Q3 2026 Info Edge (India) Ltd Earnings Call Transcript
Key Points
- Info Edge (India) Ltd (BOM:532777) reported a 14% year-on-year growth in revenue for Q3 FY26, reaching INR 765 crores.
- The recruitment segment showed strong performance with a 14% revenue growth and a 15% increase in operating profit year-on-year.
- The company has a robust cash balance of INR 4,825 crores, providing financial strength for future investments and strategic acquisitions.
- The Board approved an increase in the dividend payout ratio to up to 65% of PAT, enhancing shareholder returns.
- The matchmaking business, Jeevansathi, reported a 29% growth in billings and is nearing breakeven, showing consistent momentum.
- The hiring environment remains uncertain, particularly affecting the mid-level hiring segment with moderated volume growth.
- The real estate segment incurred operating losses of INR 20 crores in Q3 FY26, indicating challenges in this area.
- The education business faced a sharp drop in traffic due to AI-related impacts, which may affect billing growth over time.
- Non-IT sectors such as BFSI, retail, and infrastructure showed weak monetization, with no significant recovery observed.
- Zwayam and DoSelect, part of the recruitment segment, are growing at a slower pace than the core business, indicating challenges in these newer offerings.
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Good evening, everyone. Welcome to Info Edge India Limited quarter three FY26 earnings conference call. Joining us today from management, we have Mr. Sanjeev Bikhchandani, Founder and Vice Chairman; Mr. Hitesh Oberoi, Co-Promoter and Managing Director; and Ambarish Raghuvanshi, Chief Financial Officer.
Before we begin, I would like to draw your attention to the detailed disclaimer included in the presentation for good order sake. Kindly note that this conference is being recorded. All the participant lines will be in listen-only mode and there will be an opportunity for Q&A after the presentation concludes. I will now hand over the call to Mr. Hitesh Oberoi for his opening remarks.
Thank you, and over to you.
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Thank you,
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