Info Edge Q2 FY27: Billings Up 13%, Revenue ₹842 Cr, Profit ₹347 Cr; MD Hitesh Oberoi to Step Down
Info Edge reported Q2 FY27 standalone billings growth of 13% to ₹842 Cr and operating profit of ₹347 Cr. Cash from operations was ₹373 Cr. The Recruitment segment saw 13% billings growth, while 99acres billings grew 21%. MD Hitesh Oberoi will step down on Dec 2, with Sanjeev Bikhchandani taking over as Group CEO.
The announcement includes strong financial results and a significant leadership transition, with the long-serving MD stepping down and a new Group CEO taking over. This dual nature of financial performance and leadership change has a high impact on investor sentiment and company direction.
The company reported strong financial performance with significant year-on-year growth in billings, revenue, and operating profit across key segments. The strategic focus on AI and growth engines also indicates a positive outlook.
Info Edge (India) Limited announced its financial results for the quarter and half-year ended September 30, 2026. In Q2 FY27, standalone billings grew 13% year-on-year to ₹842 crores, with revenue also increasing by 13%. Operating profit saw a significant jump of 30% to ₹347 crores, leading to an operating PBT margin of 41%, an increase of 541 basis points.
Cash generated from operations stood at ₹373 crores, up 27% year-on-year. For the first half of FY27, billings grew 14%, revenue increased by 12%, and operating profit rose by 32%. The company ended September with a cash balance of ₹4,976 crores.
The Recruitment segment's billings and revenue grew by 13% in Q2, with operating profit up 20%. Underlying growth, adjusted for timing differences, is estimated at 14-15%. The company's AI and data products now contribute a high single-digit share of the Recruitment topline, with an annualized run rate of approximately ₹240 crores.
The Real Estate segment, driven by 99acres, saw billings grow 21% in Q2, with revenue up 17%. Operating losses reduced significantly to less than ₹2 crores, down from ₹23 crores in the prior year's quarter. 99acres generated ₹22 crores in cash from operations.
The Matchmaking segment, including Jeevansathi and Aisle, reported billings growth of 23% in Q2, operating near breakeven at the PBT level.
In a significant announcement, Managing Director and CEO Hitesh Oberoi will step down from his role at the close of business on December 2nd, after 27 years with the company. Sanjeev Bikhchandani will take over as Executive Vice Chairman, Managing Director, and Group CEO from December 3rd. Oberoi will continue on the Board as a Non-Executive Director, subject to shareholder approval.
The company highlighted its strategic focus on strengthening core marketplaces through technology and AI, growing AI monetization with AI-first products, and scaling growth engines like Naukri 360, Job Hai, and 99acres.
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Info Edge (India) Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Info Edge (India) Limited. Read the original for the full detail.