Q1 2027 Info Edge (India) Ltd Earnings Call Transcript
Key Points
- Info Edge (India) Ltd (BOM:532777) reported a strong quarter with standalone billings growing over 14%, driven by its two largest businesses, recruitment and 99acres.
- The recruitment business saw improved growth, with underlying billings growth estimated at around 15%, supported by better enterprise renewal rates and broad-based improvement across segments like Tech/IT/BPM (15% growth) and GCCs (31% growth).
- New AI-driven monetization levers, such as AI REX and TalentPulse, are gaining traction, with AI REX live across 4,000+ enterprise customers and over 10% already converted to paying customers, contributing to higher ARPU.
- The job seeker business (Naukri 360) outperformed with billings growing over 35%, and its operating PBT margin improved to 63%, aided by AI-powered offerings and a shift to self-serve models.
- 99acres delivered a strong quarter with billings growth of around 17%, significantly reduced operating losses (down 89%), and moved close to breakeven, while strengthening its market leadership in traffic and supply.
- Info Edge (India) Ltd (BOM:532777)'s Shiksha business continues to face significant headwinds, with billings declining 23% and revenue down 12% due to AI-driven changes in search behavior affecting traffic and client delivery outcomes.
- The recruitment consultants segment remains under pressure, with billings growth of only 1%, as companies tend to in-source hiring during a slowdown, impacting this revenue stream.
- Naukri Gulf's growth slowed to 12%, below its previous 20% trajectory, due to geopolitical disruptions in the Middle East, although the long-term opportunity is considered intact.
- The overall hiring volume growth, as indicated by the JobSpeak index, remains sluggish, and the company's growth is increasingly reliant on premiumization and new offerings rather than broad-based volume expansion.
- The study abroad segment within Shiksha saw softness in key markets like the US and Canada, requiring the company to actively shift focus to other destinations like the UK, UAE, and continental Europe.
()-
Vineet, we currently have 90 participants on the call. Over to you to get us started.
()-
Thank you, Anand. Good evening, everyone. Welcome to Info Edge India Limited earnings conference call for quarter one FY27. Joining us today from management, we have Mr. Sanjeev Bikhchandani, Founder and Vice Chairman. Mr. Hitesh Oberoi, Co-promoter and Managing Director, and Mr. 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's sake. Kindly note that this conference call is being recorded and all participant lines will remain in the listen-only mode. And there will be an opportunity for Q&A after the opening remarks conclude.
Now, I will hand over to Hitesh for his opening remarks. Thank you. Over to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
