Info Edge (India) reported a 12.8% year-on-year increase in standalone billings to ₹822.3 crore for the September quarter, supported by strong growth in its recruitment and real-estate businesses. The company’s quarterly update showed that recruitment solutions billings rose 12.6% to ₹613.8 crore, while 99acres grew 21.2% to ₹148.3 crore. (stockwatch.live)
The performance was more mixed across Info Edge’s portfolio. Jeevansathi continued to grow strongly, while the Shiksha education business recorded a 27.2% decline in billings to ₹20.5 crore. The company attributed the weakness in Shiksha partly to AI-driven changes in online search behaviour, which are reducing referral traffic from traditional search engines. (businessupturn.com)
Info Edge Q2 Billings Rise to ₹822 Crore
Info Edge’s standalone billings increased from ₹729.0 crore in the September quarter of the previous year to ₹822.3 crore in Q2 FY27.
That represents a 12.8% year-on-year increase and extends the company’s growth momentum from the previous quarter. For the six months ended September 30, standalone billings rose 13.5% to ₹1,559.3 crore. (stockwatch.live)
The figures are part of a quarterly business update issued ahead of the company’s formal financial results. They remain provisional and are subject to review and approval by the relevant committees and auditors.
Info Edge Q2 FY27 Billings
| Business | Q2 FY27 billings | YoY growth |
|---|---|---|
| Recruitment Solutions | ₹613.8 crore | 12.6% |
| 99acres | ₹148.3 crore | 21.2% |
| Jeevansathi | ₹39.7 crore | 18.4% |
| Shiksha | ₹20.5 crore | -27.2% |
| Total standalone | ₹822.3 crore | 12.8% |
The numbers show that the recruitment business remains the largest contributor to Info Edge’s billings, while 99acres delivered the strongest growth among the company’s major businesses.
Naukri Recruitment Business Grows 12.6%
Info Edge’s recruitment solutions business, led by Naukri, generated billings of ₹613.8 crore during the September quarter, up 12.6% from ₹545 crore in the year-ago period.
The company estimates that underlying growth was closer to 14%-15% after adjusting for the timing of some client renewals. (businessupturn.com)
The six-month performance was even stronger. Recruitment billings increased 14.9% year on year to ₹1,166 crore during the first half of FY27, compared with ₹1,015 crore a year earlier. (upstox.com)
The improvement suggests that hiring activity is providing a meaningful contribution to Info Edge’s overall growth.
Enterprise Hiring Remains Important
Recruitment trends are particularly significant for Info Edge because Naukri remains the company’s largest business by billings.
The company has previously highlighted improving enterprise hiring activity and increasing adoption of AI-based recruitment products such as AI-Rex and Talent Pulse as positive developments.
These products are designed to help employers automate parts of the recruitment process, including candidate sourcing and screening.
The growing use of AI within recruitment could therefore represent both a product opportunity and a way for Info Edge to strengthen its position in a changing hiring market.
99acres Billings Jump 21.2%
The strongest growth among Info Edge’s major businesses came from 99acres.
The real-estate platform recorded Q2 billings of ₹148.3 crore, up 21.2% year on year from ₹122 crore. Growth accelerated from the previous quarter’s 16.5% increase. (businessupturn.com)
For the first half of FY27, 99acres billings increased 19.2% to ₹258 crore, compared with ₹216 crore in the corresponding period last year. (upstox.com)
The company also reported that 99acres maintained a strong share of category traffic.
Its web time-share stood at 49%, while app time-share was 59% during July and August 2026. (upstox.com)
Why 99acres Matters
The strong performance of 99acres is important because the real-estate business has become one of Info Edge’s key growth engines outside recruitment.
Higher billings can reflect stronger advertiser demand, increases in the number of paying customers and higher average spending by customers.
The company’s ability to maintain traffic share while increasing billings also provides an important indicator of its competitive position in online real-estate classifieds.
Jeevansathi Billings Rise 18.4%
Info Edge’s matchmaking business Jeevansathi also recorded strong growth during the quarter.
Billings rose 18.4% year on year to ₹39.7 crore, compared with ₹33.5 crore in Q2 FY26. For the six-month period, billings increased 16.3% to ₹79 crore from ₹68.2 crore. (upstox.com)
The broader matchmaking portfolio also received support from Aisle.
According to the company’s quarterly update, Aisle recorded 40% growth, helping combined matchmaking billings grow 23.1% year on year. (businessupturn.com)
This indicates that Info Edge’s smaller consumer internet businesses are contributing to overall growth even as the portfolio remains heavily dependent on recruitment.
