Now Reading: Info Edge Q1 net profit jumps 43% to Rs 490 crore
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Info Edge Q1 net profit jumps 43% to Rs 490 crore
Info Edge's net profit for Q1 FY27 rose 43% year-on-year to Rs 490.1 crore, though it plunged 35% sequentially from Rs 755.7 crore. Operating revenue increased 11% YoY to Rs 880.7 crore,…
The Story in Brief
Info Edge's net profit for Q1 FY27 rose 43% year-on-year to Rs 490.1 crore, though it plunged 35% sequentially from Rs 755.7 crore. Operating revenue increased 11% YoY to Rs 880.7 crore, with only marginal 1% growth over the previous quarter. Total revenue including other income stood at Rs 1,073 crore. EBITDA margin was 38.7%.
The recruitment segment, led by Naukri, posted a 13% revenue jump to Rs 611.7 crore. Real estate platform 99acres saw revenue rise 17% to Rs 129.8 crore, with losses narrowing 89% to Rs 2.1 crore. Matchmaking platforms Jeevansathi and Aisle reported combined billing growth of 20%. However, education portal Shiksha was hit by AI-driven traffic declines from Google Search, reporting Rs 82.9 crore in revenue.
The Indian Opinion
The narrative that AI is single-handedly powering Info Edge's growth is overblown. While AI recruitment tools like AI-Rex saw uptake, sequential profit fell sharply and revenue growth was flat quarter-on-quarter. The real story is mixed: recruitment billing rose 17.5%, but the education segment suffered from the very AI shifts that are supposedly helping others. Watch if Info Edge can keep enterprise hiring momentum without depending on AI hype, or if sequential profit weakness becomes a trend.
Source: inc42.com
This story was synthesised by AI from the source linked above.
