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Earnings Call Transcript

Info Edge (India) Earnings Call Transcript: Key Takeaways

Info Edge is aggressively pivoting from a standard job board to an AI-driven recruitment operating system. Strong billings growth in recruitment and narrowing losses in 99acres suggest structural recovery, though Shiksha faces AI-driven search traffic headwinds.

Guidance and delivery
Management target Revenue 15.0% FY27
Highlights
Revenue growthStandalone revenue grew 12% YoY to ₹824 crores.
MarginsRecruitment margins healthy at 58%; 99acres losses reduced by 89%.
Demand visibilityGCC and Premium hiring robust; IT-services and mid-tier recruitment remains sluggish.
Management confidenceHighly optimistic on AI-monetization despite modest volume growth in mid-tier segments.

Growth

Recruitment billings grew 17% (15% underlying), driven by a 31% surge in GCCs and new AI products like AI-Rex.

Outlook

Management aims to turn 99acres cash generative in FY27; targeting high-teen growth to sustain margin expansion.

Risks

Shiksha traffic is under pressure from generative AI changing user search behavior on Google.

Last quarter's promises, checked

Delivered

  • Target turn cash-generative in FY27 → delivered partial progress with 99acres losses reduced 89% (= BEAT)
  • Target 20-30% billings growth in Jeevansathi → delivered 21-28% growth range (= BEAT)
  • Target 10% recruitment growth to maintain margins → delivered 17% growth with 58% margin (= BEAT)

Partly delivered

  • Target Shiksha growth via AI-voicebots → delivered 13% revenue growth but traffic remains under pressure (= PARTIAL)

Missed

  • Target NaukriGulf 20% growth → delivered 9% growth in Q4 (= MISS)
Source

Earnings Call Transcript filed with BSE, NSE: NAUKRI. Summary written with AI assistance from the document.

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Info Edge (India) Ltd: key numbers

Share price
₹1,254.80
Market cap
₹81,364 Cr
Revenue (annual)
₹3,285 Cr
Net profit (annual)
₹1,450 Cr
P/E (TTM)
50.9×Sector 67.6×
Promoter holding
37.47%-0.03% QoQ
FII holding
23.72%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Info Edge (India) Ltd

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16:55 IST BSE
Other Announcement

Info Edge (India) Other Announcement

Info Edge filed a routine PIT Reg 7(2) disclosure for four Designated Persons' equity trades. No promoter or director activity is reported in this submission.

16:58 IST BSE
Other Announcement

Info Edge (India) Other Announcement

Routine insider trading disclosure reporting share sales by an ESOP trust, an immediate relative, and designated employees, totaling approximately ₹0.24 Crore.

Value
₹0.24 Cr
10:28 IST BSE
Management Change

Info Edge (India) Management Change

Info Edge appointed Naresh Chand Gupta as an Independent Director. Additionally, Ambarish Raghuvanshi ceases to be Interim CFO but continues as Finance Advisor until October 2026.

09:40 IST NSE
Board Meeting Outcome

Info Edge (India) Board Meeting Outcome

Info Edge appointed Mr. Naresh Chand Gupta as Non-Executive Independent Director and approved the transition of CFO duties to Mr. Himanshu Agarwal.

15:03 IST NSE
Other Announcement

Info Edge (India) Other Announcement

Info Edge disclosed that CRISIL independently assigned an ESG rating of 'Crisil ESG 69' and Core ESG rating of 'Crisil Core ESG 82'. No financial or operational event accompanies the disclosure.