Info Edge Ltd reported a 20.4% decline in net profit for Q1FY27, driven by a one-off loss, while core revenue from Naukri remained resilient amidst broader portfolio challenges and strategic investments in AI-driven tools.
Info Edge Ltd reported a softer bottom line for the quarter ended June, as a one-time charge overshadowed modest growth in revenue and operating profit. According to Zee Business, the Sanjeev Bikhchandani-led internet company posted consolidated net profit of INR 246 crore for Q1FY27, down 20.4% from the previous quarter, after taking a one-off loss of INR 72 crore. Revenue from operations rose 2.4% quarter-on-quarter to INR 824 crore, while EBIT increased 3.4% to INR 334 crore and the margin improved to 40.5%.
The clearest support for the quarter came from Naukri, which remained Info Edge’s main growth engine. Revenue at the recruitment business climbed 5% sequentially to INR 612 crore, underlining the resilience of the core jobs platform even as the wider portfolio grew more unevenly. Financial Express reported that standalone billings rose 14% year-on-year to INR 737 crore, with recruitment solutions revenue up 17% to INR 552.7 crore, helping offset weaker contributions from other units.
By contrast, 99acres moved in the opposite direction. Zee Business reported that revenue at the real estate classifieds arm fell 10% sequentially to INR 130 crore, leaving the company with only modest overall topline growth. The divergence between Naukri and 99acres highlights how dependent Info Edge remains on its recruitment franchise, even as it continues to invest across a broader internet portfolio.
Analysts cited by Arthneeti said the company is seeking to deepen growth through new products and artificial intelligence-led tools, including initiatives aimed at improving recruiter productivity and widening customer reach. The report also said management is looking to expand newer offerings such as JobHai and to strengthen 99acres through a focus on the new-home market. For now, though, the quarter suggests that Info Edge’s underlying operations remain stable, while exceptional items can still have a sharp effect on reported earnings.
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