INFO EDGE (I) LTD

Management reported that Info Edge (India) Limited experienced a better quarter in Q1 FY27 compared to FY26, with standalone billings growing over 14%. The recruitment and real estate segments, particularly Naukri and 99acres, were key drivers of this growth. Revenue increased by 12% YoY to Rs.824 crores, and operating profit rose by 33% to Rs.334 crores. The recruitment business saw billings growth of over 17%, while 99acres achieved a 17% increase in billings and moved closer to break-even. The matchmaking segment grew by 20%, but Shiksha faced a 23% decline in billings. Management emphasized the integration of AI across platforms, enhancing customer experience and operational efficiency. They also highlighted ongoing investments in AI and a diversified investment portfolio in technology. Overall, management expressed confidence in the company's growth trajectory and market position.

Management emphasized strong growth and positive developments across key business segments.