >17% (underlying 15%), fueled by better enterprise renewals and new AI offerings like AI-Rex and Talent Pulse. Jobseeker business (Naukri 360) surged >35% with improved margins. 99acres reduced PBT losses by 89% to near break-even, validating investments, and is expected to be cash-generative in FY27. Jeevansathi and Aisle saw 20% billing growth, nearing break-even. Shiksha faces headwinds from AI-driven search changes, impacting traffic and billings (down 23%), but is investing in domestic counseling and AI voicebots.

**Operational Updates:** Recruitment is evolving into a comprehensive operating ecosystem, leveraging AI for matching, recruiter productivity, and new revenue streams. AI-Rex is now live for over 4,000 enterprise customers, with 10%+ converting to paid. Talent Pulse has 600+ paid customers. 99acres strengthened traffic and supply leadership, with property inquiries up >38%. AI integration across businesses is driving 15-20% efficiency gains.

**Analyst Q&A Highlights:** Roughly one-third of Naukri's growth came from new offerings (AI-Rex, Talent Pulse, branding), one-third from volume/renewals, and one-third from price increases. GCC billings grew 31%. Job Hai doubled revenue on a small base. Management believes AI strengthens core marketplace businesses by improving matching and outcomes, while 99acres expects reduced competitive pressure to aid growth and margins.

**Strategic Themes & Sentiment:** Info Edge is prioritizing AI investments across infrastructure, talent, and tools to enhance data products and marketplace positions, expanding its total addressable market (TAM). Management expressed confidence in the long-term value creation from its diversified investment portfolio.