Info Edge Q2 FY27 results: net profit up 87.0% to ₹649.77 crore, revenue up 12.2%

How did Info Edge perform in Q2 FY27?

Info Edge reported consolidated revenue of ₹903.88 crore in Q2 FY27, up ₹98.43 crore or 12.2% from ₹805.45 crore in Q2 FY26 and ₹23.13 crore or 2.6% from ₹880.75 crore in Q1 FY27. Total income was ₹1,332.32 crore, up ₹365.09 crore or 37.7% year on year.

EBITDA rose ₹74.10 crore or 26.5% year on year to ₹353.98 crore, and the EBITDA margin expanded to 39.2% from 34.7%. PBT was ₹743.68 crore, up ₹314.88 crore or 73.4%, while net profit rose ₹302.27 crore or 87.0% to ₹649.77 crore. Basic EPS was ₹7.4, against ₹4.89 in Q2 FY26 and ₹6.88 in Q1 FY27.

On a standalone basis, Q2 FY27 revenue was ₹841.66 crore, up 12.8%, and PAT was ₹333.9 crore. The standalone results also reported PAT before exceptional items of 4720.5, as provided in the results data.

What changed in Info Edge's costs and profit?

Other income increased by ₹266.66 crore, or 164.8%, to ₹428.44 crore from ₹161.78 crore in Q2 FY26. Total expenses rose by ₹25.09 crore, or 4.5%, to ₹588.63 crore, while EBITDA increased by ₹74.10 crore and PBT rose by ₹314.88 crore.

Employee cost was ₹347.32 crore, up ₹6.93 crore or 2.0% from ₹340.39 crore. Other expenses increased by ₹17.39 crore, or 9.4%, to ₹202.57 crore, and depreciation rose by ₹1.96 crore, or 6.3%, to ₹32.94 crore. Finance costs fell by ₹1.17 crore, or 16.8%, to ₹5.81 crore.

Tax expense was ₹97.96 crore, up ₹16.68 crore or 20.5% from ₹81.28 crore. The quarter included no exceptional item, against a gain of ₹25.11 crore in Q2 FY26.

How did the first half of FY27 go?

In the first half of FY27, consolidated revenue was ₹1,784.62 crore, up ₹188.31 crore or 11.8% from ₹1,596.31 crore in H1 FY26. Total income rose by ₹434.03 crore, or 22.0%, to ₹2,405.33 crore.

PBT for H1 FY27 was ₹1,371.89 crore, up ₹507.51 crore or 58.7% from ₹864.38 crore. PAT increased by ₹449.47 crore, or 65.1%, to ₹1,139.82 crore, and EPS rose to ₹14.28 from ₹9.46.

What do the balance sheet and cash flow show?

At 30 September 2026, total assets were ₹57,147.92 crore, up from ₹47,559.48 crore at 31 March 2026. Total equity increased to ₹48,862.55 crore from ₹40,369.44 crore, while borrowings were ₹0.54 crore against ₹0.43 crore.

Cash and cash equivalents fell to ₹199.25 crore from ₹365.42 crore at the previous balance sheet date. Trade receivables increased to ₹12.42 crore from ₹11.02 crore, and trade payables rose to ₹131.03 crore from ₹116.74 crore. There were no inventories.

H1 FY27 operating cash flow was ₹406.63 crore, compared with ₹332.7 crore in H1 FY26. Investing cash flow was negative ₹398.35 crore against negative ₹130.34 crore, financing cash flow was negative ₹174.45 crore against negative ₹185.29 crore, and capital expenditure was ₹26.19 crore against ₹20.35 crore.

How has Info Edge done over the last 8 quarters?

Revenue reached ₹903.88 crore in Q2 FY27, its highest level in the reported period, while the EBITDA margin peaked at 39.2%. PAT was ₹649.77 crore, below the Q4 FY26 peak of ₹755.75 crore but above Q1 FY27.

Revenue and profit have risen year on year in each of the last eight quarters, according to the supplied trend data. The reported series shows revenue moving from ₹722.4 crore in Q3 FY25 to ₹903.88 crore in Q2 FY27, while the EBITDA margin moved from 37.6% to 39.2%.

