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Shares of Info Edge India, the parent company of Naukri.com, rose 3% to ₹1,253 on the NSE on Wednesday, October 28, after the company reported its second quarter results.
Its delivered a 12.9% increase in revenue to ₹842 crore for the second quarter from ₹746 crore last year.
However, its net profit fell 92.9% to ₹333.8 crore from ₹4,720 crore in the corresponding quarter last year. This was largely due to an exceptional gain of ₹5,200 crore it had reported last year compared to nil in the second quarter this year.
Its earnings before interest, taxes, depreciation and amortisation (EBITDA) increased 27.4% to ₹377 crore from ₹295.9 crore in the previous fiscal.
The company's EBITDA margin expanded to 44.8% from 39.66% in the year-ago period.
Its standalone billings grew 12.6% in the second quarter and 14.9% in the first half of the financial year 2027.
Recruitment business reports double-digit growth
In its largest business, Recruitment, Info Edge reported a 12.6% increase in billings in the second quarter from last year, Quarterly growth was affected by the timing of customer renewals, the company said in its exchange filingl.
Recruitment revenue increased 13.3%, while operating profit before tax (PBT) rose 19.9% from last year. The business reported an operating PBT margin of 59.1% in the second quarter.
Commenting on the results, Hitesh Oberoi, managing director and chief executive officer of Info Edge, said recruitment billings grew 15% in the first half of the financial year.
AI and data products for recruiters and job seekers are now contributing a high single-digit share of the Recruitment business's topline, with an annualised revenue run rate of around ₹240 crore based on Q2 performance, Oberoi added.
99acres billings growth accelerates to 21%
Info Edge's real estate platform, 99acres, recorded a 21.2% year-on-year increase in billings in the September quarter, up from 16.5% sequentially.
The business generated ₹22.1 crore in cash from operations during the quarter, compared with ₹2.3 crore last fiscal.
Matchmaking business grows over 23%
In the Matchmaking segment, combined billings for Jeevansathi and Aisle grew 23.1% from last year and 21.7% in the first half of the financial year.
Jeevansathi's billings increased 18.4% in the quarter, while Aisle recorded 40% growth.
Info Edge declares ₹3 interim dividend
Info Edge's board declared an interim dividend of ₹3 per equity share of face value ₹2 each for FY27.
The company has fixed November 6, 2026, as the record date to determine shareholders eligible to receive the dividend. The dividend will be paid on or after November 23, 2026.
Shares of Info Edge rose 3% to ₹1,253 on the NSE at 12:26 pm on Wednesday following the announcement of its Q2 FY27 results. The stock has declined 1.1% over the past month and is down 7.5% so far this year.
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