Shiksha Billings Drop 27.2%
The biggest weakness in the September quarter came from Shiksha.
Billings in the education business declined 27.2% year on year to ₹20.5 crore from ₹28.2 crore.
The company has linked the pressure partly to changes in online search behaviour caused by AI-driven search tools. Users can increasingly receive answers directly through AI-powered search interfaces instead of clicking through to traditional websites. (businessupturn.com)
This creates a significant challenge for content and education websites that historically relied on search-engine referrals for traffic.
AI Is Changing Website Traffic
The Shiksha decline illustrates a broader change taking place across the internet.
Traditional search engines send users from search-result pages to websites. Generative AI systems can increasingly provide information directly within the search or conversational interface.
For platforms whose monetisation depends on website traffic, this can reduce the number of users reaching their pages.
Info Edge is responding by developing new offerings and reducing its dependence on traditional search-driven traffic, although the company expects the transition to take time.
AI Is Also Creating New Opportunities for Info Edge
The impact of AI on Info Edge is not entirely negative.
The company is also developing business-to-business AI products aimed at recruitment.
AI-Rex and Talent Pulse have seen increasing adoption among both new and existing customers, according to the company’s quarterly update. (businessupturn.com)
The products are designed to improve recruitment workflows by automating tasks that can traditionally take days.
According to company commentary, agentic AI workflows have reduced candidate sourcing and screening times from around 10-15 days to a few hours in some use cases. (turn0search9)
This creates an interesting contrast within the business: AI is putting pressure on one platform’s traffic model while creating new products and revenue opportunities for another.
First-Half Billings Show Broad-Based Growth
The September-quarter results become more encouraging when viewed alongside the first-half numbers.
Info Edge’s standalone billings rose 13.5% year on year to ₹1,559.3 crore during the six months ended September 30. (stockwatch.live)
Recruitment solutions grew 14.9% during the period, while 99acres increased 19.2%.
Jeevansathi also recorded double-digit growth.
The main exception remained Shiksha, which continued to face pressure from changes in digital discovery and search behaviour.
H1 FY27 Performance
| Business | H1 FY27 billings growth |
|---|---|
| Recruitment Solutions | 14.9% |
| 99acres | 19.2% |
| Jeevansathi | 16.3% |
| Overall standalone | 13.5% |
| Shiksha | Declining |
The numbers suggest that Info Edge’s core businesses are maintaining healthy growth despite the weakness in education.
What Investors Will Watch Next
The quarterly billing update provides an early indication of operating momentum, but investors will want more information from the company’s full financial results.
Several factors will be particularly important.
1. Recruitment Growth
Investors will watch whether the improvement in hiring activity continues and whether enterprise recruitment demand remains strong.
2. 99acres Monetisation
The company will need to demonstrate that strong traffic and market share are translating into sustained billings and revenue growth.
3. Shiksha Recovery
The key question is whether Shiksha can reduce its dependence on search referrals and develop alternative sources of traffic and monetisation.
4. AI Product Adoption
Growth in AI-Rex and Talent Pulse could become increasingly important as Info Edge seeks to monetise artificial intelligence within its recruitment ecosystem.
5. Profitability
The final financial results will provide greater visibility into revenue, operating profit, margins and cash generation.
The Bigger Picture
Info Edge’s Q2 FY27 update shows a company with strong growth in its two largest businesses but an increasingly visible divide between platforms benefiting from structural trends and those being disrupted by AI.
Recruitment solutions grew 12.6%, while 99acres expanded 21.2%. Jeevansathi also delivered an 18.4% increase. Against this, Shiksha’s 27.2% decline demonstrates how quickly AI-driven changes in search and online information discovery can affect established digital businesses. (upstox.com)
The overall picture remains positive for Info Edge’s core operations, with standalone billings rising 12.8% in Q2 and 13.5% in the first half. But the Shiksha decline highlights a longer-term challenge: internet businesses built around search traffic may need to rethink how they attract users as AI increasingly becomes the interface between consumers and information.
Looking Ahead
Info Edge’s next phase will depend on whether it can sustain recruitment and 99acres growth while successfully adapting its weaker businesses to the AI-driven internet. The strong performance of AI-Rex and Talent Pulse could provide an important new growth avenue if enterprise adoption continues.
For investors, the upcoming detailed financial results will offer a clearer view of profitability, cash generation and segment economics. The Q2 billing numbers provide evidence of healthy underlying demand in recruitment and real estate, but Shiksha’s sharp decline shows that AI is already creating winners and losers within the company’s own portfolio.
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