Info Edge reports steady business growth ahead of leadership transition
Revenue from operations grew 12% YoY, while net profit was up 87%. Growth was driven by recruitment business, 99acres, and matchmaking services.
Info Edge, an Indian internet-led business, experienced steady growth in the second quarter. Their revenue increased by 12.2% year-over-year to Rs 903.9 crore, while profit after tax rose 87% to Rs 649.8 crore. Growth was driven by the recruitment business, expansion at 99acres, and the matchmaking sector. However, the education segment faced challenges.
Hitesh Oberoi, Managing Director and CEO, will step down on December 2, 2026, to be replaced by founder Sanjeev Bikhchandani, whose expanded role will begin on December 3, pending shareholder approval. Total income, including other income, grew 37.7% YoY to Rs 1,332.3 crore, with other income up 164.8% to Rs 428.4 crore. Total expenses rose by 4.5% to Rs 588.6 crore.
Operating EBITDA increased by 27.4% YoY to Rs 354 crore, with a margin of 39.2%. Recruitment remained the top revenue contributor, growing 13.3% YoY to Rs 632 crore and generating a 59.1% operating margin. Real estate and candidate services also showed growth. Matchmaking contributed around Rs 53 crore, while education, the weakest business, saw an 8.5% revenue decline and a negative operating cash flow of Rs 16 crore.
The company declared an interim dividend of Rs 3 per share and invested Rs 150 crore in its subsidiary Redstart Labs, as well as exiting stakes in Medcords and Unnati Online.
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