Which businesses drove the quarter?

Recruitment Solutions reported revenue of ₹653.09 crore in Q2 FY27, up 12.3% from ₹581.61 crore in the year-ago quarter. Segment EBIT was ₹372.87 crore, up from ₹314.63 crore, and the EBIT margin was 57.1%.

99acres for real estate reported revenue of ₹134.31 crore, up 16.7% from ₹115.09 crore. Its EBIT was a loss of ₹1.64 crore against a loss of ₹23.39 crore, with an EBIT margin of negative 1.2%.

Others reported revenue of ₹116.48 crore, up 7.1% from ₹108.75 crore, and EBIT was a loss of ₹30.34 crore against a loss of ₹26.11 crore. The segment’s EBIT margin was negative 26.0%.

What else did the company announce?

The board declared an interim dividend of Rs. 3/- per share for FY 2026-27. The record date was 6 November 2026, and payment was to be made on or after 23 November 2026.

The board approved the divestment of Info Edge’s entire 14.18% holding in Medcords Healthcare Solutions Private Limited and its entire 31.64% holding, excluding the ESOP pool, in Unnati Online Private Limited. It also approved an investment of about Rs. 150 crores in wholly owned Redstart Labs (India) Limited.

Hitesh Oberoi will step down as Managing Director and Chief Executive Officer at the close of business on 2 December 2026 and become a Non-Executive, Non-Independent Additional Director on 3 December, subject to shareholder approval. Sanjeev Bikhchandani was appointed and redesignated as Executive Vice Chairman, Managing Director and Group Chief Executive Officer from 3 December, subject to shareholder approval. The Audit Committee will include Naresh Chand Gupta as a member from 29 October 2026.

What did Info Edge's management say?

Management said underlying Recruitment billings growth was around 14–15% for the current period, while H1 FY27 Recruitment billings growth of 15% was viewed as a cleaner underlying run rate. Management also said 99acres billings grew 21%, operating losses fell below Rs.2 crore, and FY27 operating cash was targeted positive.

Management said AI and data billings were running at about Rs.240 crore annualised and AI-Rex was used by 2,000 customers. It expected AI-Rex penetration to expand over roughly the next 24 months across a potential customer base of about 40,000–80,000, followed by deeper usage, renewal and upgrades.

Management said 99acres aimed to gain further share in traffic and revenue in H2 FY27 while continuing investment and improving profitability. It expected 99acres to generate positive operating cash for FY27, Jeevansathi billing growth to accelerate in H2, and Aisle billings to continue on a high-growth trajectory.

Management said Shiksha billings fell 27% and operating cash outflow was Rs.16 crore during its model transition. Recruitment volumes remained exposed to the macro environment and subdued IT hiring, while customer renewal timing could distort quarterly billings and revenue.

Hitesh Oberoi said on the earnings call: “I will be stepping down as Managing Director and CEO at the close of business on December 2nd, after nearly 27 years at InfoEdge, and Sanjeev will take on the role of Executive Vice Chairman, Managing Director and Group CEO from the 3rd of December.” He also said: “Building an AI product is getting easier. Getting it adopted at scale is not.”

How did Info Edge shares react?

The stock initially rose 1.5% after five minutes, 1.4% after 15 minutes and 2.4% after 30 minutes from the price when the filing appeared. By the reaction-day close, it was down 2.2% from the pre-results close of ₹1,216.3.

By the next day's close, the stock was down 3.6% from its pre-results close, and by the fifth session it was down 3.5%. The Internet & Catalogue Retail peer median was down 0.5% on the reaction day, down 1.8% by the next close and down 1.5% by the fifth session; the stock's corresponding excess moves were negative 1.7 percentage points, negative 1.8 percentage points and negative 2.0 percentage points.

Earlier reaction-day moves were mixed: 4.3% on 10 August 2026, negative 2.9% on 8 April 2026, negative 0.9% on 13 February 2026, 2.4% on 12 November 2025 and negative 2.2% on 8 August 2025. The Nifty Midcap 150 was up 0.3% on the reaction day and up 1.2% by the next close.