Info Edge, the parent company of job site Naukri, on Wednesday posted a fourfold increase in net profit to Rs 347 crore for the quarter ended September 30, compared with Rs 85 crore a year earlier. Operating revenue rose 15% to Rs 805 crore.
The Noida-based firm’s total expenses during the second quarter increased to Rs 563 crore from Rs 492 crore a year earlier. A significant portion of the expenditure was attributed to employee benefit expenses, which amounted to Rs 340 crore, followed by advertising and promotion cost (108 crore) and other expenses (Rs 55 crore).
Revenue from the recruitment solutions business, which includes Naukri.com, grew 13% YoY to Rs 582 crore. While real estate listing portal 99acres also posted a 13% increase in revenue at Rs 115 crore, its other businesses, including Jeevansaathi.com and Shiksha.com, reported nearly 30% growth at Rs 109 crore.
Billings from Info Edge’s core recruitment business grew 11% to Rs 568 crore.
“The hiring environment remains uncertain...despite this, we were able to achieve some improvement in recruitment billings. We remain cautiously optimistic about growth in the quarters ahead,” managing director and chief executive Hitesh Oberoi told analysts during a post-earnings call.
The company is focusing on using artificial intelligence to improve search accuracy, enhance user personalisation and productivity across its platforms. It is also developing new AI-driven features and products, creating new monetisation avenues and improving internal operational efficiency, the company said
“Overall, our AI initiatives are still in the early stages. Of course, we have been investing in machine learning for a long time, but it’s early days in terms of leveraging generative AI and agentic AI. We continue to invest in these areas,” Oberoi said.
The company’s board approved an interim dividend of Rs 2.40 per share for the financial year 2025-26.
In May, Info Edge, which has been an early investor in the Indian startup ecosystem with stakes in companies such as Eternal and PB Fintech, secured shareholder approval to invest up to Rs 1,000 crore in its Info Edge Ventures Fund III to ramp up startup investments.
Info Edge shares closed 2.7% higher at Rs 1,376.95 on the BSE Wednesday.
The Noida-based firm’s total expenses during the second quarter increased to Rs 563 crore from Rs 492 crore a year earlier. A significant portion of the expenditure was attributed to employee benefit expenses, which amounted to Rs 340 crore, followed by advertising and promotion cost (108 crore) and other expenses (Rs 55 crore).
Revenue from the recruitment solutions business, which includes Naukri.com, grew 13% YoY to Rs 582 crore. While real estate listing portal 99acres also posted a 13% increase in revenue at Rs 115 crore, its other businesses, including Jeevansaathi.com and Shiksha.com, reported nearly 30% growth at Rs 109 crore.
Billings from Info Edge’s core recruitment business grew 11% to Rs 568 crore.
“The hiring environment remains uncertain...despite this, we were able to achieve some improvement in recruitment billings. We remain cautiously optimistic about growth in the quarters ahead,” managing director and chief executive Hitesh Oberoi told analysts during a post-earnings call.
The company is focusing on using artificial intelligence to improve search accuracy, enhance user personalisation and productivity across its platforms. It is also developing new AI-driven features and products, creating new monetisation avenues and improving internal operational efficiency, the company said
“Overall, our AI initiatives are still in the early stages. Of course, we have been investing in machine learning for a long time, but it’s early days in terms of leveraging generative AI and agentic AI. We continue to invest in these areas,” Oberoi said.
The company’s board approved an interim dividend of Rs 2.40 per share for the financial year 2025-26.
In May, Info Edge, which has been an early investor in the Indian startup ecosystem with stakes in companies such as Eternal and PB Fintech, secured shareholder approval to invest up to Rs 1,000 crore in its Info Edge Ventures Fund III to ramp up startup investments.
Info Edge shares closed 2.7% higher at Rs 1,376.95 on the BSE Wednesday.
