Info Edge Q2 FY2025-26: Strong Growth Momentum Across Businesses
Info Edge (India) Ltd — India’s leading internet company and the owner of digital platforms like Naukri.com, 99acres, Jeevansathi, and Shiksha — delivered a strong second-quarter performance for FY2025-26, showcasing solid top-line growth and record-breaking profitability backed by one-time gains and consistent platform expansion.
The company reported consolidated revenue of ₹805 crore, marking a 15% year-on-year increase from ₹701 crore in Q2 FY2024-25, driven primarily by sustained momentum in its core recruitment business and growth in its non-recruitment verticals.
Consolidated profit after tax (PAT) jumped to ₹316.4 crore, up 1,260% YoY compared to ₹23.3 crore in the same quarter last year. The spike was largely attributed to a one-time exceptional gain and better operating leverage, supported by strong cash flow from operations.
📊 Quarterly Comparison Table — Info Edge (India) Ltd
| Financial Metric (₹ Crore) | Q2 FY2025-26 (Jul–Sep 2025) | Q1 FY2025-26 (Apr–Jun 2025) | Q2 FY2024-25 (Jul–Sep 2024) |
|---|---|---|---|
| Revenue from Operations | 805.0 | 791.0 | 701.0 |
| Consolidated PAT (Profit After Tax) | 316.4 | 296.0 | 23.3 |
| EBITDA (Standalone) | 268.0 | 250.0 | 252.0 |
| EBITDA Margin (%) | 36–37% | 36% | 38% |
| Interim Dividend | ₹2.40 per share | — | ₹2.00 per share |
Sources: Company filings, BSE results, and management commentary (November 2025).
Naukri.com Remains the Growth Engine
The company’s recruitment vertical (Naukri.com) continues to anchor Info Edge’s revenue base, contributing roughly ₹545 crore to total revenue during the quarter. Despite cautious hiring sentiment in tech and BFSI sectors, the platform maintained double-digit billing growth at around 12% YoY.
Info Edge’s management highlighted that hiring activity from mid-market, manufacturing, and emerging tech sectors offset weakness in large IT hiring. The platform also benefited from higher renewal rates, improved enterprise client retention, and new AI-based candidate search tools introduced during Q2.
“The recruitment business remains resilient and continues to perform strongly despite macro uncertainties. Our focus is on technology-led efficiency and client retention,” said Hitesh Oberoi, Managing Director and CEO of Info Edge.
99acres Shows Healthy Recovery in Real Estate Demand
The real estate platform 99acres.com saw strong growth momentum in Q2 FY26, with revenue increasing 14% year-on-year to ₹122.4 crore. The management attributed this to the revival in India’s housing demand and increasing online property listings.
With developers and brokers returning to digital channels post-monsoon, advertising revenues from the real estate vertical improved. The company expects this segment to maintain double-digit growth through FY26, supported by India’s expanding housing market and smart city initiatives.
Non-Recruitment Verticals — Jeevansathi and Shiksha Add Stability
The company’s “Other Verticals”, including Jeevansathi.com (matrimony) and Shiksha.com (education guidance platform), grew by 21% YoY, contributing around ₹61 crore to total revenue.
While these segments are smaller compared to recruitment and real estate, they continue to improve their monetization metrics through targeted marketing, AI-driven matchmaking algorithms, and content-driven education engagement.
This diversification is key to Info Edge’s long-term strategy of reducing dependency on recruitment revenue and building a multi-platform digital ecosystem.
Exceptional Gain Boosts Profitability
Info Edge’s reported PAT of ₹316 crore includes a one-time exceptional gain amounting to approximately ₹25 crore related to its strategic investments. Excluding this, normalized profit still reflects robust operational performance.
The company continues to benefit from its early-stage tech investments through Info Edge Ventures, which have appreciated significantly over time, providing occasional windfall gains when exits occur.
Cash Flow Strength and Dividend Announcement
During the quarter, cash flow from operations before taxes rose 12% YoY to ₹293 crore, reflecting improved working capital efficiency. Info Edge maintains one of the strongest balance sheets among Indian internet companies, with no long-term debt and significant cash reserves.
The board announced an interim dividend of ₹2.40 per share (face value ₹2) for FY2025-26, payable in early December 2025. This continues the company’s trend of consistent shareholder rewards, reflecting confidence in its liquidity and business model.
Management Guidance for H2 FY2025-26
Info Edge’s management provided a cautiously optimistic outlook for the second half of FY26, focusing on sustainable growth, innovation, and profitability.
Key forward-looking statements include:
📈 Revenue Growth: Expecting mid-teens revenue growth in FY26 across verticals.
💼 Hiring Market Outlook: Recruitment growth to remain stable as non-tech hiring picks up in BFSI, healthcare, and manufacturing.
🏗️ Real Estate Segment: 99acres expected to grow 15–18% driven by developer advertising and housing demand.
🌐 Innovation Investments: Continued spending on AI/ML tools for Naukri and digital engagement upgrades for Jeevansathi.
💰 Capital Allocation: Balanced focus on dividends, reinvestment, and selective startup funding through Info Edge Ventures.
Comparison Snapshot: Q2 FY26 vs Q1 FY26 vs Q2 FY25
| Parameter | YoY (Q2 FY26 vs Q2 FY25) | QoQ (Q2 FY26 vs Q1 FY26) |
|---|---|---|
| Revenue Growth | ▲ +15% | ▲ +2% |
| PAT Growth | ▲ +1,260% | ▲ +7% |
| EBITDA Margin | ▼ -1.5% | Stable |
| Recruitment Billings | ▲ +12% | ▲ +1% |
| 99acres Revenue | ▲ +14% | ▲ +2% |
| Other Verticals | ▲ +21% | ▲ +3% |
Analyst and Market Reaction
Analysts and brokerage firms have praised Info Edge’s diversified revenue model, calling it a “steady compounding play” in India’s internet ecosystem.
Brokerage houses such as ICICI Securities and Motilal Oswal maintain a “BUY” rating, citing the company’s cash-rich balance sheet, recurring revenue visibility, and strong leadership in the online hiring and property space.
However, they also caution that sustained profit growth will depend on the macro hiring environment and digital ad spends in FY26.
“Info Edge’s Q2 results show operational resilience and a healthy cash position. The long-term opportunity in India’s digital economy remains intact,” noted an ICICI Securities report.
Risks and Watchpoints
Hiring Market Slowdown: Prolonged softness in IT hiring could impact Naukri’s growth momentum.
Advertising Spend Volatility: Real estate and education platforms rely on cyclical ad spending.
Competition: Intensifying competition from startups in job tech, property, and matrimony segments.
Valuation Premium: Info Edge trades at a high PE multiple; continued profit growth is critical to sustain it.
Conclusion: Info Edge Continues to Deliver Despite Cyclical Headwinds
Info Edge’s Q2 FY2025-26 results reinforce its position as one of India’s most stable and profitable internet companies. With revenue growth of 15%, PAT surge of 1,260%, and strong contributions from Naukri and 99acres, the company remains well-positioned to ride India’s digital and employment recovery wave.
Its strategic diversification across real estate, education, and matrimony verticals, coupled with its AI-driven hiring innovation, gives Info Edge a multi-engine growth story.
Looking ahead, investors and analysts expect steady mid-teens growth in FY26, supported by high cash reserves, low leverage, and increasing platform monetization.
For readers and investors alike, Info Edge remains a long-term compounder in India’s fast-growing internet and digital economy ecosystem.
