Info Edge Q2 Profit Jumps 87% to ₹650 Cr as Naukri Grows

Info Edge, the parent of job portal Naukri, reported an 87% jump in consolidated net profit to ₹649.8 crore for the September quarter (Q2 FY27), up from ₹347.5 crore a year earlier. Sequentially, profit rose 32.6% from ₹490.1 crore.

The increase was driven largely by other income, which surged 164.8% to ₹428.4 crore. Operating revenue grew a more modest 12.2% year on year to ₹903.9 crore, lifting total income to ₹1,332.3 crore. Total expenses rose 4.5% to ₹588.6 crore. The board declared an interim dividend of ₹3 per share, with a record date of November 6 and payment on or after November 23.

Segment performance

On a standalone basis, operating revenue rose 12.8% to ₹841.7 crore. The recruitment solutions business, which includes Naukri, generated ₹632.3 crore, up 13.3%, with segment profit before tax up 19.9% to ₹373.7 crore. Recruitment billings grew 12.6% to ₹613.8 crore; the company said timing of customer renewals affected quarterly growth. AI and data products accounted for a high single-digit share of recruitment revenue, an annualised run rate of about ₹240 crore.

Property portal 99acres saw revenue climb 16.7% to ₹134.3 crore and cut its segment loss before tax to ₹1.6 crore from ₹23.4 crore. Billings grew 21.2%. Jeevansathi's revenue rose 16.5% to ₹39.5 crore with a profit before tax of ₹1.8 crore, while Aisle grew 35.1% to around ₹13 crore. Education platform Shiksha moved the other way, with revenue down 8.5% to ₹35.5 crore and a ₹0.8 crore segment loss.

Exits and leadership change

The board approved the sale of its stakes in MedCords and Unnati Online for about ₹5,000 each; both investments had been fully impaired. It also cleared an investment of up to ₹150 crore in wholly owned subsidiary Redstart Labs over the next 18 months.

Founder Sanjeev Bikhchandani will become executive vice chairman, MD and group CEO from December 3, succeeding Hitesh Oberoi, who steps down on December 2 after nearly 27 years in a full-time executive role. Oberoi is expected to stay on the board as a non-executive promoter director, subject to shareholder approval. Info Edge shares closed 1.23% lower at ₹1,205 on the BSE.