Info Edge reports 43% rise in net profit for Q1FY27
The Naukri parent saw an 11.4% rise in revenue. Info Edge CEO Hitesh Oberoi attributed recruitment and adoption of AI as key drivers of growth.
Info Edge, the parent company of Naukri and 99acres, reported a 43% increase in net profit for the first quarter of FY27, reaching Rs 490 crore. This marks a significant improvement from Rs 343 crore reported in the same period last year. Revenue also saw an 11.4% rise, reaching Rs 881 crore compared to Rs 490 crore a year ago. CEO Hitesh Oberoi attributed the stronger performance to robust recruitment growth driven by better enterprise hiring activity and increased usage of AI-led services such as AI-Rex and Talent Pulse.
Meanwhile, 99acres moved closer to breaking even, while Jeevansathi continued to generate profits during the quarter. However, when compared to the fourth quarter of FY26, revenue grew by only 1.3% and net profit fell by 35%. The recruitment segment, led by Naukri with Rs 630 crore in revenue (12% YoY growth), was the largest contributor to the company's revenues.
The real estate business saw a 17% YoY increase in revenue to Rs 130 crore, but incurred a loss of Rs 2.13 crore. Info Edge CFO Ambarish Raghuvanshi highlighted that the cash-generative model was strengthened as cash flows grew by 25.3%, with both recruitment and real estate seeing an increase in billings by 17.5% and 16.5%, respectively.
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