Info Edge Q2FY27 billing rises 12.8%; Shiksha drags, stock falls 3%

Info Edge (India) Ltd reported standalone billings of ₹822.3 crore for the quarter ended September 30, 2026, a 12.8 per cent year-on-year increase, the company disclosed to stock exchanges on Thursday. Shares of the Naukri parent fell 2.91 per cent to ₹1,189.60 on the NSE by mid-afternoon, extending a broader decline that has taken the stock down over 13 per cent in the past year.

For the six-month period ended September 30, 2026, standalone billings stood at ₹1,559.3 crore, up 13.5 per cent, from ₹1,373.2 crore in the corresponding period last year.

The company’s core Recruitment Solutions segment, which operates under the Naukri brand, posted billings of ₹613.8 crore in Q2FY27, growing 12.6 per cent year-on-year. Management noted that renewal timing differences depressed the reported figure and estimated underlying growth at approximately 14–15 per cent. Adoption of B2B AI products — AI-Rex and Talent Pulse — continued to grow in both customer sign-ups and revenue contribution.

Real estate platform 99acres was the standout performer, with billings rising 21.2 per cent to ₹148.3 crore. The platform held a web time-share of 49 per cent and app time-share of 59 per cent in the July–August 2026 period, according to SimilarWeb data. Matchmaking platform Jeevansathi grew 18.4 per cent, while Aisle grew 40 per cent, taking the combined matchmaking billings growth to 23.1 per cent.

Education portal Shiksha was the only segment to contract, with billings falling 27.2 per cent to ₹20.5 crore. The company attributed the decline to AI-driven search tools increasingly answering user queries directly, reducing traffic referrals to the platform. Info Edge acknowledged that billings pressure at Shiksha is likely to persist in the near term as the business transitions its model.

The numbers are unaudited and pending approval by the audit committee, board of directors, and statutory auditors.