Info Edge (India) Limited reported faster operating profit growth than revenue at its recruitment business, its largest segment, while AI and data products recorded an annualized billing run rate of about ₹240 crore based on Q2.
The company’s earnings presentation put AI billings at a high-single-digit portion of recruitment topline. Products listed for recruiters include AI-Rex and Talent Pulse; offerings for job seekers include mock interviews, Neo and an AI resume maker.
Recruitment billings rose 12.6% year over year to ₹614 crore, while revenue increased 13.3% to ₹632 crore. Segment operating profit before tax climbed 19.9% to ₹374 crore, with a 59.1% margin. Info Edge said the timing of customer renewals affected quarterly billing growth; first-half recruitment billings grew 14.9%.
On a standalone basis, revenue from operations increased 12.8% to ₹841.7 crore. Operating profit before tax rose 29.8% to ₹347.3 crore, and the operating margin expanded 541 basis points to 41.3%.
Consolidated revenue from operations was ₹903.9 crore, up 12.2% year over year. Net profit after tax totaled ₹649.8 crore, including ₹479.7 crore attributable to equity holders of the parent, compared with ₹445.7 crore in Q1 FY27. At 99acres, billings grew 21.2% in Q2, up from 16.5% in Q1, and cash generated from operations was ₹22.1 crore versus ₹2.3 crore a year earlier.
NDTV Profit reported Buy ratings for Info Edge from BofA Securities, Citi, Goldman Sachs and Kotak Securities. The outlet listed targets of ₹1,500 for BofA Securities, ₹1,500 for Citi, ₹1,430 for Goldman Sachs and ₹1,475 for Kotak Securities. It said Citi raised its target from ₹1,470, Goldman Sachs from ₹1,410 and Kotak Securities from ₹1,420, while BofA Securities kept its target unchanged. HV Investing reported that the BSE close on Oct. 28 was ₹1,205; compared with that price, the targets imply calculated gains of about 18.7% to 24.5%.
Info Edge has also scheduled a December leadership transition: Hitesh Oberoi is due to leave the managing director and CEO roles after Dec. 2, with Sanjeev Bikhchandani slated to take over Dec. 3, subject to shareholder approval. The board declared an interim dividend of ₹3 per share, with Nov. 6 as the record date and payment due on or after Nov. 23.
